According to Coinmarketcap cryptocurrencies are currently valued at $2.61 trillion. The main drive for the rise of cryptocurrency is Bitcoin. Bitcoin has recently surged to $71,000 due to the recent approval of Bitcoin exchange-traded funds by US Securities through the global crypto community. Considering the future of cryptocurrencies, the next big thing is the meme coin. The three meme coins of the future are SLERF, Shiba Inu and BEFE.
SLERF: The New Kid on the Block
Being a new player in the meme coin world, SLERF has attracted the attention of investors quickly. The valuation of SLERF was boosted significantly by the fever of its debut. However, the SLERF too has fallen lately which now brings serious doubts in SLERF regarding its sustainability for the future of SLERF.
A glitch experienced during SLERF’s presale is one of the reasons for some confusion making the price go down. Some of the money in SLERF was mistakenly burned, and this has left some investors doubtful about investing in SLERF.
Shiba Inu: The OG Meme Coin
In the meme coin craze of 2021, Shiba Inu was the first meme coin to get significant popularity. However, SHIBA INU did not manage to hold the price and currently, it is in a bearish trend. Not all of the investors are negative about SHIBA INU’s comeback, although its fate is uncertain.
Any meme coin is only as successful if its community is strong and active.
Although SHIBA INU will still be around, SHIBA INU will have to develop an attraction for such a coin, shift its primary function from profit-making Shiba inu to having fun making Shiba Inu, and also SHIBA INU should find a way of attracting new users.
BEFE COIN: THE RISING STAR
BEFE Coin is another meme coin infant, however, it is growing in popularity. The strong community-development focus of BEFE and the bullish technical patterns of BEFE make BEFE capable of achieving substantial growth.
The BEFE team is actively creating a dApp ecosystem that could interact with online gaming and social media for BEFE. Technically, BEFE’s cup-and-handle chart suggests future growth, backed by a passionate BEFE online community.
The meme coin market is a roller coaster, although, with thorough research, it can be one of the most interesting types of investment. The introduction of a newcomer’s dynamism in SLERF, the pre-existence popularity in Shiba Inu, and the utility and strong community in BEFE Coin. Volatility is inevitable, but any of the three has the power to determine the future of crypto. Keep in mind, DYOR and buckle up for a wild ride of SLERF, Shiba Inu and BEFE.
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