Whether you like them or not, memecoins have been a crowd favourite for the longest time.
Memecoins like Shiba Inu made millionaires left right and centre in the last bull run and with this bull run just getting started, which memecoin are you willing to back? An old player like Shiba Inu or new players like SLERF and BEFE?
SLERF
Solana memecoin Slerfsol (SLERF) saw a fairly successful launch after its creator mistakenly burned over $10 million worth of funds from investors during the March 18 presale.
The team behind SLERF bounced back quickly but the hype and the price aren’t growing at the same rate. SLERF still has a long way to go.
In the last 7 days, SLERF’s price has gone down by 7.30%.
SLERF has just been launched and there’s no clear bullish or bearish sign for SLERF. There isn’t enough information which can help us build trust on SLERF.
Shiba Inu
Shiba Inu was created in August 2020 under the pseudonym “Ryoshi” as an Ethereum-based alternative to Dogecoin.
Shiba Inu claims to be “an experiment in decentralized spontaneous community building” and has a total supply of one quadrillion tokens. Shiba Inu’s value has displayed remarkable volatility, with the primary usage revolving around speculative trading rather than acting as a payment method.
Shiba Inu reached an ATH of $0.00008845 on October 29th 2021 with a market capitalization of $52.1 billion. Shiba Inu has only seen an increase of 1.61% in the last 7 days.
Shiba Inu is underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
BEFE
BEFE which was launched with no presale and has zero taxes is deemed to be the next memecoin king. Early investors who participated in BEFE’s fair launch walked away with an impressive 550% return on their investment in just 4 months.
There has been an increase of 29.38% in the last 24hrs.
BEFE is more than a simple memecoin.
Thanks to its combination of powerful tokenomics, a concrete use case roadmap, and a committed community, BEFE could surpass its ATH.
BEFE continues to position itself as the funniest and most meme-worthy crypto, setting itself apart from the likes of Shiba Inu, and inviting investors to join its journey to the moon.
Conclusion
New age memecoins are all the rage right now and BEFE is being called the new memecoin king. SLERF is just getting started and hence it’s hard to predict SLERF’s price trajectory.
BEFE is in the same spot that Shiba Inu was undergoing in its early stages, except it is doing that in a bull market. BEFE might just surpass Shiba Inu’s legacy.
The bull run is still in the early stages, and this is a good opportunity for investors to join in and memecoins like SLERF, Shiba Inu and BEFE might bring you impressive returns.
But it’s important to remember that meme coins are extremely hype driven and are notoriously volatile. So always DYOR before investing in any crypto asset.
Memecoins like SLERF, Shiba Inu and BEFE are considerably susceptible to fluctuations based on sentiment and hype so don’t forget to DYOR.
