BEFE Coin is the hottest meme coin, taking the crypto world by storm this week! It saw an increase in price grabbing the attention of investors worldwide. But what exactly happened that is making investors crazy?
So let’s rewind the tape and look back in time to see how BEFE Coin is making news.
Day 1: BEFE’s website saw a surge in traffic in early April, with visits skyrocketing to 21.9K and engagement spiking 626.5% compared to March. The enthusiasm of investors could be seen.
Day 2: Many enthusiastic BEFE coin buyers started to tweet about its potential. This got serious when Crypto guru “Sijuu” tweeted his excitement about BEFE’s upcoming exchange listings, and its strong sustainability on its market cap of more than $40. This action may have motivated new investors to enter
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Day 3: At this time when all other cryptos were struggling with a price correction, BEFE experienced a rally of 31%. This led to a rise in its market cap straight to $55M. Leaving many market observers speechless, people went crazy on Twitter. The chart below shows this rise
Day 4: BEFE officially announced the completion of the prescale event and the participants would be receiving tokens via airdrop soon. This strategic partnership with Solana, a leading blockchain development firm, further overhyped its current position.
Day 5: Amongst all these developments going on Citex officially announced the launch of BEFE on its exchange. This triggered #BEFE trending on Twitter, with users knowing that this partnership will allow new investors to enter. People throughout the world started sharing their enthusiasm and predictions for continued growth.
Day 6: On the following day of listing on the CITEX exchange, BEFE disclosed that it would launch on an unspecified date, and the unsold presale tokens would be used for over-the-counter (OTC) deals. This would result in improving its liquidity and growing community
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What to Expect Next?
We can already conclude that the previous week was a wild journey for BEFE. Now only time will tell how high can it go. But one thing is certain for sure BEFE has entered into the meme coin market to disrupt it with its long-term vision. It can be a prime candidate for a meme coin portfolio.
The crypto market is highly volatile and unpredictable. Hence, it’s always recommended that DYOR invest only in what you can afford to lose before making any investment decision.
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