Meme coin BEFE’s rapid rise captures investors’ attention

Investors see unprecedented gains as BEFE coin leaps over 30% in 24 hours, challenging the dominance of traditional meme coins with solid community support.

Are memes just for laughing and enjoying? Not since the past few years!

Popular meme elements like the meme dogs and frogs have dived into the investment assets. The best part about this is that their popularity is extremely high given their support from a vast community of meme enthusiasts.

When we thought that the meme coins industry was about to be over with Shiba Inu and Dogecoins, that’s when BEFE is here to reminds us the opposite.

On 4th March 2024, it also saw a considerable rise of over 30% in just 24 hours. This has stolen all the spotlight in the hearts and minds of meme coin enthusiasts worldwide.

The meme coin industry

Since meme coins have started to gain popularity, investors are making unimaginable wealth. In the past year, the meme coin index has grown by 498.34%. 

Meme coins were inspired by popular internet memes and are known for their extreme volatility and hype. All meme coins have a strong community and are in tough competition.

The first meme coin, Dogecoin, launched in December 2013. It was created as a joke, inspired by the popular Doge meme featuring a Shiba Inu dog. Many other meme coins, like BEFE and Frog, follow the same trend.

At its peak, Dogecoin even managed to beat BitCoin’s daily volume in 2021. 

This shows that the meme coins are highly affected by the investors and their communities. If the communities try hard, they can sway the prices a lot. This has also led to a lot of unnecessary volatility and price wars.

BEFE coin success story

Surprisingly, the BEFE token has also recently captured the attention of many investors. That is mainly because of its rags-to-riches stories that have gained much attention.

BEFE’s price suddenly increased to $131,000 from a beginning price of only $2.72. Everybody who participates benefits as they stake more BRISE and receive more BEFE. The recent surge of over 1 million coins on xBitgert’s effective Brise Chain blockchain network shows its potential in this cryptocurrency market.

But again, it is essential to remember how these markets are easily swayed by their own community. This makes it riskier than all other crypto assets. So, always be vigilant while investing in BEFE.