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The most anticipated event of the cryptocurrency industry, Bitcoin halving is just 20 days away and everyone is bullish currently. In this market, a new coin is emerging and gaining attention from potential investors. BEFE coin is a meme coin that started as a light-hearted joke that is now surpassing other derivative coins like PEPE, DOggy, ShibFloki, and DOge Inu.
With a self-reported market capitalization of $48,542,524, the BEFE coin saw a recent price surge by 45%, investors are wondering whether this coin could be the next 1000X gem in the crypto market or not?
Traits of BEFE Coin to be The Next 1000X Gem
BEFE coin is here to bring back the golden days of meme coins. It was launched with no presale and has zero taxes. BEFE coin has seen a staggering growth of 565% since its launch The recent price surge due to its presale event phase 5 supports the fact that this coin has the potential to grow.
The recent increase in the demand for BEFE coin is due to various factors. The greed and fear index which is at 76% suggests that investors are HODLing and are looking at ways to push the price further.
Currently priced at $0.000474, BEFE has a strong technical foundation that provides buyers with high transaction speeds, user-friendliness, and security. Apart from this, the BEFE coin has near-zero gas fees and a strong community that backs the memecoin.
Should you Invest in BEFE coin?
With a recent price surge of 45% due to the presale event phase 5, investors are expecting to gain potential profit from this coin. BEFE coin was directly launched in public with no presale. Due to this, there was no price manipulation and the surge in price has been completely public-oriented.
A meme coin with a strong technical background, near-to-zero gas fee, and community support are good indicators with the potential to bring potential gains if invested. Given these reasons and keeping in mind the growth of the coin, analysts have predicted the BEFE coin could be the next 1000x gem in the crypto market.
Conclusion
A newly launched coin that has already surpassed other derivative meme coins and is growing at a good rate is an indicator of potential gains. Investing in BEFE coin can be a good decision and if done at the right time can result in potential gains. Before investing, it is necessary to do your market research and study the trends thoroughly.
