When new coins emerge in the crypto market, they either tend to follow existing giants or forge a new path. But, most of the time, the latter does not happen, and coins tend to follow the same trajectory as their predecessors. Currently, BEFE is one of those altcoins that is following the journey of Shiba Inu and PEPE coin.
Shiba Inu & PEPE Coin’s Journey: Similar Or Different?
Though both Shiba Inu and PEPE coins were launched years apart, in August 2020 and April 2023, respectively, the two coins have some clear similarities that investors are talking about. One of the major similarities that one can observe is that PEPE coin is performing exactly like Shiba Inu did in its initial stage by thriving in the bullish market.
Another close resemblance between the two is the total supply of both coins, with Shiba Inu having 589.53 Trillion tokens and PEPE coin standing with 420.69 Trillion coins in the market. Since Shiba Inu has a unique burn mechanism, it might match PEPE coin’s current supply value soon.
Besides, almost all PEPE coin holders are investors in Shiba Inu, which has affected the growth of both coins simultaneously. Additionally, both meme coins have active communities on the Internet, with PEPE coin fans sharing jokes and memes and the Shiba Inu army engaging actively with the ongoing news.
BEFE To Follow Shiba Inu & PEPE Coin’s Journey
Coming to BEFE, the meme coin is following both Shiba Inu and PEPE coin’s overall journey. It had a massive growth since its launch in November, 2023 and achieved its ATH of $0.001127 on December 27, 2023, during the onset of the bull market.
Moreover, BEFE has an active community of around 43K on X and 33K on Telegram, with engaging users matching that of Shiba and PEPE coins. Like Shiba Inu, BEFE also has a staking policy, where investors can only earn the meme coin by staking their BRISE tokens.
Besides, BEFE is currently seeing a surge of 502% within four months of its launch, while Shiba Inu and PEPE coin are seeing an overall surge of 1915359.97% and 310.72% respectively. The sudden surge is due to the influence of Elon Musk in Shiba Inu, which is indirectly affecting other meme coins in the market as well.
Final Words
Looking at how BEFE is following the footsteps of Shiba Inu and the PEPE coin, it is bound to reach the heights that both of them had achieved during their time in the spotlight. However, it is still better to wait and observe the performance of all three coins and then decide which one is better for your portfolio.
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Buy on Gate.io – BEFE/USDT
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