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As the cryptocurrency market experiences a bullish trend, investors and enthusiasts are closely following the growth and adoption of their favorite tokens. In this Cardano news update, we delve into the rising popularity of Cardano (ADA) and Litecoin (LTC), while exploring the potential for Caged Beasts (BEASTS) to see a surge in adoption in the coming weeks. So, let’s dive into the exciting developments and compare these brands.
Summary
Cardano News: Over 4 Million New Wallets Added In June
Cardano (ADA) has been attracting a growing number of cryptocurrency enthusiasts lately. With an average of 2,446 new wallets being added to the network daily in June, Cardano is experiencing a surge in adoption; with the total number of Cardano holding addresses now standing at an impressive 4,161,225. This steady growth is a testament to the increasing interest in Cardano’s innovative blockchain platform, which aims to provide a secure and scalable infrastructure for decentralized applications. Moreover, the recent release of the Cardano Node 8.1.1 update demonstrates the project’s commitment to improving performance and addressing minor issues.
Litecoin: Upcoming Halving Births Resurgence
Litecoin (LTC), one of the oldest cryptocurrencies, is witnessing a resurgence as its halving event approaches in August. In the past week alone, the number of daily active addresses and new addresses on the Litecoin blockchain has soared by 28% and 54.6%, respectively. This renewed interest is reflected in the milestone reached by Litecoin, surpassing Ethereum in total addresses with a record of 200.7 million. The upcoming halving event, where block rewards will be reduced from 12.5 LTC to 6.25 LTC, is driving this network growth. Historically, such halving events have led to significant price gains in the respective cryptocurrencies. Currently priced at $76.96, Litecoin is experiencing a wide trading range, with support at $65 and resistance levels at $80, $90, and $105.
Caged Beasts: Can It Reach 10X Soon?
Turning our attention to Caged Beasts (BEASTS), this exciting meme coin cryptocurrency project has recently entered the market, and already it is building a community around itself thanks to its referral system. Caged Beasts stands out with its emphasis on community and decentralization. Drawing inspiration from science fiction and cyberpunk styles, Caged Beasts also distinguishes its style and design from the repetitive meme coins overcrowding the market.
What truly sets Caged Beasts apart is its innovative referral system, through which users can create their own shareable referral codes, and when others make a purchase using those codes, the referrer instantly receives 20% of the deposited amount in ETH, BNB, or USDT. Additionally, the referred person receives bonus tokens equal to 20% of their purchased amount. This greatly incentivizes community members to invite friends and actively contribute to the project’s growth, allowing participants to earn passive income through steady referrals.
Witnessing the recent increase in adoption of Cardano and Litecoin, make us believe that Caged Beasts is well-equipped to match these two brands in the future. With this rewarding referral system and its immersive lore and characters, Caged Beasts is definitely not your regular meme coin.
With Cardano adding over 2,400 new wallets a day in June and Litecoin witnessing a surge in new addresses ahead of its halving event, the altcoin season and bull market are presenting opportunities for various cryptocurrencies. Amidst this positive trend, it’s worth keeping an eye on emerging projects like Caged Beasts. With its unique art style, emphasis on community, and innovative referral system, Caged Beasts has the potential to see a similar rise in adoption as these two coins. So, when you are reading up on Cardano or Litecoin news, keep an eye out for Caged Beasts, or better yet, visit Caged Beasts’ website and sign up your email address to stay up to date. You can also participate in the presale to get your referral code to share and start earning 20% instant USDT for every referral.
Caged Beasts
Website: https://cagedbeasts.comÂ
Twitter: https://twitter.com/CAGED_BEASTSÂ
Telegram: https://t.me/CAGEDBEASTS
*This article was paid for Cryptonomist did not write the article or test the platform.
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