BEFE Coin is making waves in that meme coin market, quickly finding its way into the top 100. With this new entrant, the town is abuzz as it captures the gaze of the crypto community. Let’s dive deeper into how BEFE operates and discover the secret behind this altcoin’s success.
The Fundamentals of BEFE
BEFE is a meme coin trying to revive the glory days of meme-centric altcoins, deemed the “ultimate meme king.” No presale, zero tax, and a huge supply of 100 billion tokens is the total supply of BEFE on both the Ethereum and BNB Chain networks. The price of the BEFE token has soared by 16.5% to $0.0001153 on May 21, 2024, whereas the market capitalization is around $11 million and the 24-hour trading volume of $294,415. It touched a record high of $0.001128 last December. BEFE is available on PancakeSwap, Uniswap, MEXC, Gate.io, and AscendEX. The BEFE/USDT pair is the most active on MEXC. On the Solana Network, there is a variant of BEFE known as SBEFE, but the total supply is only at 1 billion tokens.
Comparing BEFE vs. DOGE, SHIB, PEPE
Comparing BEFE with other top meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), one will easily note that the former has been around for a very short time. Yet in its young 6.2-month life, BEFE has been impressive, showing 33% growth in the last 24 hours and 35.02% for the past seven days. Milder gains were recorded during the previous 24 hours of 7.65%, 6.30%, and 18.63% for DOGE, SHIB, and PEPE, respectively. Its market presence is evidently way smaller than that of its more established rivals: DOGE has 309 markets, 119 exchanges, and 143 trading pairs, while SHIB has 163 markets, 98 exchanges, and 49 pairs. PEPE is a bit closer to BEFE in terms of age, at 1.1 years, standing with 74 markets, 55 exchanges, and 19 pairs.
Market cap was recorded at $10.9 million for BEFE, while it is $21.54 billion for DOGE, $14.90 billion for SHIB, and $4.50 billion for PEPE. BEFE’s 24-hour trading volume of $208.71 thousand is vastly smaller compared to DOGE’s $1.35 billion, SHIB’s $692.63 million, and PEPE’s $1.57 billion. While BEFE’s liquidity pressure still shows a relatively balanced order book of 0.9750 at ±2%, SHIB is just a little better at 0.9967, and PEPE has a lower liquidity pressure at 0.8764. DOGE’s liquidity pressure stands higher at 1.0240. For supply, BEFE commands a total supply of 99.999 billion tokens, with DOGE at 132.670 billion, SHIB at 589.520 trillion, and PEPE at 413.772 trillion, with a max supply of 420.690 trillion and 98.35% of the supply issued.
Is BEFE Investment Worthy?
Some online articles have placed very high price targets for BEFE— some stating you could make $200,000 from a $100 investment — but that sort of sensationalism should be taken with a pinch of salt. BEFE is indeed a very speculative meme token, and just like any other crypto, a proper amount of research should be done on the project and the risks involved before investing.
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