BEFE Coin Emerges as a Dominant Force, Outpacing PEPE and SHIBA INU

The post BEFE Coin Emerges as a Dominant Force, Outpacing PEPE and SHIBA INU appeared first on Coinpedia Fintech News

The cryptocurrency market is full of ups and downs and there is no telling which currency is going to be the next big thing. When it comes to the meme currencies, their fragility increases even more as they are completely fueled by the amount of hype created over them. The BEFE coin is one meme currency that has become an exception to this rule. The BEFE coin is growing to become one of the utility tokens despite being introduced as a meme coin. The token has shown a much better growth rate than the meme coins like Shiba Inu and PEPE coin. 

Let’s check out what is the reason behind this rise and whether people should invest in the BEFE coin due to this. 

The BEFE Coin Growth Strategy 

The BEFE coin has shown a different growth strategy than the meme coins like the Shiba Inu and PEPE coin. Regular meme coins heavily rely on the attention drawn through the internet and social media marketing. 

The use of such coins by celebrities is also another method of promotion for them. But these are not the methods used by the BEFE coin. BEFE coin has focused on promoting itself as a utility-based token and takes a different route. Here are some of the methods of the BEFE coin strategy:

1. The BEFE coin is not just based on parody situations or promotions, it offers real-life utility to the users. BEFE can be staked on the Bitgert chain to get rewards and can even be used for implementing smart contracts. 
2. The team behind BEFE coin is focusing on creating a space for the users where they can complete the transactions faster and that too at affordable rates. The partnership with Bitgert, the fastest blockchain, allows BEFE to offer this.
3. BEFE coin is enhancing its grasp in the market further by adding more crypto projects to its portfolio. The features offered by the BEFE coin is letting the market know that the token is more towards utility than the inorganic promotions.

The Market Performance Analysis 

While PEPE and SHIBA INU have experienced periods of significant price hikes, these surges have often been fueled by hype and speculation. On the other hand, the hype in the market created by the BEFE coin has been purely organic. If compared to the price rise at the same time after launch, the Shiba Inu was at around 450% growth and the PEPE coin was much lower. BEFE coin has already shown more than 500% growth since its launch and has beaten the Shiba Inu and PEPE coins. 

The market performance indicators also suggest that people are more inclined towards the BEFE coin than any other meme currency in the market. The RSI score, MACD value, and moving averages suggest that there is a strong buy signal for the token in the market. Also, the increasing trading volume is a sign that people are trusting the BEFE coin. 

Conclusion 

It is clearly evident from the above discussion that people want to choose the BEFE coin over others like Shiba Inu and PEPE coin. This is primarily due to the utilities offered by the BEFE coin in the market. The market growth rate for this token is also much better than the others. So, if you wish to get higher returns from the crypto market, then invest in BEFE coin.