Market Analysis: BEFE Coin's Meteoric Rise Surpasses PEPE and SHIBA INU
Press Release
If the crypto market was based on just social media marketing and promotional stuff, then the whole blockchain adoption would have been on pause. This is why it is being seen that the meme currencies are unable to make much of a difference in the market when compared to the utility tokens.
BEFE coin is being compared to the Shiba Inu and the PEPE coin for the same reasons. BEFE coin offers more utilities to the users than the other two currencies. Also, BEFE coin focuses on improving the overall adoption of blockchain technology which is why more people prefer this token.
Let’s check out further reasoning as well, about why the BEFE coin is being chosen over any other token in the market.
Unveiling the Utility of BEFE Coin
BEFE was introduced to the market late in 2023 while the Shiba Inu and PEPE coins have been in the market for much longer. People have been investing in the other two for a longer duration and still, the BEFE coin is compared as the better choice.
The BEFE coin had first been focusing on being the meme currency and promoted itself as that. But later, with proper innovation, the BEFE coin collaborated with the Bitgert chain to start offering the fastest transactions and that too at affordable transaction cost. This also allowed the users to stake their tokens on the Bitgert chain for the BEFE coin as the reward.
Shiba Inu is based on the Ethereum chain but is not EVM compatible, which makes it much more of a token for the show. On the other hand, the BEFE coin is EVM compatible and it allows the users to be able to implement smart contracts. All these changes can create a difference between the BEFE coin and other meme currencies.
Increasing Market Performance Bandwidth
The only way to further clarify that the BEFE coin is better than the Shiba Inu and PEPE coins is to compare their market performances. In terms of how much the Shiba Inu gained after spending around a year in the market, it is close to 450%. On the other hand, the BEFE coin is growing at a rate of more than 500% in the crypto market.
The cryptocurrency market runs based on several market performance indicators as well. The trading volume of Shiba Inu is decreasing with each passing day. On the other hand, the BEFE coin has a perfectly green section. The KPIs of the BEFE coin are also much greater than that of the other currencies. People can see that the MACD value and moving average of the BEFE coin are on the positive side. The BEFE coin also has an RSI score over 55 which indicates that there is a strong buy signal for the token in the market.
These are some of the market information that clear the performance of BEFE coin in the market.
Conclusion
It is being observed that the world is changing and people now do not require a meme currency as much. With the increasing demand for utilities, the BEFE coin has added various features now. But the best part is that the BEFE coin is not growing as a token that will have bad omens in the family. But this is the right time to invest in the BEFE coin and start making some extra money.