Meme- crypto war: Dogecoin and SHIB falter but new coin ‘Cake Monster’ soars
In the past year a veritable war has broken out among the meme cryptos. At the moment the old well-known Dogecoin and SHIB are not rising very well, but the new coin ‘Cake Monster’ is.
The year 2021 was the year of the meme cryptos. If you got in early, you could have made a lot of money. Over the past week, a large number of digital currencies have risen in price, but a range of other popular meme tokens have not fared so well. A new meme crypto called “Cake Monster” is up 112% in recent days.
Cake Monster is soaring
This new coin is rising, but Dogecoin and Shiba Inu have seen better days. Especially when Elon Musk was promoting Dogecoin, the increase was significant. In the past month, this currency has risen by 36.5 percent, but last week saw a decline of 13 percent. That other meme coin that took the world by storm is Shiba Inu (SHIB). This one even surpassed Dogecoin, as it has amassed a whopping 8,750,740 percent gains in less than 12 months. But this currency also fell by 14.8 percent last week.
But the newcomer to the market, namely Cake Monster, soared well and surpassed all other memes. In 7 days, the currency managed to gain 800 percent. Not bad!
What is it?
The crypto tokencake monster (MONSTA) has been the biggest winner of all meme assets in terms of profit. The token is up a whopping 844% in seven days and 1,550% in the past two weeks. 30-day stats show Cake Monster (MONSTA) is up 1.295% in the past month. At the moment the coin is somewhat in the min. The people behind the coin say that the defi protocol is the first to use Gravity Vaults.
Cake is deflationary and transaction fees are continuously added to the Gravity Vault. In addition, when the Gravity Vault taps 1 million MONSTA, holders can claim their coins from this defi vault. Want to know more about this coin? Check out the video below.
