After Solana network congestion, BEFE Coin has come to the limelight as one of the emergent solutions with enormous transaction capacity and speed. The nascent meme coin is now in the spotlight, along with the growing momentum of its rate of adoption. Wanna know why? Let’s find out.

The Solana Network is Working Heavy!

The level of transactions, which requires high computation power on the Solana network, is overwhelming the system, leading to its throughput reducing to several thousand transactions per second and, therefore, transaction failures for a lot of users. Solana, on the other hand, boasts of a more efficient and cheaper system than Ethereum but is right in the middle of very severe network congestion. The communication between the nodes of the network would take an average time of 20-40 seconds; the loss rate of transactions was extremely high and would vary in the range of 30-50%. This would cause a long delay in the transaction and cause its eventual failure rate to rise to as high as 80%. It suffered severe congestion in October that led to liquidations, a user exodus, and an outage in February that brought its services down for five hours. The network has recorded nine big failures since 2021, which have combined to add more than 150 hours of downtime. Most of the Solana RPCs are under non-operational or degraded performance right now.

All about BEFE Tokens

BEFE is acting as an emerging meme coin powerhouse, looking to overtake the results of previous ETH-inspired digital currencies with bright launches and ground-shaking no-presale, no-tax policy. Incentivizing to stake BRISE and a grassroots, community-based model, BEFE breathes new life into the meme coin space. A standout from this has been its catchy memes and community-empowering strategy. Thanks to its availability, even on trading platforms such as PancakeSwap and Uniswap, BEFE has only rapidly increased coverage across the BSC and ETH communities. Although the trading metrics from its peak have slightly eased off, the strong underpinning values and community support indicate a quick resurgence and the development that follows, pointing to commitment toward fair practices and active promotion of meme coin culture.

BEFE’s Last Month’s Performance

Reflecting on the past month, BEFE's pricing narrative has showcased thoughtful price revisions and positive surges. From its high of March 25, 2024, at $0.00065322, this asset has undergone price changes in a number of intervals until it finally recorded $0.00032797 by April 9, 2024. In all these movements, trading volumes remained buoyant, hitting a high of $1,053,920 on the said 25th of March, climbing to $1,722,236 on March 24, then leveling down to a consistent level in the bracket between $300,000 and $400,000 by early April. This trajectory signals robust market engagement and a devoted investor community that bolsters promise for BEFE amid its pricing corrections and a signal for further ascent.

Is BEFE the Way to Go?

With SOL presently, there are congestion problems, where BEFE’s outstanding and very strong community is consistently there to support the meme aficionado’s growth potential. Investors should, regardless, note that caution should be taken when approaching, bearing in mind that all investments in crypto carry a certain risk.

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Buy BEFE coin from the below exchanges now!

Buy on Gate.io - BEFE/USDT
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Buy on Pancakeswap