BEFE has been the hottest cryptocurrency meme coin of the week. It has seen growth and buzz like never before. On the 8th of April, it grew 280% on Raydium.
What is driving this ascent?
Let’s clearly understand this mystery:
1. Tokenomics
BEFE has strategically allocated 30% of its tokens to manage the liquidity on various exchanges. Additionally it has reserved another 30% for future presales. These are definitely the potential game changers for BEFE. With the 100 billion coins (its total supply) and these reservations, the BEFE team can effectively manage the growth rate during slumps.
This shows that the team is really serious and forward-thinking in achieving a stable growth rate for its coin, which will help them instill confidence in their investors in the future.
2. Price growth
Early last month, the BEFE coin experienced a sudden rise of nearly 55% within 12 hours, followed by an 88.5% increase over the next few days. This sudden price movement drew the attention of investors. On top of that, every day, BEFE is hitting an average volume of over $450,000. This is approximately 1% of its market capitalization every single day!! Crazy buzz!
3. Presale impact
The opening $0.01 presale phase sold out hours after going live, raising $10,000. BEFE buyers showed similar interest in its subsequent phases at $0.02, $0.04, and $0.055 respectively.
Currently, phase 5 has just concluded and was priced at $0.075. The buzz around this has heavily affected the BEFE project’s buzz.
4. Comparison with competing meme coins
Dogwifhat (WIF), BEFE’s direct competitor, seems to be losing the race with BEFE despite touching the $4 mark and securing the spot of the third-largest meme coin. The forecast in CoinCodex predicts that WIF could trade between $9 and $17.43 in the indices by 2025. This is a return of just 300% in 20 months. But BEFE is predicted to reach a return mark of over 1700% in the next week itself!
What should you do next?
If all of these updates were not it, then BEFE’s listing on Citex will just change everything. On top of this, the team has also announced that 2 more exchanges are up this month. These new avenues make BEFE more accessible to a broader audience of traders. This has also helped it rise in overall trading volume and spiking its price.
That is probably why news like this is trending:
So, what are you waiting for? DYOR and get investing!
To know more about BEFE, Visit https://befetoken.com
Buy BEFE coin from the below exchanges now!
Buy on Gate.io – BEFE/USDT
Buy on MEXC – BEFE/USDT
Buy on Pancakeswap
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