$SNEK Coin: How to Buy the Viral Meme Coin, SNEK vs PEPE & More?

The SNEK coin is quite interesting meme coin.
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The $SNEK coin, a Cardano-based meme coin, has been making waves in the crypto community. Its phenomenal success has gotten a lot of attention.

Its foundation on the robust Cardano blockchain, which embraces cutting-edge technology, distinguishes $SNEK from other meme coins. The charm of $SNEK, derived from its meme-inspired nature and community-centric values, has captivated crypto enthusiasts worldwide.

Surprisingly, the meme coin has scaled about 300% and entered the top ten market cap coins on the Cardano network within weeks of its launch, solidifying its position as a crypto force to be reckoned with.

You may want to know how to get FREE crypto on Crypto Faucet platforms.

SNEK Coin Overview

The launch of $SNEK Coin took place on May 31, 2023, on the Cardano Network. Preceding this event, a pre-sale period occurred from April 27 to April 28, during which early investors and supporters were provided with 50% of the total supply.

The tokens were made available for purchase at a remarkably low rate of 20 ADA coins, cultivating accessibility and inclusivity in the community.

As its popularity soared, $SNEK Coin has climbed the ranks and currently holds an impressive position at #2 on the Cardano blockchain. With a market capitalization exceeding 100 million dollars (On taptools.io), the coin has firmly established itself as a major player in the crypto world.

SNEK coin price
$SNEK coin price | Image via CoinMarketCap

What is $SNEK Coin?

Before we jump on to the buying guide for SNEK coin, it is crucial for you to understand the basics of the said digital currency.

$SNEK coin is a leading meme coin developed on the Cardano blockchain, and stands as an expression of revolutionary technology, offering a gratifying journey for its holders.

Its primary objective revolves around establishing a harmonious interconnection among the community, the token itself, and the expansive realm of decentralized finance (DeFi).

Through this alliance, $SNEK coin endeavors to ensure that token holders find fulfillment and amusement, all within a framework that prioritizes transparency and fairness.

How to Buy $SNEK Coin?

Within the Cardano blockchain, several decentralized exchanges facilitate the buying and selling of $SNEK coin. However, it is worth noting that SundaeSwap stands out from the rest due to its significantly higher liquidity.

As a result, it is advisable to conduct trades on SundaeSwap to minimize the impact on prices and ensure smoother transactions.

To buy Snek coins, one must first have a Cardano wallet containing an ample amount of ADA funds. This serves as the gateway for participating in the ecosystem surrounding $SNEK and enables seamless transactions within the Cardano network.

Here’s a setup guide for a Cardano-based Wallet called Nami Wallet.

Setup Nami wallet

Nami Wallet presents itself as a user-friendly option for individuals seeking a Cardano-based wallet.

To proceed with the procure, simply search for the Nami Wallet web extension and install it on your preferred web browser.

To enable seamless transaction interactions within the wallet, it is essential to set the appropriate collateral fees. This ensures a smooth and efficient process while engaging with Snek coin and other transactions.

Set up wallet to buy SNEK coin
Image via namiwallet.io

After you have set up a Cardano-based wallet, you can proceed with SundaeSwap to buy Snek coins.

Steps to buying $SNEK coin on SundaeSwap

Within the vast crypto landscape, SundaeSwap has established itself as a prominent decentralized exchange operating on the Cardano blockchain. You can easily buy the SNEK coins on this exchange by embracing the following instructions:

Platform to buy SNEK coin
Wallet Connection | Image via SundaeSwap

Step 1: First visit the Sundaeswap website and connect your Nami wallet (or any other supported Cardano-based wallet) to the platform.

Step 2: Once connected, navigate to the swap section. Within the swap section, you can effortlessly engage in buying and selling activities involving the $Snek coin.

Swap Section | Image via SundaeSwap

All you need to do is input the desired amount of ADA that you wish to swap for $Snek, and the platform will facilitate the transaction seamlessly.

This is all you need to do to buy SNEK coins. To track SNEK’s market, we recommend using a popular Cardano-focused asset-tracking platform called Taptools.

Note: Cardano has a relatively slower execution speed, especially when dealing with highly volatile coins, so it is advised to enhance your slippage tolerance correspondingly when engaging in the process of switching ADA for SNEK.

Using Taptools.io to track the SNEK market

Taptools is an asset-tracking platform catering to the needs of the Cardano ecosystem. It offers a variety of features, including live Cardano native asset charts and comprehensive trade history analysis, all aimed at optimizing investment performance in the market.

Specifically, for tracking the price of $Snek, Taptools shines by providing users with a wealth of valuable information. This includes the ability to monitor real-time data and delve into an in-depth analysis of various Cardano-based crypto coins, including $Snek.

Best platform to track SNEK coin market
Image via Taptools.io

Who is behind the $SNEK Coin?

Goofy Crisp is the creative mastermind responsible for bringing the Cardano-powered meme coin, $SNEK, to the Cardano blockchain. Within the community, Goofy Crisp has gained recognition as a prominent NFT analyst, renowned for their exceptional ability in data analysis.

$SNEK has mentioned collaborating with the renowned gaming platform in the crypto industry, Paima Studio, along with the expertise of Sebastien Guillemot.

Excitingly, the company has expressed plans to venture into the realm of centralized exchanges (CEX) by launching its own platform in the foreseeable future.

SNEK coin tokenomics

When examining the tokenomics of the $SNEK coin, it becomes apparent that the allocation strategy is rather noteworthy.

A substantial portion of the tokens, accounting for 50%, is dedicated to the esteemed Presale holders. Additionally, 40% is reserved for the initial liquidity, demonstrating their commitment to community engagement, and 2% is mentioned for airdrops, providing an opportunity for wider participation. Another 5% is allocated for utility purposes, such as farming and project development, for growth and innovation. Lastly, 3% is set aside to fulfill the requirements associated with CEX listing and other essential aspects.

The meticulous distribution plan highlights the comprehensive approach employed by the $SNEK coin.

SNEK coin tokenomics
$SNEK Tokenomics | Image via snekcoinada.com

SNEK vs PEPE: Does $SNEK have the potential to be bigger than $PEPE?

SNEK vs PEPE meme coins

$Pepe, a meme coin built on the Ethereum blockchain, has emerged as a blazing meme cryptocurrency, with an impressive market cap nearing 500 million dollars.

With the emergence of the Cardano blockchain, $Snek stands as a prominent meme coin, capturing the attention and interest of the crypto community.

The coin has become a buzzing topic within meme coin discussions, fueled by its remarkable market capitalization surpassing 100 million dollars.

Within the community, there is an abundance of speculation regarding the potential of $SNEK to surpass $PEPE.

Given the prevalent issue of high transaction fees and limited scalability on the Ethereum network, many users have expressed their reluctance toward Ethereum. As a result, they are gravitating towards the Cardano blockchain, renowned for its lower transaction fees and enhanced throughput. Notably, $SNEK stands tall as a prominent meme coin deployed on the Cardano blockchain.

It is worth noting that the strength and unwavering support of Cardano’s community is regarded as one of the most robust and dedicated in the crypto space, playing a significant role in the success of meme coins backed by community-driven initiatives.

In recent times, $SNEK has positioned itself strategically to solidify its status as one of the most significant meme coins on the Cardano blockchain.

While the majority of meme coins lack underlying utility, $SNEK sets itself apart by actively pursuing the development of a specialized centralized exchange supported by the $SNEK coin.

This unique feature distinguishes $SNEK from other meme coins within the vast crypto landscape, as it aims to provide tangible functionality and value.

Despite being a relatively recent launch, $SNEK has displayed an impressive performance. Observing its remarkable trajectory, there is clear potential for $SNEK to surpass the prominence of $PEPE in the near future.

It is fascinating to see that $SNEK has already positioned itself on becoming the 8th largest meme coin in the worldwide showcasing its rapid growth in the industry.

Final Thought

In general, meme coins serve as a gateway for users to get into the world of cryptocurrencies. The allure of these coins, fueled by hype and excitement, often attracts a surge of new crypto enthusiasts, leading to an increased understanding of the crypto world.

As a prominent meme coin built on the Cardano blockchain, $SNEK holds a unique position to explore new possibilities. Its strong foundation, coupled with an established community, opens up opportunities for innovative approaches.

The potential for $SNEK to reach new heights is further amplified if it secures listings on popular crypto exchanges like Binance and Coinbase. It would be the first non-ERC20 meme coin to make a significant impact in the crypto market.

In the days to come, $SNEK’s rapid ascent and increasing popularity solidify its position as an emerging force within the meme coin space, warranting attention and consideration in the community.

Disclaimer: This article solely reflects the author’s opinion and readers should not take it as investment advice. Buying digital assets can be risky and therefore we advise individuals to conduct extensive research before involving in such activities.

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Nima Tamang
Nima Tamang

Nima Tamang is a cryptocurrency and blockchain analyst with a keen interest in exploring the intersection of traditional finance and emerging technologies. As a regular contributor to Moneybinds.com, Nima shares insights and analysis on the latest developments in the crypto, blockchain, and NFT space, helping readers stay informed and make informed investment decisions.

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