Memecoins continue to draw attention at the start of this highly-anticipated and exciting crypto bull cycle. Bitcoin has made a temporary new ATH before its instant market dip has not fazed the crypto market in the least. In a matter of less than 24 hours, the market had corrections and Bitcoin was already on the rise once again.
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As the crypto community and the market waits patiently for Bitcoin to break this new ATH and push its ATH even further, altcoin continue to rally. Most recently AI coins like TAO, NMT, and RNDR have set new ATHs amid the bullish altcoin market surges. Additionally, memecoins like SHIB, BONK, BEFE, and PEPE are also surging continuously.
Some analysts have pointed out how strange its is for memecoins to have rallied first as these assets are usually the last to pump in a crypto bull cycle. While some analysts are concerned, others put an end to this line of worry.
To highlight, one analyst in particular says that memecons pumping is a good sign as its showcases the return of retail to the crypto sector. Memecoins pumping first simply means that retail is entering with a familiar and friendly token before diving deep into other altcoins or directly into Bitcoin (BTC).
Thus, amidst the memecoin rush, millions are being pumped into popular meme tokens such as Dogecoin’s DOGE and even FLOKI. The latter is set to burn a huge amount of its tokens later this week which will likely fuel a memecoin surge once again.
Most notable, Shiba Inu’s SHIB has seen millions flow into its market cap. So much so that the asset took the title of the crypto with the 10th highest market cap in the world. Still, another meme token is gaining popularity as it is seeing more million flow under its belt, even beating out Shiba Inu.
Rising as a rival meme token to Shiba Inu’s SHIB is the BEFE Token. By amassing over 50,000 community members in a relatively short time, BEFE is already proving itself as a token of the people. Memecoins are driven by community passion and the BEFE community has been most active.
BRISE holders have already begun to earn BEFE by staking BRISE. BNB, ETH, and BRISE are being swapped Pancakeswap, Uniswap, and IceCreamSwap respectively. Having launched without any presales and zero tax BEFE is well on its way to taking the memecoin crown this crypto bull season.
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