After experiencing a disheartening crypto winter in 2022 and 2023, crypto investors have been able to let out a sigh of relief thanks to the recent bullish sentiment. The last quarter of 2023 saw a complete shift in market sentiment, spurring a much needed rally across the board.
Armed with strong bullish momentum, the prices of cryptocurrencies experienced unprecedented surges. Top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) rallied and broke 40 week highs, with their momentum spurring the rise of several newcomers in the crypto market.
With a positive market sentiment and a favorable reading from the crypto Fear and Greed Index, crypto investors are lining up to invest in memecoins. However, the presence of various options including, BEFE, Dogecoin (DOGE) and Shiba Inu (SHIB), begs the question: Which memecoin to pick?
Going Beyond Doges and Shibas
One cannot deny the role that Dogecoin has played in forming the memecoin subset within the crypto market and bringing relevance and authenticity to the space. However, the memecoin space has since strayed away from the idea that it was created with. The memecoin projects that propped up over the past few years have had a reputation for operating unethically, which shined a bad light over the whole memecoin space.
The BEFE crypto project debuted its native memecoin BEFE in November 2023. The team behind BEFE launched its token with a vision: disrupt the memecoin landscape and bring back the glory days of memecoins. Backed by Bitgert and with the world’s most recognizable meme as its mascot, BEFE is ready to take on the memecoin space.
Why Pick BEFE Over DOGE & SHIB?
While Dogecoin (DOGE) and Shiba Inu (SHIB) have been around for a lot longer than BEFE, there are several reasons why potential investors should pick BEFE over memecoins. BEFE has proved its potential as a contender to become a leading memecoin by returning an impressive 150% to its investors within two days of its launch.
BEFE previously beat Shiba Inu in terms of initial adoption, by securing a daily trading volume of $2.34 million within five weeks of launch. Looking at more recent metrics, BEFE seems poised for a rally in the near future. After a volatile start to the new year, the memecoin has been consolidating at a major support level around $0.00040.
When it comes down to it, BEFE’s price is arguably its most attractive selling point. Given that BEFE is in its early stages, one can fill up their portfolio with this memecoin without hurting their pocket. Investors who seized this opportunity back in November 2023 have already made a return of 460% on their investment.
The BEFE crypto project also added a unique selling proposition (USP) to their memecoin by eliminating taxes on transactions. The team also opted for a fair launch to distribute BEFE, thereby increasing their memecoin’s reach and exposure to a wider class of investors. Access at a lucrative price and multiple differentiating factors make BEFE a better choice for investors.
Find Out More Here:
Website: befetoken.com
Telegram: t.me/befetoken
Twitter: twitter.com/befetoken
Source: https://www.cryptopolitan.com/shiba-inu-vs-befe-vs-dogecoin-which-meme-coin-to-invest-right-now/