BEFE has seen a massive overall growth of 554.23% since its launch on November 2023, as recorded on April 2, 2024. In fact, experts are predicting and hoping that BEFE will have a surge of over 800% in the near future. They even have reasons backing their predictions, some of which are stated below.
Whale Investors Influence
Looking at BEFE’s holders’ data on BSCScan, it is clearly visible that the coin has massive whales putting in their money and time towards the project. The support of whales affects the performance of a meme coin or any other crypto token in the market. The fact that major Shiba Inu and PEPE whale investors are showing interest in BEFE says a lot about the coin’s potential and upcoming future.
Multiple Listings
On March 29, 2024, the BEFE team made an announcement over X that they will launch the coin on three different exchange platforms, which has piqued interest amongst crypto lovers. The fact that BEFE is already present on ETH and BSC chain, is still fuelling the coin’s growth. But, with the onset of new platforms, it will provide a variety of options for diverse traders, which will affect BEFE’s growth positively.
Presale Buzz
When the BEFE team announced its presale event on March 23, 2024, the meme crypto trajectory started changing. Investors started showing interest in the coin, leading to closing of first 3 phases within 24 hours!
During the presale phase, the BEFE team also announced major giveaways, airdrop events and important announcements, which not only kept the users engaged but also increased the coin’s value.
Moderate Supply
While Shiba Inu and PEPE have a circulating supply of 589.29 Trillion and 420.69 Trillion, respectively, BEFE has a moderate circulating supply of 100 Billion. The moderate amount of BEFE coins in the crypto market has made it scarce and highly demandable, thus increasing its potential of an upcoming 800% surge.
Rise Of BTC and ETH
The OG crypto giants, Bitcoin and Ethereum, are currently taking the entire market into the bullish zone due to their performance. BTC is standing at $69,398.73 with a monthly hike of 11.79%, whereas ETH is at $3475.75 with monthly raise of 1.41%, as recorded on April 2, 2024. The positive performance of BTC and ETH is affecting meme coins like BEFE, thus increasing their chances of reaching new heights in the near future.
Final Words
Though experts and crypto analysts are predicting BEFE to rise 800%, with a 1000x return, the prediction can only become reality if all factors are in favor of the coin. Moreover, it is highly advisable to observe the coin’s performance properly before making any decision.