The meme coin rally started in late February 2024 and has been going strong till now. While Shiba Inu, one of the OG meme coins, is still unable to perform during the rally, BEFE coin is showing green signals to the users. However, there’s been a new entry in the market, SLERF, a sloth-theme coin, which immediately gained attention upon entering. Which of the three coins will come out at the top?
SLERF
Investors had high expectations from SLERF, hoping that it would turn their investment into millions. Due to this, investors raised around $10 Million for the SLERF presale. However, the SLERF developer “accidentally” burned the entire SLERF fund. While some genuinely believe that it was an accident, others think it was a marketing stunt by SLERF to gain attention. But, as of March 23, 2024, SLERF is falling apart, with the current SLERF price being $0.6093. Moreover, the charts show that SLERF had a double top pattern a few hours back, indicating a bearish reversal pattern. Comparing SLERF’s past 7 days data, it has experienced a downfall of 7.35% and analysts are predicting that it might reach its initial SLERF launch value of $0.3 soon.
Shiba Inu
Though Shiba Inu saw a nice rise at the beginning of March 2024, it couldn’t hold itself at the top for long. That’s because investors are losing trust in Shiba Inu and using the Shiba Inu tokens to swap other potential coins. Besides, around 298.71 Million Shiba Inu tokens were removed from the circulating supply on March 13, 2024, for the Shiba Inu token burning event, a feeble attempt by the Shiba Inu team to save the coin. The Shiba Inu activity has also decreased, with only 11,800 active users recorded on March 5, 2024. As of now, i.e., March 23, 2024, the Shiba Inu price is at $0.00002819, indicating an increase of 6.74% in just 24 hours. However, it is unlikely for Shiba Inu to rise much, unless major whales show up and support Shiba Inu.
BEFE Coin
While SLERF and Shiba Inu are facing backlash, BEFE is rising steadily. After seven days of being in the red zone, with little correction, BEFE is now in the green zone. Right now, on March 23, 2024, BEFE is standing tall at $0.0005023, showing a rise of 24.38% in the past 24 hours. Besides, the chances of BEFE rising are high due to its earning policy. Investors can only earn BEFE by staking their BRISE tokens, and since the latter is showing high potential, it is indirectly affecting BEFE’s growth.
