Solana, one of the oldest and the most popular blockchain has a very serious problem to deal with. A massive influx of users, while seemingly a positive, has caused network congestion that’s harming its reputation and driving down the price of its native token, SOL. Recent weeks have been marked by frustrated users reporting failed transactions.
Network activity is always a double-edged sword. While a sign of growth and potential value for the SOL token, the current strain on Solana highlights how popularity can also overwhelm infrastructure and often expose the underlying technology. In an industry like this, which is based on tech and its different use cases, these are not good signs at all.
So, naturally, this has caused recent price gains to stall. The root of the problem you ask? A staggering 70% failure rate for non-voting transactions on the network. This backlog creates delays, fueling complaints on social media. The real culprit in this seems to be trading bot transactions, getting dropped before they even register on-chain.
These recent developments have left investors in a state of worry. While the market conditions are good to invest, putting in your money in Solana in these conditions is not a good option.
Many are of the opinion that now is the perfect opportunity for you to invest in BEFE coin- the new age meme coin. Let us check out more details about the BEFE coin.
BEFE Coin- A Potential Gold Mine?
BEFE Coin’s rise has been nothing less than a game changer in the crypto industry. Launched on November 23rd at $0.00007399, the BEFE coin rocketed to a market cap of over $33 million within a mere five months. Early investors were rewarded with a staggering 1500% gain when BEFE hit an all-time high of $0.001127.
Even in the current market correction phase, BEFE stands out. It’s trading at $0.000326, but still has an impressive return on investment for investors. Many are positive that BEFE could explode to $0.01 in the days to follow. This prediction is not surprising seeing BEFE’s recent performance and the potential it holds according experts.
According to investors, the next-gen money making Cryptos will be those which are able to add some value and provide solutions to real world problems. Coming from the Bitgert blockchain ecosystem, functionality has been a core proposition for the BEFE coin.
However, the question still remains: What’s next for BEFE’s price, and is it a smart investment?
Analyzing its history, BEFE seems capable of delivering major returns. But remember to so your own careful research and analysis before investing in BEFE or any meme coin for that matter.
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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