Although a reasonably new meme coin, BEFE has achieved a market capitalization of over $45.The BEFE coin seems to be more than just a meme coin. It has shown consistent growth since its inception and seems to be bullish even when the OGs have taken the back seat.
BEFE: What is it?
BEFE is a product of Bitgert, a state-of-the-art blockchain technology that enables decentralized applications, smart contracts, and high-performance transactions. Bitgert has support for cross-chain interoperability. This functionality helps the coin to communicate and exchange value with other blockchains.
BEFE coin is one of the few meme coins with the entire crypto community on its toes. Since its launch, this meme coin has experienced a considerable price rise of around 600% and is expected to follow a similar trend.
Is $0.01 a Possibility?
Launched with zero taxes and presales, the meme coin’s growth has been no less than impressive. It seems to be way more than just a meme coin that rides the social media hype and has no use cases.
BEFE Coin has a maximum supply of 100 billion tokens and comes with a burn mechanism. This burn mechanism is a deflationary act that destroys the coins from circulation regularly and introduces scarcity. Scarcity helps increase the demand for the remaining tokens, driving more value over time.
BEFE coin has a decent social media presence. Users can interact with the BEFE team, participate in their events, and get the necessary updates. This increases trust among the new investors, promoting adoption.
One of the biggest reasons behind the high demand for the coin is its partnership with Bitgert. The holders of Bitgert can stake their native tokens (BRISE) and earn BEFE a reward token. Also, BEFE boasts a pretty engaged community which encourages its adoption among crypto investors.
The BEFE team plans to deploy the coin on the Solana blockchain. They’ve launched 5 phases of BEFE presale as of now, all of which have been a great success. Investors devoured the coins almost instantly and have their eyes peeled for the 6th phase, which will be live at a price of $0.085.
Wrapping Up
The BEFE coin is showing no signs of slowing down in the near future. If everything goes as expected and the market doesn’t take an unpredictable hit, BEFE could surpass its previous ATH of 0.001127 in the coming days. However, it’s always better to proceed with caution and do your own research before investing in any digital asset.
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