SNUKE Meme Coin has become a searchable topic among traders for its presale success. Can SNUKE coin be the next HUMP? Investors repeatedly asked these questions to know whether buying $SNUKE would be the right decision.
Besides, many meme investors are looking for an alternative meme coin on the Solana blockchain that could give a good return. However, without deep study, we can’t predict how profitable the SNUKE meme coin would be.
Are you interested in whether SNUKE outperforms BOME, SLERF, SLOT, and WIF? If the answer is yes, then you are in the right article.
This article details SNUKE crypto, which helps you make investment decisions.
Let’s start with the following.
Key takeaways
- SNUKE is a meme coin on the Solana blockchain.
- SNUKE crypto featured South Park & brings humor & crypto concepts together.
- SNUKE token has the potential to be profitable due to the Solana ecosystem.
- With Solana, SNUKE can perform fast transactions at a lower cost.
- The core objective of SNUKE is to be a community-centric crypto.
What is SNUKE?
SNUKE is a Solana-based meme coin that featured the popular TV show “South Park.” Its native token is $SNUKE & the prime objective is building a strong community by combining comedy & crypto. SNUKE could perform faster transactions with security due to the Solana blockchain.
What are the details of the $SNUKE Presale?
The important part of the $SNUKE presale is that there is no maximum or minimum purchase requirement. So, you have your own choice to buy. The $SNUKE presale will last for 25 days, or it could end if they reach their hardcap point.
Below are the other details on the SNUKE presale.
| Presale factors | Details |
| Token price | 0.000005 SOL |
| Presale allocation | 600,000,000 tokens (60% of total) |
| Total raised | 304.94 SOL |
| Total token supply | 1,000,000,000 |
Should you invest in $SNUKE?
Investing in crypto requires a detailed study of the project. Let’s analyze the different features of SNUKE and decide whether to buy it.
- Pre-Sale mechanism
The SNUKE management team implemented a smart token presale allocation plan. SNUKE has a total of 1 billion tokens and allows 60% for presale. Meme coin has a positive trend, so getting users would not be difficult for $SNUKE.
Moreover, it will create brand awareness, which ultimately raises the token prices. So, $SNUKE could match the performance of BOME, SLERF, SLOT, and DogWifHat.
- Liquidity
Liquid money plays a significant role in crypto projects. Before investing, traders want to know about project sustainability. The $SNUKE project allocated 25% tokens for Liquidity, which assures us of long-term sustainability.
If you are a newbie in crypto, asking how allocation tokens for liquidity help the SNUKE project is expected.
You often see a fluctuation line on the crypto price chart. Have you ever wondered why this fluctuation occurs? A sudden external funding hike instantly increases the token price, and similarly, any negative hype or fund shortage decreases the price. Outperformance influences more buyers to invest, and the dead price line demotivates equally.
In professional terms, outperformance makes a bullish buyer, and dead price performance makes a bearish buyer. For any type of crypto, balancing investors’ expectations is one of the crucial factors that determines the project’s profitability.
So, funds coming from 25% tokens will serve the SNUKE project to balance the investor’s expectations.
- Marketing approach
Meme crypto without hardcore Marketing is like a ship without a rudder. Marketing helps to build market sentiment for meme coins among people who are influenced to buy more tokens. The backing of influencers and famous personalities on social media can skyrocket the $SNUKE price. Marketing also creates an online brand that could bring more buyers.
The $SNUKE project allocated 10% of the token for Marketing and publicity, which is a smart approach to catching the market trend.
- Team spirit
The profitability of a crypto project depends on the contribution of the core team. Crypto is an innovative investment where changes come fast. So, adding cutting-edge technology and themes is a precondition for long-term sustainability. The SNUKE project allocated 5% tokens for team members, which is a unique approach.
- Free transaction
One good approach is zero tax to process crypto transactions, which definitely hikes profit. The project also adopted the LP burnt and mint revoked mechanism, which could be a game changer for SNUKE investors.
In short, SNUKE has many unique features that suggest buying crypto. However, we can’t be bullish about SNUKE as an alternative to BOME, SLERF, SLOT, and DogWifHat due to the lack of historical data.
How To Buy $SNUKE meme Coin?
You can buy $SNUKE by following some simple steps. Below are the details.
- Step 1: Wallet
First, you need to set up a Solana wallet using any reliable wallet such as Phantom, Solflare, or Trust Wallet. This wallet will help you to store $SNUKE coins.
- Step 2: Buy Solana
Buy $SOL from any crypto platform, such as Binance, Coinbase, Kraken, or Kucoin.
- Step 3: Transfer $SOL to Wallet
Now you need to send $SOL to your wallet, i.e., Solana wallet
- Step 4: Visit the Presale Page
Send $SOL to the presale address (it’s on the webpage), and your tokens will be airdropped to your wallet at the end of the presale.
Concluding Thought
The presale success (raised more than 300 $SOL according to the article writing date) of SNUKE suggests a buy crypto. It captures fun & crypto which could influence those meme investors who love meme crypto with fun story.
However, SNUKE lacks past performance data, and 60% of tokens are in presale, which makes me bearish on its future performance. More than 50% of presale tokens could disadvantage new traders. This presale would give existing buyers more controlling power, which could lead to price manipulation after the public launch.
The standard presale range is 20% to 30% & remaining 70 to 80% for public investors.
However, SNUKE is on the Solana blockchain, so anything could happen. Overall, it shows a 50% bullish and 50% bearish sentiment.
Frequently Asked Questions (FAQ)
Is SNUKE enlisted with Raydium?
No. No data tells us that SNUKE has listed with Raydium. However, for their presale site, we have informed that SNUKE is planning to enlist with Raydium & other Solana-based DEXs
Disclaimer
This is not a Sponsored post & the purpose of this article is only education. By reading this, you agree that the information of this blog article is not crypto investing advice. Do your own research before making any financial decision. Therefore, if you lost any money, FinanceIdeas.org will not be liable for this.
