BEFE Coin, a meme coin that has found a cut over every primary chart, is now shaking the top 100 meme coin markets. It has an endearing yet serious-in-potential nature that seems to appeal to a growing community of investors and enthusiasts. Let’s explore the BEFE ecosystem and what makes it so different from other meme coins.
All About BEFE’s Ascend
BEFE is a meme coin that aims to bring back the golden era of cryptocurrencies focused on memes. It has been nicknamed as the “ultimate meme king.” The whole volume of BEFE on the Ethereum and BNB Chain networks is 100 billion tokens, with no presale and no fees or taxes. On May 21, 2024, the selling price of the BEFE token increased by 16.5% to $0.0001153, with an average daily trading volume of $294,415 and an estimated market value of around $11 million. In December of last year, it reached an all-time peak of $0.001128. PancakeSwap, Uniswap, MEXC, Gate.io, and AscendEX all provide BEFE. On MEXC, the most frequently traded combination is BEFE/USDT.
Where Does BEFE Stand vs. Top Contenders?
Compared to many other meme coins overall, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), BEFE emerges in a completely different light, especially given the fact that it’s been around for only 6.2 months. The growth of the coin is incredible, with the price going up 33% in the last 24 hours and growing by 35.02% in the last seven days, which beats the growth of both DOGE, which marked 7.65%, SHIB, which grew by 6.30%, and also PEPE which noted a 24-hour growth of 18.63%. Currently, BEFE does not match its more established fellows in the category of market presence, with 5 markets, 3 exchanges, and 4 trading pairs. With the young age of BEFE, this in itself might be seen as an opportunity in the making if the traction and, hence, the number of investors go up. There is overall a good indicator of BEFE’s growing popularity and potential for aggregation. Just as BEFE garners more interest from investors, the trading volume will most probably go up, cementing its place well within the meme market.
Conclusion
Online publications have set extremely high price objectives for BEFE; some even claim investors may gain $200,000 with a $100 investment. However, this kind of sensationalism needs to be regarded with caution. BEFE, due to its nascency, is still a highly speculative meme token, and before investing, one should, like with any other cryptocurrency, thoroughly investigate the project and the dangers associated with it.
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