SNEK now integrates with Rosen Bridge in a significant milestone, enhancing the memecoin’s reach and broadening adoption.
“This move enhances @Snek’s reach, liquidity, and interoperability, paving the way for broader adoption and innovative use cases,” Rosen Bridge stated on X.
Snek is a new memecoin as well as the largest token on the Cardano ecosystem.
What’s incredible about this project is how early its stage is.
An even bigger milestone for Snek would be getting listed by a large exchange.
“Snek has become the community coin and effective marketing arm of Cardano, and people absolutely love it,” says crypto trader Max Maher.
Maher believes that SNEK is one of those projects that has the potential to push Cardano (ADA) 10X it’s current price.
He tells his nearly 1 million subscribers on YouTube that Cardano has not seen as much development or adoption compared to Solana or Ethereum, primarily due to a lack of ‘narrative thrust’.
Memecoins such SNEK and even NIKE (humorously named after Cardano Founder Hoskinson’s pet pig), may have the power to disrupt the industry according to Maher.
SNEK recently proved to hold high integrity over its community when Cardano NFT project Yummi Universe rug-pulled more than 5,000 of its holders.
SNEK stepped in and airdropped every single wallet that got rugged.
“Our thoughts go out to Yummi Universe holders 😔
This is not the Cardano ecosystem we strive for.
To show our support, we will airdrop equal amounts of $SNEK to all 5,191 unique holders of the five Yummi Universe NFT collections.
7,000,000 $SNEK from our treasury will be sent to support this cause.
We must stand together.
Snek is Cardano 🐍,” the project said at the time.
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