The dynamic and exciting world of cryptocurrencies never stops surprising market participants, be it investors or blockchain developers. Despite its volatile and turbulent nature, traders and investors keep coming back to the crypto market because it offers unique investment options catered to the requirements of institutional investors as well as retail traders.
Seasoned investors usually prefer to invest in mainstream cryptocurrencies that are well known and have been around for several years. However, there are those willing to bet on underdogs in a bid to enjoy exponential returns on their investments. Let’s take a look at a similar instance, where memecoin investors prefer the BEFE token over Shiba Inu (SHIB).
BEFE To Dethrone Shiba Inu?
BEFE, the memecoin launched by the visionary BEFE crypto project, has become the talk of the crypto meme space in just three months out its launch. Despite being an early stage memecoin, BEFE has managed to catch the attention of crypto analysts and enthusiasts. Part of the reason for the increased interest in BEFE is its performance over the past three months.
Data from CoinMarketCap shows that BEFE outperformed SHIB over the past four weeks, with the underdog returning over 34% to investors, compared to SHIB’s modest returns of 6.6%. A quick analysis of BEFE’s technical indicators further revealed that the memecoin is poised for a rally in the near future.
New Memecoin King In Town
All crypto analysts and enthusiasts would agree that initial adoption of a memecoin and investors’ confidence in the project is a significant indicator of the project’s sustainability and success. Historical data shows that BEFE has been outperforming SHIB since its launch back in November 2023.
Within the first five weeks of its launch, BEFE managed to secure a maximum daily trading volume of a whopping $2.34 million. Meanwhile SHIB was only able to reach a maximum daily trading volume of $193,097 during the same period. This alone should give investors an insight into BEFE’s potential to overtake Shiba Inu.
Another reason why investors continue to choose BEFE over Shiba Inu is the meme factor. Relevance in terms of online traction via memes is arguably the biggest strength of memecoins. Given that BEFE came out more recently, its meme worthiness is much more relevant to today’s online trends as compared to that of Shiba Inu.
The Most Meme-Worthy Crypto
The BEFE crypto project also distinguished its memecoin from others in the crypto space by bringing it to the market via a fair launch. By omitting pre-sales and allocations, the visionary team behind BEFE ensured equal distribution of their memecoins. Investors were further pleased by BEFE’s zero tax on transactions, making it a favorable choice over SHIB.
BEFE also offers a fresh alternative to potential memecoin investors, bringing a meme-worthy token that is much more relevant to the latest online trends. The BEFE crypto project has painted the picture of a glorious memecoin era, one that has no place for tokens like SHIB.
Find Out More Here:
Website: befetoken.com
Telegram: t.me/befetoken
Twitter: twitter.com/befetoken
