With giants like Bitcoin and Ethereum experiencing value jumps, an unconventional player is trying to grab the attention of the crypto world: BEFE. In this week alone, BEFE gained 45%. But what led to this gain, and will this continue in the days to come? Let’s find out.

What is This BEFE Coin?

BEFE stands for Blockchain Ecosystem for Everyone. Launched in 2023, this meme coin isn’t driven by social media hype alone. It comes with a unique utility for Bitgert holders. Individuals who whole Bitgert can stake their coins and get rewarded with BEFE coins.

In addition to offering a utility, this meme coin comes with some USPs. For instance, it has zero gas fees and processes transactions extremely fast while ensuring security. BEFE also seems to offer better scalability than its alternatives.

What Led to the Rally?

Presently moving around $0.0005631 (26 March 2024), BEFE has been performing well since its inception. According to data from CoinMarketCap, its price has increased by over 700%, and its market cap has reached $60 million since its launch. However, there was something special about the recent 45% rally. Let’s find out what!

The news on BEFE’s presale deployment on Solana had the crypto world on its heels. Launched in phases, the 1st phase came out on 23 March. And ever since, there have been four successful phases, boosting the value of the meme coin a little higher each time.

While phase 5 is ongoing at a price of $0.075, it’s expected to bring positive results, considering the fact that investors are mandated to buy BEFE coins only worth $50 minimum. This minimum purchase limit is way lower than its counterparts, who’re asking for a minimum investment of $5,000. No wonder it took BEFE just 29 minutes to reach its soft capitalization rate in the 1st phase.

When a coin exhibits parabolic growth, it’s not hard for it to reach billions. Everyone is aware of the famous Dogecoin and Shiba Inu. With that said, the BEFE coin is expected to continue this rally as the 6th phase of presale goes live at $0.085, according to experts.

Conclusion

With a massive week-on-week price surge, people sitting on the sidelines must be experiencing FOMO for real. And why wouldn’t they? BEFE

 has already generated life-changing profits, and the presale is giving further positive signals. However, make sure to invest some time doing your own research before investing in this highly volatile market.

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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.