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Cryptocurrencies continue to captivate investors and enthusiasts worldwide, offering opportunities for financial innovation, decentralized applications, and transformative possibilities across various industries.

While Shiba Inu (SHIB) struggles due to a liquidity crisis and low total value locked (TVL), hindering upward momentum, Binance Coin (BNB) shows promise with the expansion of Binance Smart Chain (BSC). Excitement builds for Caged Beasts (BEASTS) presale, featuring new beasts and a referral program for additional BEASTS tokens.

Despite the volatile nature of the cryptocurrency market, Shiba Inu (SHIB), a well-known meme coin, is struggling to gain consistent upward momentum. This is primarily due to a liquidity crisis, TVL, and unappealing annual percentage yield (APY) offered by liquidity pools, all of which indicate a lack of demand for SHIB as a liquidity provider (LP).

The liquidity crisis of SHIB is evident in the limited volume of tradable tokens, compromising the assets stability and discouraging potential investors while causing existing holders to reconsider their stakes. This stagnant state presents a significant obstacle to SHIBs price growth.

Additionally, the low TVL of SHIB raises concerns. TVL represents the total assets staked in a cryptocurrencys network or DeFi protocol. A low TVL signifies reduced activity on the network, which is often interpreted as a lack of investor trust in the assets potential for generating yield.

This lack of activity deters new investors and suppresses SHIBs price growth. Furthermore, the unimpressive APYs offered by various liquidity pools compound the problem. With below-average returns, liquidity providers lack the incentive to stake SHIB in DeFi pools.

The performance of BSC has always correlated directly with the price trend of Binance. As more projects choose BSC for its efficiency and cost-effectiveness, the demand for BNB naturally increases, providing a solid foundation for its price. This effect is particularly notable in the DeFi sector, where BSC projects like PancakeSwap dominate the market and drive BNB to new heights. The rapid expansion of BSC showcases the adaptability and versatility of the Binance ecosystem.

As the network continues to grow, it creates a thriving environment that may result in a significant price increase for BNB. Given the current market conditions, an 11% price surge could be on the horizon. Despite trading at a 75-day low, the strengthening Binance ecosystem has the potential to fuel a bullish comeback. Traders and investors should closely monitor the movement of BNB in the upcoming days, as a sudden trend reversal could spark a new rally.

Caged Beasts (BEASTS), an upcoming meme coin project, is generating immense excitement within the cryptocurrency community as it prepares for its highly anticipated presale. This presale has the potential to become one of the standout events of the year, expected to unfold rapidly. The project aims to prioritise both community involvement and utility, offering users the thrilling elements typically associated with meme coins.

Caged Beasts presale stands out with its distinct offering of unveiling a new beast at each stage. This pioneering feature is expected to have a profound impact by increasing the value, capturing attention, and igniting excitement for the coin, thereby creating a vibrant community buzz throughout the process. In addition to this enticing aspect, Caged Beasts presents investors with an opportunity to earn free cryptocurrency and passive income through its referral program during the presale.

The referral program enables users to create their own referral codes, which they can distribute to anyone they choose. When a referred user makes a deposit in ETH, BNB, or USDT, utilising the referral code, both the referrer and the referred investor will receive a bonus of 20% extra BEASTS tokens.

This innovative program fosters an interactive and mutually beneficial environment for all participants involved. Register yourself on the website to avail all the presale benefits and updates.

Website: https://cagedbeasts.com

Twitter: https://twitter.com/CAGED_BEASTS

Telegram: https://t.me/CAGEDBEASTS

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Top Crypto Presale To Invest in 2023 - Analytics Insight