BEFE, the meme coin king, has captivated all the headlines in the crypto market. Witnessing a bullish trend that is continuing, many believed that as for a meme coin, it’s just a bubble that would burst anytime. However, enthusiasts dived deep and noted that it is the first meme coin that holds real potential by powering the Bitgert ecosystem. With huge promises and innovative ideas, BEFE is fueled to grow more overtime.
Catalysts behind BEFE upswing
BEFE, the funny beef came into the digital market, grabbing all the attention and being trolled like other OG canines of the industry. However, on the deeper side, BEFE holds the potential to reward users interacting on the Bitgert ecosystem. Simultaneously, the meme coin king also helps users to take part in Bitgert’s governance mechanism. Being a utility token on the Bitgert chain in the guise of a meme coin, made BEFE the best option for day traders as well as savvy investors to diversify their portfolios.
Besides, talking about some recent events, the current bullish rally of BEFE is surging with the ongoing presale of the token. With notable success from its Phase 1, the meme coin king’s price has been on an upswing. Analysts have noted that the price of the project has been performing similarly to the success of the multiple phases of presale. Indeed, with all the eyes of the cryptosphere on the token, crypto coiners are closely observing the trends in the market.
With the price of BEFE achieving new milestones, there is no time to sit back and speculate on the meme coin. Analysts suggest that Dollar Cost Averaging (DCA) is one strategy that can be beneficial for institutional investors. While mitigating the risk of BEFE’s meme coin angle, we must consider the meme coin’s utility potential over the long run. Indeed, BEFE appears to be in the market for the long haul.
BEFE price on a non-stop momentum
With potential fuels, BEFE has been on an uptrend since its launch. According to CoinMarketCap, since its launch it has gained more than 700% in a very short period. Indeed, over the past 7 days, it gained more than 45%. Looking at the overall scenario, analysts noted that more than 17 technical indicators signal a bullish rally. With a fundamentally strong focus on innovation and an optimistic community, investors are capitalizing on the ongoing momentum.
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