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The crypto market has witnessed a major shift in sentiment over the past three months. Bitcoin, the flagship cryptocurrency, gained more than 45% over the past month alone. This unprecedented rally paved the way for other cryptocurrencies to surge as well. This includes altcoins like Ethereum, Solana, etc, and meme tokens like Dogecoin, Shiba Inu and Bonk.
BONK, a memecoin launched towards the end of 2022, has performed well during the recent upturn in the crypto market. Over the past 24 hours alone, BONK has managed to gain a whopping 32.2%, which took its market capitalization to $1.42 billion. The daily trading volume of this meme token also jumped 65.6%, reaching $874.5 million.
BONK To Be Overtaken In 2024?
Binance is the largest cryptocurrency exchange in the world. This trading platform offers various investment options to traders, making it the exchange of choice for over 170 million investors around the world. Such is its influence, that being listed on this trading platform has become somewhat of a hallmark for successful altcoins like Solana and memecoins like BONK.
The Blockchain Ecosystem for Everyone token, which was launched in November last year, has been making headlines lately. This meme token’s rapid rise in terms of price, market capitalization and social media presence, has made it a token to watch out for in 2024.
Crypto analysts and experts speculate that at this pace, BEFE could become the next BONK. However, such a scenario would require BEFE to check off a few boxes. One of those is to become a meme token listed on the world’s largest trading platform. This listing would significantly increase the memecoin’s reach and exposure.
The New Memecoin King
The Blockchain Ecosystem for Everyone token is currently listed on leading crypto exchanges like MEXC, Gate.io, Uniswap, PancakeSwap, and AscendEX (BitMax). Unlike BONK, this memecoin is not yet listed on Binance.
However, social media buzz and the latest news from the grapevines in the crypto market suggest that BEFE could be headed towards a Binance listing. The vibrant and active community that has rallied behind this meme token is one of the most important factors that could lead to its listing on the world’s largest cryptocurrency exchange.
Crypto enthusiasts and analysts watch as the cryptocurrency market enters a bull season with renewed investors’ confidence. Market forces tend to impact the hundreds of altcoins and memecoins differently, so only time will tell if Blockchain Ecosystem for Everyone memecoin manages to overtake BONK in 2024.
Find Out More Here:
Website: befetoken.com
Telegram: t.me/befetoken
Twitter: twitter.com/befetoken
Source: https://finbold.com/can-befe-be-the-next-bonk-binance-listing-with-community-support-soon/