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Home»Security»How $CHEYENNE is gaining traction in the Memecoin market and drawing parallels to Freedom Farm
Security

How $CHEYENNE is gaining traction in the Memecoin market and drawing parallels to Freedom Farm

November 27, 2024No Comments
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Sometimes a meme coin is a chance to give back, while still seeking the traditional richness of meme coins.
This is the message provided with $CHEYENNE-a meme that, in a world of cats and dogs, is based on a horse.

Not just any horse, of course, but a 35-year-old blind horse who was the first animal adopted into what has become one of America’s best-known animal rescue shelters: P’nuts Freedom Farm Sanctuary.

The farm, a U.S.-registered nonprofit organization located in Western New York, was built as a sanctuary for animals in need of a permanent home. He went viral thanks to his namesake, P’nut the squirrel, who became a social media star before New York state euthanized him due to unfounded fears that he might carry rabies .

The global popularity of P’nuts not only generated donations for the upkeep of the farm, but it also gave rise to a coin, PNUT, whose value exploded to more than $1.1 billion .

P’nut, however, wasn’t the only animal on the farm. He had siblings, including a goat, a raccoon, and a horse named Cheyenne. Each of these animals spawned its own coins: $FRED, for Fred the First Convicted Raccoon; $GOAT, for Goatseus Maximus; and $CHEYENNE.

$PNUT, $FRED and $GOAT generated a value between $125 million and $1.1 billion, but for Cheyenne, the first animal to live on the farm but the last animal commemorated by a coin, did not not yet moved so spectacularly.

This could change as there are signs that imply $CHEYENNEwith a market cap of just $23 million, could be deeply undervalued compared to other Freedom Farm memes and compared to the opportunities that exist for the real-world Cheyenne.
As such, $CHEYENNE could surpass all other animals in terms of investment opportunities.

At just over 40,000 holders, $CHEYENNE’s holder base has reached a level comparable to other farm animals, but it did so in half the time, indicating broad take-up. awareness of the token and the opportunities it represents.

Additionally, Cheyenne is the only animal among the four still alive. Goat died and Fred the raccoon was euthanized alongside P’nut over the same unfounded fears that he might have rabies.

Now, Cheyenne is the only one remaining of the four animals that make up the Freedom Farm logo.


She spends her days as active as a 35-year-old blind horse can be. For $CHEYENNE investors, this represents a potential opportunity: real-world collaborations that could increase awareness of the token and, thus, drive the price significantly higher.

Given the growing popularity of crypto within the business community, given the global awareness of bitcoin’s race to $100,000 and the focus on crypto, and given that Madison Avenue (the advertising capital of the world) is always looking for new ways to attract the all-important 18-35 year old segment of the population, a partnership with Cheyenne could be a big win.

Companies are always looking to be relevant in the moment, and they regularly champion causes and advertising campaigns that touch consumers’ hearts. What better combination than partnering with a blind, aging horse who represents not only the resilience of the spirit but also humanity’s desire to help others in need, especially animals?

In fact, the community of $CHEYENNE These are the holders who have contributed the most to P’nuts Freedom Farm thus far, giving sponsors a reason to focus on the Cheyenne horse. They know they have a built-in base of engaged consumers for whom a collaboration with Cheyenne would mean something.

There is also an opportunity in a social media-based animated series featuring Cheyenne and her group of companions. THE $CHEYENNE The team has already released Episode 1 on X/Twitter, and as the series progresses, it promises to focus more attention on the project and, at some point, could lead to sponsorship deals.

As cryptocurrency investors know, the vast majority of meme tokens survive solely on hype and community engagement. If one or both declines, interest in the token wanes and the price eventually collapses. Only a very few meme coins have turned into something more than a meme: they have turned into a project with a real purpose.

$CHEYENNE is on track for the latter, and with a tiny market cap of $23 million, the token needs to grow 5x just to reach parity with $FRED, Freedom Farm’s pet with the largest market cap. next lowest. Even a blind horse is not blind to this kind of opportunity.

Find more information about Cheyenne on its official website at https://www.cheyennecto.com
Twitter X: https://x.com/CheyenneCTO
Telegram:
https://t.me/CheyennePortal

Disclaimer: The information provided in this press release does not constitute an investment solicitation nor is it intended to constitute investment advice, financial advice or trading advice. It is strongly recommended that you perform due diligence, including consulting a professional financial advisor, before investing in or trading cryptocurrencies and securities.



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