From PEPE and Bonk to BEFE: The evolution of meme coin dominance

Meme coins like PEPE, Bonk, and BEFE have stirred up the crypto sphere, once regarded as mere jokes, now commanding attention. BEFE, backed by Bitgert, gains traction with a 26% surge, challenging the dominance of its predecessors.

PEPE, Bonk, and BEFE were the talk of the town. Yes, it’s the meme coins that are making the news headlines. These meme coins had everyone going crazy, from expert traders to crypto investors.

The OG Dogecoin was the first meme coin that started as a joke but has now emerged as a financial asset. Following this, more meme coins like PEPE, Bonk, and BEFE are emerging and making a mark on the cryptocurrency market.

BEFE

BEFE Coin has emerged on the market with a bang. With the support of Bitgert, BEFE has managed to perform well. Its adoption and listing on top centralized and decentralized exchanges are forcing the price to rise.

It has outperformed other meme coins. BEFE has surged 26% in just a day, making it into the top trending lists. 

BEFE is currently trading at a low price of $0.0005144 with a significant market cap of $51 million. BEFE coin is set up to give huge up move looking at its price movement as it has already given massive 606% gains to its early investors within one year.

PEPE

PEPE is the iconic Pepe the Frog meme coin. The PEPE token was launched on the Ethereum blockchain. PEPE is a deflationary meme coin that gained popularity in mid-2023.

PEPE has given its investors massive returns of 13,177% in the past year. It is trading for $0.000007550 and has a market cap of $3.18 billion. 

PEPE has garnered attention from the crypto community and earned third place on the top meme coin list, much above BONK and BEFE.

Although PEPE generated a lot of hype in its early days, it has now started to lose its shine. Unlike BONK and BEFE, PEPE’s price momentum is getting flat. As competition increases, it will be tough for PEPE to go further.

BONK

Bonk is a meme coin inspired by a dog-themed meme. It is similar to PEPE, and Solana powers it.

Instead of being just a meme coin, Bonk will build new products, such as an NFT collection, a token swap, and a trading bot. But this does not help Bonk! 

Bonk’s price rose dramatically initially, primarily because of its connection to Solana. Unfortunately, the BONK price has fallen significantly in the past few days.

As of March 23, 2024, it is currently trading at $0.00002295 on crypto exchanges. Bonk’s dip seems to be due to the market correction and the growing concerns with Solana.