Bitcoin appears to be in a recovery mode after suffering from inconsistency and market volatility earlier this week. This market recovery has led to growing speculations of an imminent market explosion within the crypto community.
Experts believe memecoins will benefit the most from this resurgence, rallying 400% and surging even up to 3000% before July. It’s no news that this market niche has notoriously enriched several investors and traders. Some have enjoyed staggering returns of up to 5000% on their investment in a few weeks.
BEFE, a meme-based project, has been tipped to rack investors up to 2000% in less than three weeks, leaving investors drooling. The $BEFE token has been aggressively accumulated since the wind of its 20x market potential got out.
In today’s article, we will look closer at BEFE, one of the biggest hypes in today’s market, and reveal the project’s specifics
BTC’s Recovery Spurring Speculations of a Bullish Trend
Market metrics show that BTC has been on a gradual reversal over the past weeks, with a long-due rebound after a disappointing performance at the start of Q2.
One of the several factors pushing BTC is its growing institutional interest; for instance, the holdings of BlackRock, one of the most prominent institutional investors, have increased to over 300K in less than five months. In addition to this, market analysts have tracked approximately 22,646 BTC with market equivalence of over $1.5B withdrawn from significant exchanges. This behavior hints at a bullish trend as investors keep gearing for a bull market.
As BTC bulls continue to push for a new all-time high before mid-June, memecoins like BEFE could be at the receiving end of this market momentum.
BEFE, A Trendsetter
BEFE has been dubbed by many as the ultimate meme king. This relatively new meme coin debuted in the market about six months ago, last December. Despite spending a short time in the market, BEFE has attracted a vibrant community of fans worldwide.
Meme lovers and enthusiasts are piqued with BEFE’s mission of restoring the glorious days of memecoins. And if that were not enough, BEFE has also established strategic alliances, collaborating with projects like Bitgert, Planktons, Ceex, Sealwifhat, and many others, becoming a trendsetter.
At the time of press, BEFE’s market value is pegged at $0.00009979, reflecting a marginal 24-hour gain of about 0.6%. Some experts expect BEFE to reach $0.0002 by Wednesday and $0.001 before next week. Others favor a whooping 20x rally in less than three weeks. This implies every $100 and $1000 invested could reap at least $2000 and $20,000, respectively, by June’s fall.
Conclusion
Diamond hands and holders have hugely profited from holding onto $BEFE, and chart patterns reveal this trend will continue. With a 20x in view, $BEFE holders can’t wait to Lambo in 2024.
To know more about BEFE, visit https://befetoken.com.
The post BEFE’s June Outlook: Riding the Memecoin Wave to New Heights appeared first on Blockonomi.
