Crypto influencer Ben Armstrong, known as Bitboy, is excited about the recent surge in the value of BEN token. The meme asset, which Armstrong is involved in, saw its value increase by over 500% in just 13 days. Armstrong took to Twitter to share his excitement, writing “Let’s go bois BEN” along with a chart of the asset’s performance.
Dogefather Elon Musk however chose to downplay his support for Dogecoin (DOGE), making the prices plummet further. A new meme coin Caged Beasts (BST) is taking the crypto world by a storm with its bold roadmap. But how will the meme coin market environment impact it?
Ben’s Astonishing Surge
$BEN has been trading under very volatile conditions. However, similar to many meme coins, such as $PEPE, which experienced a remarkable surge of 6,000% last month, the second wave of momentum tends to be significantly more robust than the initial one.
If this trend holds true for $BEN, there is a possibility that the token will range even higher, having just broken its previous high. Numerous analysts anticipate that $BEN has the potential to reach an astonishing market capitalisation of $500 million which would be a significant gain of 500% from its current value of $100 million (25/05/2023).
The token’s progress could receive a significant boost from a listing on a prominent exchange. Presently, $BEN can only be traded on MEXC and Unsiwap. However, if a Tier-1 exchange like Binance, OKX, or Kucion were to list $BEN in the near future, it would greatly amplify the token’s momentum. Ben Armstrong is set to announce the token’s future in the evening of Thursday the 25th of May.
Dogefather Elon Musk Orphans Dogecoin
During a conference in London organised by the Wall Street Journal, Elon Musk issued a cautionary statement regarding Dogecoin (DOGE), advising investors against going all-in with their financial resources on this meme-based cryptocurrency. While acknowledging his fondness for Dogecoin due to its humorous nature and association with dogs, the Tesla CEO explicitly stated, “I’m not advising anyone to buy crypto or bet the farm on Dogecoin.” Musk emphasised that such a decision could potentially be unwise, highlighting a departure from his typical endorsement of the dog-themed token.
This instance in London represents a rare occasion where Musk has chosen to downplay his support for Dogecoin, rather than enthusiastically promoting it. Back in April 2021, Elon Musk embraced the title of “The Dogefather” and promoted an episode of Saturday Night Live, declaring Dogecoin as “the future of currency” in a tweet. In a move that briefly impacted the market, Musk also temporarily changed Twitter’s logo to a Shiba Inu dog, contributing to a short-lived 20% surge in the price of dogecoin.
Initially created as a joke and lacking practical utility, Dogecoin experienced a surge in popularity during the cryptocurrency frenzy of 2021. However, its value has since plummeted, influenced by factors such as increasing interest rates and the collapse of prominent companies like FTX.
Don’t Miss Caged Beasts Presale
Caged Beasts (BEAST) distinguishes itself within the cryptocurrency landscape through its groundbreaking concept of “Caged Liquidity.” This unique community token takes a courageous approach by securely locking funds, promoting transparency, and setting itself apart from other tokens available with its unique aesthetic.
The core mission of Caged Beasts Coin is to transform the finance industry by embracing decentralised practices. Drawing inspiration from the idea of breaking free from confinement, akin to caged beasts, the project strives to emancipate DeFi and traditional financial systems and pave the way for a future defined by financial liberation and individual autonomy.
With each $BEAST token, investors gain ownership of a caged beast—a magnificent creature undergoing a remarkable metamorphosis driven by mutagens, cybernetics, and state-of-the-art weaponry. The ultimate objective is to unleash these formidable entities into the realm of cryptocurrencies, challenging the long-established dominance of conventional financial systems.
Embrace the power of Caged Beasts and bear witness to how they reshape the future of decentralised finance. Visit the Caged Beasts website and register with your email address to stay informed about the upcoming launch of the first presale phase.
For more information on Caged Beasts, visit:
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
