The market is now buzzing with a new meme coin: BEFE. Although the token is fresh to the market, it is constantly able to provide a new outlook, fusing meme culture with a bunch of investment potential. Learn more about what’s keeping this meme coin on the trending track.
History of Memecoins
Meme coins have traditionally drawn inspiration from popular internet memes and take a unique place in the whole cryptocurrency arena. It was in the year 2013 that the journey started with Dogecoin, initially a joke coin developed by Billy Markus and Jackson Palmer. When the popular meme of the Shiba Inu dog was breathed into existence, Dogecoin’s whimsical take on crypto soon found a large following that turned it into a serious investment.
In the wake of Dogecoin’s success, a host of meme coins followed its lead, aiming to copy—or, in many cases, surpass—the viral formula.
Coins like Shiba Inu, Safemoon, now BEFE, and others, were in the news in world markets due to the backing of their strong community and the promise to give its holders quick returns. Most of these currencies usually take advantage of social media trends and celebrity endorsement to bank their popularity and market capitalization. Speculative though they are, meme coins have also spurred conversations around the democratization of finance and the space that cryptocurrencies can reach a much wider, more diverse audience.
BEFE’s Past 30-Day Performance
Over the past 30 days, BEFE Coin has really been on fire, thus reflecting a very busy and dynamic trend in its market activity. From a high on the 24th of March, having opened at a price peak of $0.00065322, trading activity in BEFE did not really add a lot of value exchange until it picked up immensely to amount to over $1.7 million USD. Such a spike is far from average in terms of value, giving explanations for vivid investor interest in BEFE in the market and a great background to start for the launch in the coming month.
Further to BEFE’s downtrend following the peak, which did see price adjusting to lower levels, the volume remained relatively constant, pointing to trader activity. BEFE’s lowest price was realized on 23rd April at $0.00016553. This is indicative of healthy corrections, and from here on, BEFE’s price action should be relatively stable.
Throughout the month, the price action of BEFE was characterized by fluctuations that allowed traders to have several entry and exit points, thus an active trading environment. Prices close higher than the opening on most days, which shows BEFE’s resilient demand and positive investor sentiment.
Can BEFE surpass them all?
BEFE Coin, in the general perspective, has been traced down but with sustained trading volume, meaning a very strong level of market liquidity. In general, it observes a fall from the highest to the lowest point, representing more of a market correction than a lack of interest and signaling that BEFE is finding its feet in the market.
