Memecoins present a great profit-making opportunity, especially in a market such as the crypto market, known for its volatility and uncertainty. One fundamental rule holds true for memecoin investors – the gains they make are directly proportional to the risks they can afford.
Memecoins themselves never claim to have any use cases or utilities attached. The memecoin communities are huge and there for the fun element and easy earning opportunity. Dogecoin was the first memecoin built as a rip-off of cryptocurrencies by a group of developers. It became a huge success, after which thousands of memecoins have been launched in the market today in a matter of few years.
While the majority died early or were tagged as rug pulls, there are definitely some good memecoins that investors can look out for. Popular memecoins like PEPE, Shiba Inu, Dogwifhat, etc., have had their glory period. The dog, frog, and cat memes are outdated. Few memecoins like BEFE are trying to present themselves as a different class of memecoins with drool-worthy meme worth the virality factor and added utilities that come with the token.
Experts predict BEFE will soon see a once-in-a-lifetime opportunity to make profits. The memecoin sector is full of tall promises and scams; therefore, it becomes pertinent to gauge the claim critically and DYOR before investors take a plunge into the token.
Let’s dig into some essential factors making a promising case for the BEFE token.
Funny-side up: The BEFE token claims to be the funniest of all meme tokens. Its tagline says, “The Inu & Frog coins have had their moment in the sun. It’s time for the world’s most recognizable meme to take over as the ultimate meme king. BEFE is here to bring back the glory days of memecoins.”
Strong Backing: BEFE is backed by the Bitgert blockchain – one of the fastest layer-1 blockchains with the promise of scalability and security. BEFE shares Bitgert’s features and ensures faster transaction execution times at zero gas fees. Bitgert holders staking BRISE tokens can buy BEFE tokens directly and benefit from the price gains.
Interoperability: The BEFE team has taken several steps to make BEFE readily available across exchanges and interoperable across blockchains. BEFE coin is compatible with BSC, Ethereum, and Polygon. On April 15, the team added Solana integration to the BEFE network. The four chains have a substantial user base, and BEFE being available across these chains is a plus point.
Accessibility: BEFE can be traded and exchanged across DEXs like Pancakeswap, Uniswap, Tapbit, BitStorage, and Gate.io. BEFE is also listed on Coingecko. Recently, BEFE entered the top 100 memecoin list on Coinmarketcap.
Tokenomics: BEFE has transparent tokenomics. Its limited supply is 1 quadrillion tokens. Like its parent chain, Bitgert, the BEFE token uses a price burn mechanism to keep the supply under control. BEFE did not have a presale. The unsold presale tokens will be used to fuel OTC deals and add to BEFE’s liquidity. This feature will ensure BEFE traders cash out at the right moment to secure maximum gains.
Here’s how BEFE’s tokenomics looks:
- 30% for Presale and OTC
- 30% for liquidity on DEX and CEX
- 20% for Team and Airdrops
- 20% for KOLs and influencers
Partnerships: The BEFE team is actively seeking partnerships ans collaborations to build use cases for BEFE as an ecosystem. Some of the recent partnerships include names like:
- Planktos is a powerful plankton community in Solana’s ocean ecosystem
- Sealwifhat, the ocean $WIF, and the First seal pup token on Solan
- The Gari Network
Community: BEFE has a 50 K-strong Twitter community, in which the team actively engages with regular contests and challenges. BEFE’s BSC community is also one of the most actively engaged communities.
Price Performance: BEFE was under correction and has recently started its uptrend in tandem with Bitcoin’s price movements. Though the token has previously given returns as high as 550% in 2023, we are yet to see any substantial returns in 2024. However, experts predict that the token will see a multi-bagger rally, which will turn a $100 investment into $200,000.
This prediction looks likely only if BEFE is able to break through the $0.0001 resistance. The token is up by 1.6% in the last 24 hours but more push is needed to ensure market momentum. Technical indicators point to a sound rally in lieu. However, the factors building up in the next few days will be crucial for BEFE to guarantee good returns in the short-term.
