Navigating the Meme Coin Frenzy: SLERF, Shiba Inu, and BEFE Coin in the Spotlight
Have You seen the craze around meme coins? Do those digital assets inspired by internet culture and viral jokes make sense? Love them or hate them, meme tokens like Dogecoin and Shiba Inu have taken the crypto industry by showing their craze. But in this investing, how do you separate the gems from the sketchy coins? Lets dive into three meme coins that have everyone talking: BEFE, Shiba Inu, and the fresh face on the block, SLERF.
BEFE(BEFE):
BEFE new contender to top meme coins like Shiba Inu and Dogecoin, it also focuses on a strong community. BEFE executes on a Proof-of-authority consensus mechanism. This POS provides speed and ease of use along with security. In the case of SLERF and Shiba Inu, these factors are missing.
This unpretentious token gained traction as a reward for staking Bitgerts native crypto. And get this it surged 458% in just one year! YES you read that right. Currently, BEFE is trading at $0.000403 and is expected to reach up to $0.001 in this bull run.
Shiba Inu(SHIB):
Remember when Shiba Inu (SHIB) burst onto the meme market in 2020, challenging Dogecoins position? This self-proclaimed DOGE killer briefly had everyones attention, thanks to certain Influencers and billionaires tweets about Shiba Inu. Shiba Inu token price skyrocketed 4,000% at one point, and its still hanging tough.
Shiba Inu is trading at $0.00002658 with a $15 billion market cap. But lately, its been a rough price movement for Shiba Inu. The scalability issues and a 3% daily dip remind, meme coin trading isnt for the faint of heart.
SLERF(SLERF):
Now, lets talk about the latest meme in the market SLERF. SLERF a Solana-based meme coin inspired by animal tokens made one heck of an entrance this week.
SLERF coin was launched recently as a Solana-based-meme coin this week. SLERF has gained popularity after its developers accidentally lost their raised funds to a burn wallet address. SLERF coin is trading at $0.5931 on crypto exchanges. Currently, SLERF has a tiny $296 million market cap.
With a $615 million in 24-hour trading volume, SLERF has the caught markets attention. But heres the catch its still a new token and lacks any utility and adoption beyond the hype.
Conclusion
Looking at the meme coin frenzy is a wild ride, full of potential for risky investors. Shiba Inu, SLERF, and BEFE all have their advantage and disadvantages. Shiba Inu has already given much returns whereas SLERF is just a few days old token. But, BEFE coin appears to be placed better over meme tokens like SLERF and Shiba Inu. Crypto is risky, do your research before investing.
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
