Ever heard about any coin that has a potential of +5000% price increase? Well, BEFE Coin does. The main reason behind this is that it solves such problems that other meme coins don’t. Let’s dive deep into it:
What Problems Does BEFE Solve?
The increase in popularity of meme coins has created such a deep impact that people have started to ignore the real-world practical applications of any meme based on cryptos. This is where BEFE stands out from its competitors. It aims to solve a problem within the meme coin space.
BEFE started as a meme coin, but because of its partnership with Bitgert, investors are becoming interested in their native coin, BRISE. How? Well, this gives users an opportunity to stake BEFE and receive rewards in BRISE.
BEFE was initially established on the Ethereum Chain and Binance Smart Chain (BSC). This has already opened up a vast path. On top of this, BEFE has laid out a plan to launch the meme coin on Solana. The Ethereum chain is known for its secure peer-to-peer network, BSC for its fast translation speed, and Solana chain for its proof-of-stake (PoS) blockchain, providing users with additional capabilities like DeFi, NFTs, and Smart Contracts. BEFE can be seen transforming into a complete ecosystem by combining all the three best platforms available.
Market Sentiment
Source: Trading View
Looking at some indicators to gain useful information.
The MACD indicator is currently below zero but not too low, which indicates a possible short-term rebound, but it could keep rising in the long term. The RSI is currently at 40, indicating an oversold region but as word of the project spreads, it will get back on track.
The VWMA is slightly above the price, which is another indication of a possible uptrend.
BEFE has experienced a sharp market correction after a continuous uptrend of more than a month. It is currently having a market volume of $409M. Presently, it is at 2% higher than the previous 24 hours.
Conclusion
BEFE has helped investors make millions in the past, but this doesn’t guarantee future returns. Despite the utility factor, a meme coin and the interest of investors towards BEFE, analysts believe that the price might surge by 5000%. However, markets are unstable, and its important to take calculated risks. So, always remember to DYOR before investing.
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