In a Sunday tweet, Andrew Kang, crypto trader and co-founder of crypto-focused venture capital firm Mechanism Capital, stated that the crypto market might see Ether (ETH) soar by 50% from its current price, but meme coins will witness a 5-100x increase in value. This surge will introduce a generation of new money memecoin elites like the whales and old guards created through Bitcoin (BTC), ETH, and Solana (SOL).
Investors are looking to ride this surge and looking for the new memecoin king.
If social media frenzy and current pump in price is to be believed, the new memecoin king is the internet’s most recognizable meme. The community has 50,000 members and counting.
With a price increase of 11.50% in the last 7 days, BEFE is outperforming the global cryptocurrency market which is up 7.10%.
The new memecoin king
BEFE is more than a simple memecoin. BEFE’s robust tokenomics and impressive marketing with an amazing community make it the current memecoin king.
Despite being relatively new to the crypto space, crypto analysts and investors continue to prefer BEFE for various reasons.
The ongoing presale, which has been launched on the Solana blockchain, has a soft capitalization of $10k and a hard capitalization of $50k. It has been structured in a way to reward BEFE’s early investors.
Let us take a look at the presale price history –
- PHASE 1 : $0.01 (SOLD OUT)
- PHASE 2 : $0.02 (SOLD OUT)
- PHASE 3 : $0.04 (SOLD OUT)
- PHASE 4 : $0.055 (SOLD OUT)
- PHASE 5 : $0.075 (ONGOING)
- PHASE 6 : $0.085 (UPCOMING)
The team behind BEFE aims to finish 20 presale phases by April 10th, 2024. If this goal is achieved before the specified date, they will introduce BEFE on the SOL chain. However, if not, they will proceed with launching BEFE on the SOL chain using the raised amount for LP.
BEFE features no transaction taxes and opted for a fair launch, eliminating pre-sales and allocations. BEFE is known as “the people’s memecoin” among crypto enthusiasts.
Conclusion
The memecoin craze has resurfaced and is one of the major driving factors of BEFE’s price. With future upgrades and advancements in the ecosystem, BEFE might surpass its current all-time high (ATH) of $0.001127 and mark its new ATH.
As lucrative as it might sound, memecoins are notoriously high risk investments so it’s important to DYOR.
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