Memecoins are known for giving significant returns to crypto investors. Though meme coins come with a lot of volatility factors, volatility helps investors accumulate more in dips. As Bitcoin and major altcoins do not give massive returns, investors look for opportunities in meme tokens. But the issue is, which meme token should I buy now? Shiba Inu, Dogecoin, BEFE, Pepe Coin, SLER, etc. There are over 1900 meme coins listed on the CoinmarketCap website. And most of them are either dead or have no adoption or hype.
So, every investor faces a dilemma when choosing meme coins like BEFE, SLERF, and Shiba Inu. Let’s see which coin holds the potential, whether it’s Shiba Inu or newcomers like BEFE and SLERF.
BEFE:
The BEFE price has been growing during the bear cycle because of the huge attraction of the cryptocurrency market. The meme coin was launched in 2023. It was created with a focus on community engagement and brand recognition. This coin is making waves with its 606% price increase in the past year. Sure, its market cap is only $50.99 million, but that $0.0005099 price tag and $902,851 trading volume show it’s got a dedicated community and hype behind it. If that’s not all, unlike Shiba Inu and SLERF, the BEFE price has shot up 26.56% in the last 24 hours.
Shiba Inu:
The Shiba Inu coin doesn’t need any introductions. Shiba Inu is ranked second in the meme category, unlike SLERF, which is way lower. This meme coin has seen a 156.5% surge in the past year. A market cap of $16.41 billion and a trading volume of almost $1 billion. But really, everything seems good, isn’t it? Here’s the catch: Shiba Inu’s price is $0.00002785, which is just 3% in the last 24 hours, whereas BEFE is 26% up in the same duration.
SLERF:
SLERF is one of the newcomers in the meme coin market. It’s relatively new as compared to Shiba Inu and BEFE. As per SLERF, it was launched last week. With a market cap of over $307 million and 467,045,631 SLERF coins, SLERF is gradually making its mark on the top lists.
Unlike Shiba Inu, Slerf has not shown any price movement on charts. Currently, the SLERF coin is trading at $0.6154.
Looking at all factors in Shiba Inu, BEFE, and SLERF, it seems BEFE is placed at best among SLERF and Shiba Inu as of now. But it is recommended to do research before making financial decisions.
