BEFE Coin gains popularity amid Ethereum ETF buzz

BEFE Coin gains traction as a leading memecoin, promising significant returns amid Ethereum ETF anticipation.

The crypto market’s market cap jumped 8.6% after the SEC asked ETH ETF applicants to update their applications. The market is anticipating the VanEck Ethereum ETF’s approval this week. Riding high on expectations, Ethereum surpassed $3,800 after a green candle as high as Solana’s market cap made Ethereum’s day. 

The tokens built over Ethereum are seeing considerable pumps, and the same holds true for memecoins on Ethereum. The memecoin market cap has risen by 8.5% in the last 24 hours, and the trading volume saw a massive 100% jump during the same time. 

Among the many popular tokens seeing an uptrend in tandem with Bitcoin and Ethereum, a relatively new token, BEFE is catching the fancy of many traders and investors. BEFE recently got listed on Coinmarketcap, and soon after, it entered the top 100 list of memecoins on Coinmarketcap. 

BEFE was introduced in the market in November 2023. Since then, it has earned its investors a return of 550%. BEFE’s website denotes the agenda of the memecoin, “Everyone keeps passing around endless derivative coins with names like PEPE, Doggy, Shib, Floki, and DOge Inu, but BEFE is over it. 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.”

The BEFE team is meticulously designing memes and campaigns to keep the community engaged. BEFE has the most happening community on the BSC. BEFE is also compatible with Polygon and Solana besides BSC and Ethereum. It is backed by the Bitgert chain.

Bitgert is a layer-1 chain with a transaction speed of 100K TPS and negligible fees. This is another advantage that BEFE traders get. Since the gas fees are zero, the traders can place bets without the fear of losing out on profits. The zero crypto tax adds to the efficiency of the memecoin, and the BEFE traders are allowed to take the entire profits they make home. 

BEFE was launched without any presale. The tokenomics of the BEFE coin is pretty straightforward and transparent. Take a look at the distribution: 

• 30% for Presale and OTC
• 30% for liquidity on DEX and CEX
• 20% for Team and Airdrops
• 20% for KOLs and influencers

The unsold tokens from the presale are used to fuel OTC trades and keep enough liquidity for traders to cash out and take the opportunity at the right moment. However, BEFE has yet to present a great price performance.

Though BEFE has crossed the long-term resistance of $0.0001, it is yet to confirm a price rally. The technical indicators point to the building investor momentum. The coming days will confirm whether BEFE will convert users’ $200 investment into gold or if the vision of a $200,000 bounty is still far-fetched. 

To learn more about BEFE, visit the official website.