Meme coins are a top runner in the crypto world. Dogecoin, and self-claimed Doge killer Shiba Inu, Pepe Coin are at the top of the list. But, BEFE is there to compete with them. So, how will this affect the current positions of Shiba Inu and Pepe Coin in the charts?
Is Shiba Inu on its Way To a Downward Slide?
Shiba Inu was created as a contender to Dogecoin in 2020 by Ryoshi. Shiba Inu is a smart Ethereum-based ERC-20 contract. It was at its brightest when Elon Musk showed his interest in owning a Shiba Inu puppy called Floki. In fact, it shot the prices up as high as 4000%. But, now Shiba Inu is all bark, no bite. After offering sweet gains to its investors for almost 2 weeks, Shiba Inu crashed over 45% as of press time.
Shiba Inu struggles with scalability offering only 200 TPS while BEFE is at 100K TPS. Shiba Inu works on demand and supply but even with a market supply of over $15.12 billion, it is operating on 74-level greed. It depleted 4% and reached $0.00002566 in the last 24 hours.
Where Does Pepe Coin Stand in This Trilogy?
Pepe Coin was launched as a tribute to the original popular Frog character Pepe Peter. Pepe Coin does not offer real utilities for most meme coins. Hence, Pepe Coin is quite vulnerable to the market trends. Pepe Coin was one of the first coins to be a victim of the market pitfall. Although Pepe Coin surged 400% in the last month, it declined 15% in the last 24 hours. Even with sustainable engagement and 28 million tokens worth, Pepe Coin had only 17 green days. Pepe Coin has a resistance level of $0.0000065 and support of $0.0000050.
How is BEFE becoming a Popular Choice?
Launched in 2023, Blockchain Ecosystem for Everyone ( BEFE) is not just a regular meme coin. It offers utility as well as it is used as a reward for staking Bitgert. Unlike Shiba Inu and Pepe Coin, it has grown over 500% since its launch. Pepe Coin reached a market capitalization of over $45 million and was currently up 70% in the last week. Shiba Inu is trading at $0.00043. Analysts expect it to reach a whopping price of $ 0.009 by the end of 2024.
Conclusion
The future is speculative. Shiba Inu is expected to reach $ 0.0005 by 2025 while predictions for Pepe Coin show only 5% growth. BEFE is expected to grow 30%. Hence, it is crucial to dig deeper and only then invest in your favored digital asset.
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