BEFE’s momentum hints at $1 before Shiba Inu
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Defying early skepticism, BEFE coin is poised to surpass the $1 mark, challenging the dominance of established meme coins like Shiba Inu. This turnaround is driven by strategic supply management, shifting market dynamics, and a growing supporter base.
Factors driving BEFE closer to $1
Though analysts are pretty confident about BEFE’s upcoming performance, there are certain factors that serve as the catalyst for the meme coin’s growth. Some of these factors include moderate circulating supply, Bitcoin’s rise, and a growing community.
Moderate circulating supply
Unlike other meme crypto coins, BEFE has a moderate circulating supply of 100 billion coins, which makes it unique in the crypto community.
It is estimated that since the supply is less, the demand for BEFE increases, thus enhancing its value and pushing it towards the $1 mark.
SHIB’s poor performance
As compared to BEFE, Shiba Inu is performing quite poorly. While BEFE is positioned at $0.0004546, SHIB is at $0.00003138, as recorded on March 12, 2024.
Besides, DOGE and SHIB had their days in the spotlight, and their current performance indicates that these coins might rise again but only after a major driving factor is present.
Bitcoin’s meteoric rise
Bitcoin is experiencing new heights at the moment, the effects of which can be seen in the entire crypto market. BTC recorded a new ATH of $72,953.72, at the time of writing, and by the looks of it, the value will change soon.
Since BTC is back in action, all cryptocurrencies, including meme coins, are in the bullish market.
The rise of BEFE is directly proportional to BTC, and since the latter is on a high, the time when the coin will reach $1 may not be far away.
Growing community
With over 43k followers on X and 33k on Telegram, and numbers increasing rapidly, BEFE is expected to attract more people from different industries.
Additionally, BEFE sets itself apart from traditional meme coins by offering more than just entertainment. Its unique value proposition has attracted an increasing number of investors.
To learn more about BEFE, visit the project’s website.
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