The surge in meme coin popularity has led to unimaginable gains for some investors, with the meme coin index growing by an astonishing rate in the past year. These coins, inspired by viral internet memes, are known for their extreme volatility and hype-driven nature. A strong community underpins every meme coin, fostering fierce competition.
One of the most interesting things about Dogecoin is that it was created as a joke in December 2013, based on one popular meme and it is considered as the original meme coin. The rise of many other meme coins such as BEFE and Shiba Inu followed.
Nonetheless, speculating in a meme coin comes with a lot of risks and rewards. For instance, if you are lucky enough, you can make millions out of investing in meme coins. However, some of them are well known for their hype appeal only and lack any moat or utility to save them from market sentiment or online fads.
However, some coins like BEFE have been able to do this and are poised to surpass many heavyweights including Shiba Inu. Let’s see how.
What you'll learn 👉
Shiba Inu vs BEFE
Shiba Inu
Shiba Inu has arguably become almost as popular as Dogecoin among the masses and also has one of the longest-standing ecosystems in crypto. Launched last year, SHIBA INU’s price steadily increased due to its committed community. These achievements go beyond its foundational token; Shiba presently includes native ventures such as games, an NFT marketplace, decentralised exchanges (DEXs) that extend its domain.
However, there have been questions about whether Shiba Inu can grow post this initial run-up. Its overreliance on internal community support may not make it attractive enough for more people.
BEFE
The rapid success of BEFE just after launching shows investor confidence – something that is highly valued by crypto pundits. Additionally, selecting a universally renowned meme as BEFE’s mascot was a strategic move by the team behind it which further enhances its possibilities. This makes BEFE far more viral hence visible than competitors like Shiba Inu (SHIB).
BEFE’s current price is also a big factor, offering wider accessibility and the chance to participate in the exciting meme coin space with the potential for substantial future gains. BEFE is currently priced at just $0.0003185.
With the backing of Bitgert, BEFE’s unique attributes and its focus on functionality position it for a bullish trajectory, potentially reaching significant valuations before 2025.
Conclusion
So, these were some reasons why according to us, BEFE coin stood out from its competitor Shiba Inu. Now, that BEFE coin’s price is as low as $0.0003185, this might be the right time to invest in the meme coin.
What do you think about BEFE coin and its future? Do let us know in the comments!
To know more about BEFE, Visit https://befetoken.com
Buy BEFE coin from the below exchanges now!
Buy on Gate.io – BEFE/USDT
Buy on MEXC – BEFE/USDT
Buy on Pancakeswap
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
