Snek: The new memecoin making its mark

Are memecoins the future of crypto? That’s up for debate. But one new offering that might convince you is Snek, a Cardano-based coin that’s seeing gains reminiscent of the first crypto tokens. The fact that it has its own energy drink doesn’t hurt, either.

Snek’s current following may be small, but it’s dedicated. Currently, there are about 43,000 followers in total, although that number is growing by the day.

The engagement rate of Snek’s dedicated follower base echoes that of coins whose followers number in the millions. User sentiment is also high — almost 90% of community members have recommended Snek to a friend, while 83% give the coin’s potential a five-star rating and 98% rate it at four and a half stars plus.

Snek is a community-owned coin, but that doesn’t mean it lacks creative direction. Brand director Max Maher works alongside longtime crypto experts, including Mr. Goldenhour, Sal, Rami, and GoofyCrisp. The team is committed to helping the emerging coin reach more users. So far, their efforts seem to be working.

Snek’s sentiment increased recently after act of unexpected generosity. If you’re part of the Cardano crypto ecosystem, you might remember the infamous Yummi Universe NFT event. The NFT project, which had thousands of holders at the time, pulled the rug out from under everyone. The NFTs became completely worthless.

The event was notable enough to threaten to taint user opinions of Cardano itself. Snek stepped in, assuring users, “This is not the Cardano ecosystem we strive for.” It then airdropped millions of Snek coins into the wallets of everyone holding the now-worthless NFTs.

That event helped raise the coin’s profile, but brand director Max Maher is eager to help it reach its full potential. He notes that every major crypto ecosystem except Cardano has a coin worth more than $1 billion. Given Snek’s positive user sentiment and continued growth, it might only be a matter of time.

One thing that could be a massive growth booster is a listing on Binance. The exchange recently issued a call for up-and-coming tokens to apply. Snek was one of the applicants, and one community member developed a plan to help it stand out. 

Contributor RTB launched a 24/7 livestream and vowed to keep it going until Binance agreed to list Snek. The stream, which began on June 6, has already broken the world record for the longest livestream on X (formerly known as Twitter).

Snek is a cryptocurrency with a uniquely wide reach, both on the internet and in the real world. That’s not an accident. Through Snek-branded software tools, a token generator, and even the colorful Snek Energy drink, the Snek community hopes to transcend the concept of the modern memecoin.

Their ultimate goal: create a cryptocurrency that’s more than just an internet inside joke. It looks like Snek might be that fabled coin.