Unless you live under a rock, you must have heard that the BEFE team has officially announced over X (Twitter) that they will launch the meme coin on the Solana blockchain.
But to add further to this excitement, it is said that BEFE is planning 3 exchange listings soon.
Given this, people are expecting a lot from BEFE. They hope the next long-term target will be $0.023, a growth of 5000%.
In the last month, BEFE has grown by over 50%, and since its launch, it has grown by over 580%.
If we take this bullish momentum into account, then we can see two potential scenarios:
Scenario 1 (Aggressive Growth):
Months to reach target price = (Target Price – Current Price) / Monthly Growth Rate
Months to reach target price = ($0.0227 – $0.0004543) /2 (200% monthly growth)
Months to reach target price ≈ 3 months
Scenario 2 (Moderate Growth):
Months to reach target price = ($0.0227 – $0.0004543) / 0.2 (100% monthly growth)
Months to reach target price ≈ 7 months
BEFE’s presale phases sold out quickly, showcasing early investor enthusiasm. However, phase 5 has seen a slower pace. Taking that into consideration, it’s important to consider BEFE’s slower approach as well.
Here’s the interesting part:
BEFE’s move to the Solana blockchain will benefit it by investors getting faster transactions and lower fees. The love of the people in its previous phases has made market analysts stake SOL tokens on BEFE’s project. BEFE’s previous presale hype was so high that all the phases, from 1 to 4, completely sold out within a couple of hours.
Read CRYPTONEWSLAND on google newsEven though the price of Phase 4 was $0.055, investors still pushed the coin to achieve soft and hard capital values within 24 hours. BEFE coin’s current phase 5 is live at $0.075.
While the future is uncertain, BEFE’s potential move to Solana and investor interest create a buzz—a huge one.
What you should consider
Bitcoin reached its all-time high value of $70,083.05 on 8 March 2024. Being the crypto market leader, other coins have also got into the bull race, with meme coins leading it from the front.
Shiba Inu, PEPE, and BEFE are a few of the frontrunners on this front.
Even a simple $50 investment can be fruitful since the time is ripe in the crypto market. However, always DYOR before you invest in any coin, and take calculated risks.
To know more about BEFE, Visit https://befetoken.com
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