March 2024 appeared as a boon for the crypto market, with Bitcoin finally breaking the winter curse and taking everyone into the bullish zone. This sudden shift in the market scenario has also brought massive changes in the meme market. While OG coins are still struggling to break out from saturation, BEFE is out there rising up and beyond.
BEFE’s Upcoming Rise
BEFE has been performing quite well in March. However, there are other reasons beyond the rise of BTC and ETH that contributed to this surge.
The coin’s presale event and announcement of launching it on the SOL chain has created havoc in the meme market. Due to this, the crypto experts and analysts are predicting an overall rise of more than 800% in the upcoming month. In fact, the Coincodex analysis clearly states that BEFE has a fear and greed index score of 71, which falls under the “Greed” category. On top of that, its 14-day RSI factor is at 67.49, indicating that the coin is overbought, whereas the 30-day volatility percentile is at 11.59%. All these factors contribute to the coin’s upcoming bullish rise, the results of which might appear soon.
How Much Profit Is Too Much BEFE Profit?
How much profit a $100 investment in BEFE can provide? Looking at the coin’s current market value, i.e., on April 3, 2024, is $0.0004524, showing a slight fall of 0.26% in the past 24 hours. A $100 investment in BEFE right now will give 220831.3817 coins. If the coin’s value crosses the much-awaited $0.01 mark, the 220831.3817 BEFE coins will provide a return of $2208.313. However, the coin’s volatile percentile is on the higher side, which means the values can change in an instant and provide higher returns than expected.
BEFE’s Current Performance
As stated above, BEFE is currently experiencing a slight dip as per past 24 hours value. The coin’s weekly and monthly stats are also in the red zone, with a percentile of 8.68% and 3.16%, respectively. Though the percentile is not far below, experts are hoping that BEFE will rise significantly after April 10, 2024, the day when it will be launched on the SOL chain. The overall performance of BEFE is looking good, with a hike of 527.25%, which is pretty great for a coin that was launched just four months back.
However, it is better to wait and observe the potential of BEFE instead of hastily taking investment decisions based on past values.
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