The BEFE Coin: Goodbye to PEPE and Bonk in the Meme Coin Market
BEFE Coin has garnered attention owing to its distinct methodology, despite its recent introduction into the cryptocurrency market. It entered the market tax-free and without a pre-sale, unlike its predecessors, and positioned itself as a genuinely decentralised asset for the community. Because of this, its primary selling point is restoring memecoins to their former splendour without imposing fees on transactions, which makes it a compelling option for anyone who are tired of the way the memecoin market is currently operating. The fact that BEFE coin’s developers are committed to building a vibrant community and making sure it has practical uses distinguishes it from other meme tokens.
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BEFE
BEFE has gone viral in just one month after its inception. Their worth increased by over 1,400% as a result of their fast expanding community, which went viral on social media (their Telegram group has more than 250,000 members!). But BEFE isn’t looking to become a passing fad. This project’s road map includes the creation of a decentralised exchange (DEX), a marketplace for NFTs, and charities. Finding a meme coin that prioritises practicality over entertaining mascots is fantastic news, but it is unclear if they will actually implement these features. When compared to previous meme coins, BEFE shows promise for a future when meme coins serve a purpose beyond mere representation.
Bonk
Bonk ($BONK), a beloved canine mascot originally powered by Solana, has mysteriously gone silent. After rising on the back of Solana hype, Bonk’s price has fallen sharply as of late. The market correction and worries about the Solana project seem to have coincided with this decline in Bonk’s pricing. Any investor would be shook to hear about such connectivity issues; Bonk was no different. If Bonk doesn’t fix these network problems, he’ll just be a doggo. With a large amount going to Solana NFT collectors, developers, and artists, the total supply of BONK is around 100 trillion BONK.
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Pepe coin
Since the iconic green frog known as PEPE began to lose its sway over pepe-like meme coins, the excitement around Pepe currency ($PEPE) has been dwindling. Despite an initial surge in value, PEPE coin’s price impetus quickly faded. According to data compiled by CoinMarketCap from daily social media mentions of PEPE Coin, the community surrounding the coin is contracting, with over 70% fewer communications than during peak times. Aside from its status as a joke, Pepe Coin appears to lack a roadmap and excellent use cases. Furthermore, PEPE coin has lost momentum due to larger market downturns and a lack of direction.
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