The post The Rise of BEFE Coin: Is it the New Face of MEME Hype? appeared first on Coinpedia Fintech News
Did you know that there is a whole community of people who invest in parody coins? Yes, the meme community of the crypto world has become one of the most significant investors in the blockchain world. The BEFE coin is leading this community today by being the fastest-growing meme currency and making huge profits for investors. Not only is the BEFE coin trying to rise as a meme coin, but it has actual utility as well. Since the beginning of this year, the BEFE coin has already given huge profits to investors.
Let’s check out what is so special about this currency and why to invest in the BEFE coin to earn money from it.
The Rise of the BEFE Coin
Since 2020, the world has seen the rise of a lot of meme currencies. It has been explored that more than 10% of the meme currencies introduced are fake currencies while only 40% of the remaining currencies have actual use cases. BEFE coin is one of the meme tokens that are not just for parody, but also for real-life use cases.
BEFE coin has partnered with the Bitgert chain to allow users to reduce the burden of computation and high transaction costs. The BEFE coin can be used to ensure that there is a high transaction speed and that the crypto projects run smoothly. BEFE coin can also be earned through staking on the Bitgert chain.
The BEFE coin has gained over 30K followers on Discord since its launch and more than 50k followers on Twitter. The BEFE coin has become the new meme king but also with a lot of utilities. All such things have made BEFE, the investor’s choice for quick money.
Quick Money Through BEFE Coin
BEFE coin has engaged in the market since the December of 2023. Since the launch, the BEFE coin has already risen by over 500%, making huge profits for the investors. There is a limited supply of the BEFE coin and they are being released in phases which drives up the demand for the BEFE coin. The deflationary mechanism of the BEFE coin also helps in pushing up the pricing of the currency as the circulation reduces with the rise in demand for the BEFE coin.
BEFE coin has very strong market fundamentals as well because of the strong community backing. Since the launch, the RSI score of the BEFE coin has stayed in the green zone. It indicates that there is a positive buying sentiment in the market for BEFE coins. The trading volume and moving average of the BEFE coin are also on the positive side, indicating a buying pressure in the market.
Conclusion
The BEFE coin is predicted to be rising at a rapid rate in the coming days. According to the analysts, BEFE is the first currency in the market which is made for parody but has a lot of utilities too. The predictions for the BEFE coin state that it may rise by over 800% in the coming days. So, this is the best time to look into meme currencies and make quick money with BEFE coin to make your portfolio diverse and profitable.