BTC halving will change the entire market scenario and the biggest changes will be seen in the meme market. One of these coins, BEFE, has shown incredible performance throughout the week following the halving session. This begs the question: Is the BTC halving the only reason BEFE is rising?
Why is BEFE growing?
Apart from the BTC halving event being the main driver of BEFE’s growth, there are other reasons why the coin had a strong week. Top of the list would be the launch of the coin on the SOL blockchain on April 15, 2024. The team also announced that BEFE has been listed on various trading platforms with increased availability. The availability on various trading platforms has attracted a wide variety of traders and has also increased the market value of the coin by several percentage points. Apart from that, Befe The team continually runs giveaways, community-building tasks, and various events to keep users engaged and BEFE viable in a volatile market. Another major factor in the coin’s growth is its rarity. There are various meme coins that are doing well in the market, but their circulation is in the trillions of dollars (cough! Shiba Inu cough! PEPE cough! DOGE coin), so it is unlikely that they will reach a value level in the near future. is difficult to reach. However, the current market supply of BEFE is only 100 billion coins, so this coin will become rare and demand will increase, potentially reaching the $0.1 level in the near future.
BEFE current market statistics
So, what is BEFE’s current performance? At the time of this writing, i.e. April 23, 2024, BEFE’s market price is $0.0001648, representing an increase of 8.43% in the past 24 hours. Masu. In fact, the past 24 hours have been pretty amazing. Befe When compared to the weekly performance, we see a drop of 25.77%. Looking at the past 24-hour performance, this coin reached an impressive high of $0.0001672 on April 22, 2024 at 10:20 PM. However, his 24-hour trading volume of the coin took a hit of his 9.80%. This is probably why investors are holding on to the coin in hopes that it will reach even greater heights in the near future. But if you ignore for a moment the performance before the BTC halving, last week wasn’t that bad.
After BTC halving, Befe The company’s performance has been steadily rising and is likely to continue rising. However, we recommend understanding BEFE’s market performance, patterns, and cryptocurrency scenario before making any investment decisions.
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