The Rise of BEFE Coin: April’s Crypto Trend Captivates Investors
In Brief
BEFE was launched in November 2023 which makes this the first bull cycle for BEFE. Memecoins in their first bull cycle can go 100x in a shorter timespan earlier in their moonshot journey. It can also be earned by staking $BRISE from the Bitgert ecosystem
Bitcoin has already crossed its all-time high(ATH) a month before the halving event which makes the event all the more exciting. The demand-supply imbalance post the halving is in favor of a price rise, and the anticipation for that will bring in fresh capital in the crypto market. The broader crypto markets historically have seen a price correlation with Bitcoin so some of this fresh capital will flow into the rest of the crypto market. Traders looking to get bigger gains have been speculating around meme coins and this time the hype around memecoins is more pronounced than in previous cycles. One such coin whose rise coming into April has not gone unnoticed is BEFE.
Why are traders buying into BEFE?
When traders look for a good memecoin to bet on there are several factors to consider. Things like whether this is the first bull cycle for the token or not, does it takes advantage of the network effects of other tokens and its performance coming into the cycle. BEFE was launched in November 2023 which makes this the first bull cycle for BEFE. Memecoins in their first bull cycle can go 100x in a shorter timespan earlier in their moonshot journey. It can also be earned by staking $BRISE from the Bitgert ecosystem. Integration with an up-and-coming ecosystem adds more visibility to BEFE. The current price is 265.38% higher than the all-time low price and it also peaked at $0.0006589 in March. In comparison, BEFE stood at $0.00029927 at the end of February. BEFE has also seen healthy transaction volume in March. All these factors have made BEFE catch the attention of traders.
What does the future look like for BEFE?
The trajectory of BEFE has been similar to the trajectory of the winning memecoin projects of the last cycle. A strong track record coming into April makes BEFE a strong contender to be one of this bull cycle’s winners. It’s challenging to find a memecoin before everybody starts talking about it. BEFE is at that stage where it has been able to cultivate a community that is impressed by its performance. They have started to create hype around it which could send BEFE to the moon any time now. With a positive market sentiment around crypto currently and Bitcoin halving in 18 days, there is a small window to get into BEFE before things become uncertain. “Ape first, Research later” is the standard degen advice before getting into memecoins, but it is still advisable to DYOR.
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
