BEFE – the newest meme coin in the market
BEFE coin was launched in November 2023. It is inspired by the internet’s favourite playful green frog.
Even though it is a new player in the meme coin category, its growth rate and popularity have exceeded those of all other coins in its category, like Dogecoin and Shiba Inu. Since its launch, it has shown significant growth of nearly 600%. Can this be a sign of genuine potential?
Let’s see:
- Growth: BEFE has seen significant growth, with a near 600% increase since launch and a 30% surge in February 2024 alone. This surpasses established meme coins like Dogecoin and Shiba Inu.
- Community: It has a strong and active community contributing to its growth.
- Technology: Unlike many coins, BEFE utilizes a dual blockchain model offering benefits like scalability and security. It has Ethereum’s established DeFi ecosystem, which allows users to explore various decentralized finance opportunities with their BEFE tokens.
- Transaction Fees: BEFE boasts zero transaction fees, which can appeal to users seeking to avoid additional costs when trading or transferring tokens.
What can we expect from BEFE?
Let’s understand which way this new coin could go. For this, we gathered some facts about other meme coins that have been around for a long time.
- In 2022, Terra Luna made a big comeback. Its price shot up by more than 200%, making Luna Classic from a struggling asset into a profitable one. Trade volumes reached over $1.7 billion, showing low-priced coins can surprise holders with big returns.
- When it got listed on Binance, Axelar’s AXL token jumped $1.49 to $2.73, showing an increase of 81%. This was a big deal for Axelar. Axelar joined forces with Ripple to simplify the collaboration between various blockchains, with the goal of greater growth and better use of blockchain technology. This caused a stir among Binance traders, leading to significant price fluctuations for the token.
When we examine the backgrounds and histories of these coins, we can see a similar pattern for each of their growth. However, the stability of growth differs from coin to coin.
Each of the meme coins has the potential to garner a lot of community support to gain popularity. But to maintain their popularity, new coins like BEFE must follow the steps of older and stabler coins like doge coins to release new tech and keep the community entertained. If it does, then, as per a few analysts, it has the potential to grow by more than 1,000,000%.
To know more about BEFE, Visit https://befetoken.com
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