After a turbulent period of downward pressure, Bitcoin has roared back to an uptrend over the past week. The world’s leading cryptocurrency has reclaimed the $70,000 level, reigniting bullish perception across the entire market.
This resurgence is providing the perfect backdrop for a new altcoin craze to take hold. Back on March 14th when BTC touched a fresh all-time high of $73,000 amid its latest halving event, speculative trends around smaller tokens went into overdrive.
Now history appears to be repeating itself, with Bitcoin’s rally injecting a surge of buying pressure into the altcoin. But the biggest surprise? It’s not just traditional projects capturing investors’ attention this time meme coins are leading the charge!
BEFE Coin Erupts as Meme Trend Takes Hold
While top meme coins like Dogecoin and Shiba Inu have predictably received a fresh wave of speculation, one underdog is quickly emerging contender. The doggy and froge-inspired, BEFE coin has stolen the spotlight. BEFE coin has had an incredible 20% up move over the past 24 hours!
This latest pump has sent BEFE’s price to $0.0005647 as crypto whales aggressively accumulate this asset. Over the past week, the upstart memecoin has tacked on a blistering 40% surge that shows no signs of slowing as per its price movement.
The investors and whales who identified and invested in BEFE in its early days, have gains equate to potentially 10-20x returns. From just one year ago, BEFE has now skyrocketed over 680% higher to a market valuation of $56.32 million.
Will BEFE Ride the Next Memecoin Wave?
With over $472,587 in daily trading volume continuing to flood into BEFE, Expert analysts are predicting this meme coin will continue this price movement and admit the bull run. Many even compare it with parallels to Dogecoin’s shocking pump from obscurity to mainstream virality and predict BEFE could be positioned as the “next Dogecoin.”
If this surging meme coin momentum continues escalating at its current pace, BEFE will achieve more market share. Even a fraction of Dogecoin’s peak $31 billion valuation would represent over 500X potential upside from here.
Bottom Line
Now, if you want to invest in little risky meme coins, BEFE can be your top choice. Today’s 20% upswing proves to be the start of something much bigger remains to be seen. The potential to score Dogecoin-like gains has traders scrambling to accumulate the BEFE coin while they still can. However, meme coin prices fluctuate more so it’s better to research price movement.
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