In the current bull run, meme coins are taking charge. Other than the OG meme coins like Dogecoin, Shiba Inu, etc, newly launched coins like Millady, Pepe and BEFE coins are also in the game of returns. In this regard, the price of beef skyrockets by +20%. Experts suggest this rise may be due to its recent presale as well as new listings on 3 news exchanges as mentioned by BEFE on their official X account.
Now, let us see how these changes may affect the coin’s future growth and how it will affect retail investors and traders.
What is BEFE coin?
Blockchain Ecosystem for Everyone ( BEFE) launched in November 2023, humor alone is not the trademark for the coin. It is a unique combination of fun-packed memes, and community support with over 52K members. Moreover, BEFE is used as a reward for staking Bitgert which is a unique USP for meme coins. The coin is setting parameters for affordability with zero gas fees along with high scalability and user-friendliness. Hence, retail investors are crazy over the coin.
Is BEFE viable for short-term gains or HODL?
Whether you want to gain significantly high short-term gains or hold on to BEFE for lifelong, the worthwhile question is: will BEFE continue its growth trajectory?
The current market scenario seems favorable for this growth, especially with the presale to launch BEFE on SOL exchange, the demand for BEFE is at an all-time high! This is evident from the fact that phase 1 of presale crossed its soft capitalization of $10,000 price in just 29 minutes!
As of March 29, 2024, the RSI of BEFE is neutral with a value of 84.97 and moving averages show a strong buy with 7 indicators showing buy and only 1 indicating sales as per trading view. Also, it has shown over 500% growth in just 4 months after its initial launch. Its immense popularity can be seen from the fact that its trading volume is already at 463, 932. Hence, analysts suggest that it can grow significantly from its current price of $0.00054. It can grow 10X, 100X or even 1000X, the possibilities are endless!
Conclusion
BEFE is now on a journey to success. Analysts predict that it can be a life-changing investment based on its exceptional track record. But, meme coins are prone to volatility. So, remember to DYOR before investing.
To know more about BEFE, Visit https://befetoken.com
