After witnessing a discouraging crypto winter between 2022 and 2023, the cryptocurrency market appears to have rebounded. Over the past three months, cryptocurrencies have experienced unprecedented rallies, breaking past multiple resistance levels. With a positive sentiment gripping the market and a bull run over the horizon, investors are eager to participate in the crypto market once again.
Many crypto traders and investors prefer to deal with mainstream cryptocurrencies like Bitcoin and Ethereum, which are also popular as "blue chip" cryptos. However, the meme coin space is gaining more and more popularity everyday, attracting ambitious investors who hope to make exponential returns on their investments. Let's take a look at some of the top memecoins to watch out for this year.
Dogecoin (DOGE), Shiba Inu (SHIB) and BEFE, are among the top memecoins to watch during the upcoming bull market. On-chain data reveals that traders are already rushing to buy these memecoins. The daily trading volumes of DOGE and SHIB have increased by 101% and 71% respectively, indicating strong interest from investors.
Data from CoinMarketCap shows that DOGE has been growing steadily over the past month, going from $0.081 to $0.12. Similarly, SHIB has gained more than 45% over the past month, going from $0.0000093 to $0.000013. Both DOGE and Shiba Inu have surpassed key milestones in terms of market capitalization as well. DOGE recently achieved a market cap of $18 billion, while Shiba Inu's market cap stands at $7.8 billion.
However, the popularity of DOGE and SHIB is under threat from an early stage memecoin, which has witnessed rapid growth. The Blockchain Ecosystem for Everyone token, which was launched in November last year, is quickly closing the gap to rivals like DOGE.
Despite being a newcomer, the Blockchain Ecosystem for Everyone token has become a top trending memecoin, thanks to sound fundamentals and user-friendly attributes. The visionary team behind this token opted for a fair launch to facilitate distribution, and also eliminated taxes on transactions.
In just three months of its launch, BEFE has reached a market capitalization of over $40 million, which is no small feat for a token of its kind. This token, which is backed by Bitgert, enjoys the support of an active and vibrant community that is eager to see it grow over the course of this bull market.
The Blockchain Ecosystem for Everyone has already been listed by major exchanges like MEXC, Gate.io, Uniswap, PancakeSwap, and AscendEX (BitMax), and is potentially headed for a listing on the world's largest crypto exchange: Binance.
Website: befetoken.com
Telegram: t.me/befetoken
Twitter: twitter.com/befetoken
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. 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. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.