BEFE Coin: Capitalizing on Solana’s congestion for maximum returns
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
On April 10, Solana’s native token, SOL, plunged to its lowest price point in three weeks, reaching $162.40.
This 19.8% decline occurred over a ten-day period and coincided with the announcement of the U.S. Consumer Price Index (CPI) inflation data.Â
Network overloads
Recently, Solana’s network has been unable to handle rising volumes of transaction requests. This has implications for how scalable the technology is and whether or not investors will keep faith in it.
Reduced interest in SPL tokens
Solana SPL tokens, which were built on the Solana blockchain, have declined in popularity. As a result, there may be a lower demand for them and this indirectly may impact SOL’s value.
Overleveraging derivatives markets
Widespread use of overleveraging derivatives markets can make price swings worse. This can lead to exaggerated sell-offs like that witnessed with SOL.
This is when people began looking for other alternatives to Solana since they had problems with congestion during such a time.
According to certain specialists, relatively new altcoins like BEFE coin could be an ideal investment given the current state of play and what has been happening as far as Solana is concerned. Nonetheless, what sets BEFE above other alternatives and how exactly does BEFE coin work? Let us explore that.
Maximum returns – The new opportunity offered by BEFE Coin
Bitcoin was certainly a worthwhile investment opportunity over the last few years as it became the leading digital currency globally. It outperformed traditional asset classes such as gold, stocks and property which was more than anyone expected.
Now market experts are focusing their attention on BEFE Coin which is another entrant into meme coins. Given projections of market value increasing 30 fold possibly reaching $0.01 levels these are serious signals about BEFE coin.
So why all this excitement about BEFE Coin?
Think of BEFE Coin as taking up arms against meme coins. The ultimate meme king is what BEFE ultimately coin wants to be!
Like PEPE however, there was no presale or any taxes on ‘BEFE’ to ensure the first investors got a level playing field. The high level of transparency may be fuelling its phenomenal growth in a way. Currently, the BEFE coin has increased by around 180% since it was launched in December 2023 and this momentum is increasing!
Moreover, being backed by Bitgert, BEFE is secure and transparent. Now, that players like Solana have also come up with their underlying issues, it is about time to invest in something new and fresh.
According to many crypto experts, the BEFE coin might prove to be the best bet to take right now. Â
To learn more about BEFE, visitÂ
Buy BEFE coin from the below exchanges now!
Buy on Gate.io – BEFE/USDT
Buy on MEXC – BEFE/USDT
Buy on Pancakeswap
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.