BEFE is one of the very few meme coins that has never failed to awe the crypto community. Since its launch, this meme coin has produced massive returns for investors. And it’s not showing any signs of slowing down. BEFE’s price spiked by around 20% in the last 24 hours.
But what is driving this price hike? Is this pointing towards a potential explosion in the coming days? Let’s find out.
BEFE: An Overview
Aka the crypto meme king, BEFE was launched in 2023 without any presales or taxes. This meme coin has a lot of potential for growth, thanks to the unique marketing techniques its makers have leveraged and a loyal community.
Riding around $0.0005689 (29th March 2024), BEFE is listed on PancakeSwap, MEXC, Gate.io, Biconomy Exchange, AscendEX, and Uniswap.
BEFE’s Presale Event Potentially Behind the Surge
One of the most crucial factors behind the coin’s growth is the hype around its presale event. BEFE’s team has planned 20 presale phases, of which four have been a huge success. The opening Phase was instantly sold out at $0.01, followed by Phases 2, 3 and 4 at $0.02, $0.04, and $0.055, respectively. This shows how optimistic the buyers are.
Presently, the retail investors have their eyes peeled for Phase 5 of the presale, which is ongoing at $0.075.
Experts Sound Positive
In addition to the approximate 20% hike in a single day, BEFE managed to achieve a 40% surge in the past week. Plus, the coin’s price has jumped by over 680% since its launch. Considering the consistent growth of this meme coin, along with the hype around the presale event, BEFE could be in for something big.
Not long ago, Andrew Kang, who’s a co-founder of crypto-focused venture capital firm Mechanism Capital and crypto trader, stated that meme coins are going to surpass other digital assets in terms of growth. And BEFE is hell-bent on making the prediction true.
Wrapping Up
There are tons of positives associated with the BEFE coin. For starters, it charges zero gas fees and processes transactions at high speed while ensuring security. Also, BEFE offers incentives to its investors and plans to create a DeFi ecosystem to increase the overall utility of the coin.
While almost all investors would be tempted to invest in the meme coin, it’s always better to exercise some caution.
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