ADA Peepos (FREN), a meme-based project on Cardano, has surged over 44%
ADA Peepos (FREN), a meme-based project on Cardano, has experienced a remarkable 44% surge in value within a single day amid the ongoing crypto bull market. As investors seek diverse assets, meme-based projects like FREN have gained attention, with the token leveraging the popularity of the iconic green frog meme. The FREN community, known for sharing green frog memes and referring to each other as FRENs, aims to boost the cryptocurrency’s value by expanding its user base.
This surge in FREN’s value and increased interest in its ADA Peepos NFT collection could positively impact Cardano, addressing criticisms of the blockchain’s low on-chain activity. The recent developments signal growing user engagement, reinforcing Cardano’s position as a platform with numerous projects and ongoing launches. The increased on-chain activity is seen as a positive factor for Cardano’s native cryptocurrency, ADA, which is essential for accessing applications on the network, particularly in the decentralized finance (DeFi) sector where ADA serves as a primary asset for transactions.
Note🚨: this is not a financial advice, DYOR
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