The meme coin market has been known for its wild swings and unpredictable trends. The name that is catchy “Before Everyone Else” catapulted BEFE into the lead leaving notable players like PEPE and Bonk behind. Their focus will be on the new guard and what this means for BEFE’s rapid climb up.
BEFE ($BEFE)
BEFE only launched a month ago but has already become a household name. They have gone viral on social media with their rapidly growing community (Their telegram group has over 250,000 members!) leading to more than a 1,400% rise in value. Nevertheless, BEFE does not want to be just another meme phase. They are planning to develop an NFT marketplace, decentralized exchange (DEX), as well as charity programs according to their project roadmap. The question remains whether they will deliver on these or not but it is great news to find a meme coin that emphasizes utility rather than fun mascots. Unlike other meme coins before it, BEFE gives us a glimpse of what may come next in terms of having actual use beyond representing something adorable.
Bonk ($BONK)
There seems to have been silence around Bonk ($BONK); a once popular doggo darling powered by Solana went quiet too soon enough. Initially riding on Solana hype, Bonk’s price has taken quite a dip recently. This fall in Bonk’s price appears to correspond with the market correction and concerns with the Solana project. Such problems with connectivity would shake any investor’s confidence indeed; Bonk was no exception. Bonk will have to deal with these issues of the network or remain a doggo. The total supply of BONK is nearly 100 trillion BONK, with a significant portion distributed to Solana NFT collectors, developers, and artists.
Pepe-mynt ($PEPE)
The hype around Pepe coin ($PEPE) has been diminishing since PEPE, the famous green frog that ruled the internet for years, has started losing its grip on pepe like meme coins. Though Pepe coin had a good run in the beginning, PEPE coin’s price momentum petered out within weeks. Daily social media mentions about PEPE Coin recorded through CoinMarketCap show that Pepe coin’s community is shrinking with more than 70% fewer messages than at peak times. Pepe coin seems not to have any roadmap or great use cases apart from being a meme. In addition, broader market downturns and lack of vision has seen PEPE coin lose traction.
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Source: https://coinpedia.org/press-release/the-rise-of-befe-coin-farewell-to-pepe-and-bonk-in-the-meme-coin-arena/