Meme coins have always surprised the general rules of finance because of their abnormal market dynamics. The price volatility in such coins is mainly seen due to their cult-like communities. However, just when people thought that they were losing the spark, BEFE appeared and stole the show.
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BEFE is regarded as one of the hidden gems of the meme coins with a potential of returns crossing over 100x.
Let us understand why:
Why is BEFE trending at the moment?
It is trending right now due to its remarkable performance in the cryptocurrency market. It even saw some record-breaking fluctuations recently that caught the attention of crypto whales for its pre-sale on Solana Chain.
BEFE is most known for its surge of over 580% in 5 months alone. In fact, in the last week itself, it grew by over 45% around the excitement of its presale. This is the biggest reason why it is a hot topic among crypto enthusiasts.
What makes it a potential 100X gainer?
BEFE has a lot of USPs as a meme coin and as a cryptocurrency that gives it the potential for exponential returns. These USPs have made analysts believe that its long-term price target is $0.01 which is 200x more than the current price of $0.0004895.
But to put this in order, here are the biggest reasons why the coin is believed to be a 100x gainer:
- Firstly, if we look at the second half of the above chart, then it is the line that shows the ADX levels of the market vs BEFE. This uptick in market activity aligns with the observed increase in its price, reinforcing the bullish sentiment surrounding the coin. Also, the MACD line is above the signal line. This indicates positive price momentum in the coming weeks.
- BEFE‘s upcoming presale event could just be the exact push BEFE needs for a meteoric rise.
- Additionally, BEFE’s utility-driven approach sets it apart from other meme coins in the market. BEFE is used as a reward for staking Bitgert and its team is working hard to develop an entire DeFi ecosystem.
- BEFE is also committed to fostering a strong community and providing tangible benefits to its users.
All these reasons make BEFE a probable 100x gainer. But please DYOR before investing in any meme coin, as they are subject to extremely high volatility that can lead to huge losses.
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