The first two months were like a golden duck for the crypto market. With some coins hitting their all-time highs and newcomers breaking the records of their predecessors, there was a lot to catch up on. However, certain meme coins like Shiba, SLERF and BEFE were highlighted more than others.
All in all, the crypto market with meme coins taking center stage is like a cherry on top for investors looking to maximise their returns and hit that million jackpot. However, which of the three meme coins- Shiba, SLERF or BEFE—is the ultimate contender?
Shiba Inu
Shiba, which was initially launched to compete with DogeCoin, proved to do wonders for the investors. With gains of 1,984,600% since its launch, Shiba stunned the market with its potential. With investors raving about making millions and crypto market reviving due to Shiba, it was commendable to witness Shiba’s growth. However, after every peak comes downfall and the same happened with Shiba. While Shiba Inu had a glorious 2023, the same couldn’t be said for 2024, as Shiba has witnessed a major downfall since the beginning of 2024, paving the way for coins such as BEFE to soar higher than Shiba Inu.
BEFE
While Shiba Inu was promoted as the “DogeCoin Killer”, there was a stronger force on its way to takeaway the title and be reclaimed as the king of meme coins; the coin is none other than BEFE. Since BEFE’s launch, BEFE has witnessed nothing but a surge.
With its strong fundamentals and appealing features, BEFE took over Shiba’s limelight in no time. Since the time of its launch, BEFE has yielded a whopping return of 550% to its initial investors. Analysts predict that BEFE will cross Shiba Inu’s gains, leading its investors to turn cents into millions faster than Shiba did.
SLERF
SLERF is a new name in the market as compared to OG coins like Shiba. However, what surged the popularity of BEFE in 24 hours was its association with Solana and how SLERF crossed the $1 mark in the 24 hour span of SLERF’s launch.
What confused the investors about SLERF’s potential is how it looks more like a speculation game hyped up by the Solana community. SLERF might have put on a show for investors right after SLERF’s launch, however, its lack of utility and poor fundamentals point out SLERF as a poor competitor.
Conclusion
SLERF, Shiba Inu and BEFE have performed well within their phases; however, the current market scenario puts BEFE at no. 1 owing to its steady and consistent results, then Shiba owing to its proven track record and then SLERF due to its nascent stage. It is essential to do your research and align the investments with your risk appetite to maximise the returns and prepare for any downfall.
