BEFE Coin Triumph: The MEME Coin Trending Triumphantly This Week
The BTC halving session has changed the entire scenario of the market, and the biggest shift can be seen in the meme market. One of these coins, BEFE, has been performing incredibly throughout the week post-halving session. This brings up the question: is BTC halving the only reason why BEFE is rising?
Apart from the BTC halving event, which is the major contributing factor for BEFE’s growth, there are other reasons as to why the coin had a triumphant week. Top of the list would be the coin’s launch on the SOL blockchain, which happened on April 15, 2024. Post its launch; the team also announced BEFE’s listing on various exchange platforms that, boosted its availability. Since being available on different exchange platforms garners a variety of traders, it also increased the coin’s market value by some percentage. Apart from that, the BEFE team continuously conducts giveaways, community-building tasks, and various events that keep the users engaged and help BEFE sustain itself in the volatile market. Another major factor for the coin’s growth would be its scarcity. There are various meme coins that do perform well in the market but are available in trillions (cough! Shiba Inu cough! PEPE cough! DOGE Coin), which makes it difficult for them to reach a valuable mark in the near future. However, BEFE’s current market supply is only 100 Billion, which makes the coin scarce, increases its demand, and pushes it to reach the $0.1 mark in the near future.
So, how is BEFE performing now? At the time of writing this article i.e., on April 23, 2024, BEFE’s market price is at $0.0001648, showing an increase of 8.43% in the past 24 hours. In fact, the last 24 hours have been quite great for BEFE as compared to its weekly
