BEFE is a young meme coin that has almost created mayhem in the crypto world. With consistent price growth since its launch, the BEFE coin is there to stay, unlike most of its counterparts. But will this meme coin become the new Dogecoin? Let’s find out.
BEFE
This meme coin entered the crypto world in late 2023 without presales and zero taxes. And ever since, it has never failed to amaze crypto enthusiasts. BEFE has shown a decent rise in its price and market cap. Unlike most meme coins that lack a road map, BEFE focuses on a utility-driven approach and is working on a DeFi ecosystem.
Also, the meme coin charges zero gas fees and processes transactions at lightning-fast speed. Moreover, it offers better scalability than its alternatives.
Dogecoin
Dogecoin entered the crypto world in December 2013. Similar to BEFE, after the coin hit the market, it registered a massive surge of about 1061%. This surge took the coin’s value from $0.0002 to $0.0023 in a fortnight. As of 28th March 2024, its market cap is at 31.03 billion.
There were several factors that led to the success of Dogecoin. For instance, it came out at a time when people wanted to play with cryptocurrencies, and because of this, the meme coin caught the attention of investors. Also, the Dogecoin community made massive donations to the right causes, which further attracted investors over time.
Comparative Analysis
On comparing Dogecoin and BEFE, one can find multiple similarities and differences. For instance, both dogecoin and BEFE used memes to gain popularity. Also, both the meme coins focus on real-time use cases and community engagement.
Coming to the differences, Dogecoin, similar to Shiba Inu, operates on single blockchain platforms. On the other hand, BEFE uses multiple blockchain ecosystems, enabling interoperability, reduced transaction costs, and better scalability.
Wrapping Up
With USPs such as scalable and fast transactions, zero gas fees, a massive community, and consistent growth, the BEFE coin is expected to touch new heights in the coming days. Also, based on the current price predictions, BEFE’s price is expected to rise by a massive 225.89% from $0.0004758 to a massive$ 0.001904 in a month’s time.
While one can say it’s following a similar growth trend as that of Dogecoin, it’s advised to do your own research if you are thinking about investing in BEFE.
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