Is the Snek Meme currency is a smart investment before it is included in Kraken?

There are ongoing exciting developments as SNEK is scheduled to be included in Kaken, which is a prominent encrypted currency exchange. Although Kraken is not considered a first -level stock exchange like Coinbase or Binance, this decision is an important step forward for both SNEK and the broader Cardano.

The Kraken menu includes 23 coins, which stands out by $ Snek along with other unique symbols, showing the increasing recognition of the nimexial currencies in the world of encrypted currencies. This insertion is not just a boost for SNEK but also a vital step for Cardano’s ecosystem, which was suffering from liquidity problems.

The Cardano network has not witnessed after the inclusion of many of its distinctive symbols on the main stock exchanges, forcing users to rely heavily on decentralized stock exchanges (Dexs). SNEK can provide Kraken, especially with a potential trading pair of US dollar, the intensity of the need and attracts more traders residing in the United States to the environmental Cardano system.

$ Lisssted will be on @Krakinfix pic.twitter.com/zoy7exafxq

– Snick (@ Senik) January 23, 2025

Moreover, the expected addition to USDC to platforms like Minswap enhances environmental system functions, allowing smoother trading and encouraging adoption on a wider scale.

With Kraken leadership, there is a possibility for other main stock exchanges, such as Coinbase and Binance, to follow its example, which paves the way for more distinctive cardano to enter the main markets.

This achievement not only highlights the increasing attraction of $ SNEK, but also indicates a promising future for Cardano as it continues to enhance its infrastructure, including promotions like Hydra, to improve the user experience. As liquidity and accessibility increased, the entire ecosystem will benefit from this penetration.

Expect the price of $ SNEK

At the time of writing this report, the price of SNEK was $ 0.00682 USD and has increased by 18 % during the past seven days, reflecting the increasing interest of investors. With approximately 100% of the supply with the minimum additional symbols that will be released, the symbolic Snek economy is seen as a positive factor for its long -term growth capabilities.

SNEK is currently trading above its simple moving average for 50 days (SMA) at $ 0.00636 and its simple moving average for 200 days at 0.00264 USD. SNEK RSI is located in a period of 14 days at 52.60, indicating that SNEK is currently neutral.

The currency has shown strong cohesion since June 2024, after a significant rise, indicating stability before the potential upward movement.

Market experts expect SNEK to aim to achieve a market value of $ 750 million, supported by the upscale feelings of the broader encrypted currency market, which is currently an evaluation of $ 3.59 trillion.

While SNEK has not yet been included in the largest central stock exchanges, most of its trading volume comes from the second level platforms, leaving an expansion room.

With the general expectations of the market remained, SNEK $ can achieve noticeable returns, especially for those compatible with the growth led by society and the attractiveness of the meme currencies.

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