When meme coins, PEPE, and Bonk entered the cryptocurrency space, almost every crypto enthusiast was taken aback by their massive growth. However, both Bonk and PEPE lost their luster not long after enjoying a sharp rise in value.
With most meme coins riding on social media hype, will there be a reliable option in the crypto space that investors can trust?
A new meme coin, BEFE, has made its mark in the crypto market. And its growth rate is almost baffling. Also, unlike Bonk and PEPE, BEFE has a strong roadmap, meaning this meme coin is there to stay. Let’s find out more below.
What you'll learn 👉
Pepe ($PEPE)
PEPE, a popular meme coin created on the Ethereum blockchain, made its debut in April 2023. Soon after its launch, PEPE became one of the top-traded cryptocurrencies. To offer some perspective, PEPE surpassed the valuation of $1 billion in just three weeks, while Dogecoin took around four years to reach the same benchmark.
PEPE’s success seems to be temporary. With investors losing trust and the community getting smaller, PEPE’s value has been flatlining. However, this drop in value is not surprising. After all, PEPE stated on day one that it was limited to a meme coin and had no utility or real-life use case. Presently trading at around $0.00000729, PEPE’s market value stands at $3.07 billion (as of March 24, 2024).
Bonk ($BONK)
Like DogeCoin, Bonk is a dog-themed meme coin created in the Solana Blockchain that entered the market on December 25, 2022. Viral social media campaigns and its association with Solana led to the massive growth in Bonk’s price. So much so that Bonk reached its highest price ($0.00004704) in March 2024.
While it had a vision of building new products, including a token swap, a trading bot, and an NFT collection, Bonk’s value has taken a massive hit. Lack of development, transaction fees, and complexities related to scalability are the reasons cited behind Bonk’s slump. As of March 24, 2024, Bonk is trading at $0.00002276.
BEFE
Launched with zero taxes and no presale, BEFE Coin made quite a mark in the crypto world within a month of its launch. This massive growth was perhaps led by a passionate community and social media campaigns.
Because BEFE comes with a roadmap that includes charitable initiatives, a decentralized exchange, and potential real-world applications, investors have associated positive sentiments with this meme coin. However, whether BEFE stays true to its word or faces a downfall like Bonk and PEPE depends on its ability to execute the plans in the roadmap
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