With the ongoing bull cycle where both Bitcoin and Ethereum are touching all-time highs, altcoins and memecoins like PEPE coin and Shiba Inu are also set to witness impressive pumps in price.
Memecoins are notoriously volatile but have managed to remain a crowd favourite. Shiba Inu and PEPE coin are amongst the most popular memecoins in the space. But there’s a new player which has made significant waves since its inception.
Early investors who participated in BEFE’s fair launch walked away with an impressive 550% return on their investment in just 4 months. It is in the same spot that PEPE coin and Shiba Inu were undergoing in their early stages, except it is doing that in a bull market.
The new memecoin king?
Introduced in August 2020 as a direct rival to Dogecoin, Shiba Inu (SHIB) is a crypto operating on the Ethereum blockchain. Shiba Inu coin was quickly adopted by a large community of investors who were drawn by the cute charm of Shiba Inu. Shiba Inu reached an ATH of $0.00008845 on October 29th 2021 with a market capitalization of $52.1 billion.
Shiba Inu does not have a burning or redistribution mechanism, but it relies on its community to create demand and value for the token.
PEPE coin was launched in April 2023 as a tribute to the Pepe the Frog internet meme. PEPE coin appeals to the cryptocurrency community by instituting a no-tax policy, a redistributive system rewarding long-term stakers, and a burning mechanism to maintain scarcity of the PEPE coin.
PEPE coin reached an ATH of $0.000004354 on May 5th 2023 with a market capitalization of $1.6 billion. While investing in meme coins entails considerable risk, Pepe Coin stands out as a token that has garnered substantial popularity.
Within this competitive memecoin space where players like Shiba Inu and PEPE coin dominate, BEFE, which is backed by Bitgert, has carved a niche for itself in less than four months of its inception. Thanks to its combination of powerful tokenomics, a concrete use case roadmap, and a committed community, BEFE could surpass its ATH.
Conclusion
PEPE coin has been down 19% in the last 7 days while Shiba Inu has been down 21% in the last 7 days.
BEFE on the other hand is outperforming Shiba Inu and PEPE coin currently. There has been a pump of 0.54% in the last 24 hours.
Memecoins like PEPE coin, Shiba Inu and BEFE are considerably susceptible to fluctuations based on sentiment and hype so don’t forget to DYOR.
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