Meme coins were introduced a decade ago as a joke. But today, it has become a strong investment asset that no one can deny. There are over 1300 meme coins in the world. Among this wide array of choices, it is observed that BEFE (BEFE), Shiba Inu (SHIB), and SLERF (SLERF) have been roaring with investor's attention.
Let's discover why through an active comparison of all the three coins.
Criteria
SLERF
Shiba Inu (SHIB)
BEFE
Market Cap (USD)
$298 million
$16 billion
$52 million
Blockchain
Solana
Ethereum
BRC20 (part of Bitgert ecosystem)
Total Supply
500 million
1 quadrillion (high supply)
100 billion
Use Cases
Limited real-world applications
Lacks real-world use cases, more hype-driven
Has various decentralized protocols
Community Support
Growing, but mixed sentiment due to controversy
Large and active community
Strong community support
Technical Indicators
Bearish trend with decreasing trading volume
High trading volume, short-term upmove
Bullish sentiment, Fear & Greed Index showing greed
Slerf has seen some positive momentum with SLERF tokens seeing high trading volume and significant price swings. However, Slerf also experienced a controversial launch incident. That's why Slerf lacks a strong hype. Slerf also doesn't have any significant real-world applications.
Shiba Inu (SHIB) has a large and active community. Shiba Inu recently enjoyed substantial growth since its inception. However, Shiba Inu's massive supply of tokens and reliance on hype rather than real-world use cases has limited its growth. This is why Shiba Inu has not seen significant price hikes recently. Despite this, Shiba Inu's short-term price performance has been positive.
BEFE, positioned is a great potential contender to established coins like Shiba Inu. It boasts impressive growth potential and a positive community sentiment. Its commitment to decentralization and fair distribution, along with predictions of significant price increases, make it an attractive option for investors even more than established coins like Shiba Inu. Additionally, BEFE is predicted to have various use cases within decentralized protocols, setting it apart from its competitors.
Overall, while each coin has its unique characteristics and potential. But BEFE stands out as a promising option over Shiba Inu and SLERF for investors when we look at:
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.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.