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Cryptocurrency News Articles
$CHEYENNE: A Meme Coin Poised to Outpace Its Freedom Farm Counterparts
Nov 27, 2024 at 09:30 am
Sometimes a meme coin is a chance to give back, while also chasing traditional meme-coin wealth. That's the message packaged with $CHEYENNE—a meme that, in a world of cats and dogs, is based on a horse.
A meme coin with a heart of gold, $CHEYENNE is a cryptocurrency that was created to support P'nuts Freedom Farm Sanctuary, a US-registered non-profit animal rescue in western New York.
Cheyenne was the first animal adopted at the farm, and she is a 35-year-old blind horse. She is also the last surviving animal of the four that appear on the Freedom Farm logo, and her meme coin has yet to experience the same explosive growth as the others.
But there are signs that could change, and that $CHEYENNE, at a market cap of just $23 million, could be deeply undervalued relative to the other Freedom Farm memes.
Here's why.
$CHEYENNE has a holder base that is on par with the other farm animals, but it has done so in half the time, indicating a broad awareness of the token and the opportunities it presents.
Moreover, Cheyenne is the only animal among the four that is still alive. Goat passed away and Fred the Raccoon was euthanized alongside P'nut on the same unfounded fears that he might have rabies.
Now, Cheyenne is the only one left of the four animals that appear on the Freedom Farm logo.
She spends her days wandering the farm, as active as a 35-year-old blind horse can be. For $CHEYENNE investors, that represents a potential opportunity.
Given the exploding popularity of crypto across the corporate community, companies are always looking to be relevant in the moment, and they all regularly play to causes and ad campaigns that tug at consumer heartstrings.
What better mashup than partnering with a blind, aging horse that represents not only resilience of spirit but humanity’s desire to help others in need, particularly animals?
In fact, the community of $CHEYENNE holders have contributed the most to P'nuts Freedom Farm so far, giving corporate sponsors a reason to focus on Cheyenne the horse. They know they have a built-in base of engaged consumers to whom a collaboration with Cheyenne would mean something.
There’s also opportunity in an animated, social media-based series featuring Cheyenne and her band of companions. The $CHEYENNE team has already released episode 1 on X/Twitter, and as the series progresses it promises to focus more eyeballs on the project and, at some point, could lead to sponsorship deals.
As crypt investors know, the vast majority of meme tokens survive solely on hype and community engagement. If either or both wane, interest in the token wanes and the price ultimately collapses. Only a very few meme coins have turned into something more than a meme—they’ve turned into a project with a real purpose.
$CHEYENNE is on path for the latter, and with a tiny, $23 million market cap, the token needs to 5x just to reach par with $FRED, the Freedom Farm animal with the next-lowest market cap. Even a blind horse isn’t blind to that kind of opportunity.
Find more information about Cheyenne on its official website at https://www.cheyennecto.com
Its Twitter X: https://x.com/CheyenneCTO
Its Telegram: https://t.me/CheyennePortal
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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