New Delhi (India), April 11: The memecoin market is constantly evolving, with new memecoins coming up almost daily. While some investors made some crazy gains from memecoins like Shiba Inu, PEPE and DOGE in the last bull cycle, many more lost substantial sums of money if they couldn’t handle the stomach-churning drops in between.
Experts believe that in the next decade the aggregate market cap of memes will increase.
Currently, at a combined market cap of over $60 billion, and daily volume exceeding $13 billion, memecoins command substantial financial value.
There is a new memecoin making significant waves in the industry since its inception. Experts consider BEFE the next memecoin to burst into mass relevance because of the hype it finds in the memecoin circle.
But can BEFE surpass an OG coin like Shiba Inu?
The next memecoin king?
Shiba Inu coin was created anonymously in August 2020 under the pseudonym “Ryoshi.” While Shiba Inu has had its moments in the limelight and may continue to have such moments in the future, the coin’s volatility makes it a risky venture.
Shiba Inu is down 4.56% in the last 24 hours and 20.88% decrease in the last month.
The competition from newcomers like BEFE could potentially dilute Shiba Inu’s market share.
BEFE’s growth has been very impressive with a community of over 50,000 members and counting. BEFE is also giving back to the community by having BRISE holders earn BEFE by staking BRISE.
BEFE was launched without any presales and zero taxes. Early investors who participated in BEFE’s fair launch have seen an impressive 353% return on their investment.
BEFE might lack the rich history of its peers, crypto analysts and investors continue to prefer this memecoin for various reasons.
The team has been making significant developments and the most exciting thing has been the upcoming launch of the coin on SOL as SBEFE.
BEFE is standing strong at a $51M market cap.
Conclusion
Betting on a new memecoin is considered as a smart move by investors. BEFE’s growth has immense potential and the community behind this project is extremely bullish on the coin’s growth.
With an increase in the price of Bitcoin and the halving just 10 days away, altcoins are expected to see an impressive surge. Are memecoins the asset you are willing to bet on in this cycle?
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