Comparing the Rise of SLERF, Shiba Inu, and BEFE Coin: Which Meme Coin Reigns Supreme?

The rise of memecoins is a witness to the ever-evolving crypto market, especially in the wake of the pre-halving era of bitcoin. Bitcoin has dropped over 10% from its March 14 peak. This has had an influence on the entire crypto trading market, as demand for spot Bitcoin exchange-traded funds (ETFs) has unexpectedly dropped.. Memecoins like SLERF, Shiba Inu, and BEFE Coin sustain the market.

SLERF

On March 15, trading volume on Solana’s blockchain reached its greatest level in more than two years, with memecoins such as Slerf, Snap and Siba Inu seeing massive trading volumes on DEXs, according to reports by CoinMarketCap and DEX Screener. As reported by DEX Screener, Slerf, the Solana-based memecoin, accounted for approximately $2 billion in volume on March 19, 2024, with the entire transaction volume on Solana estimated to reach above $11 billion. This was a particularly refreshing sight in the market following the FTX collapse in 2022. The popularity of Slerf surged after a developer “mindlessly misclicked” $10 million raised funds of Slerf to a burn address, pushing the value of Slerf to rise after the debut of the currency a day earlier. 

BEFE

Among all the cryptocurrencies, the BEFE token has experienced a remarkable growth trajectory that is not simply a result of market frenzy, or FOMO, but rather rooted in solid market trends. It is worth noting that BEFE coin, the reward token of Bitgert, has gained significant traction among day traders and long-term investors. Despite initial concerns, the BEFE coin, unlike Slerf, has gained a strong and dedicated community that fully supports its functionality. The strategy of BEFE coin aims to shift away from the fundamental deflationary model that other currencies like Slerf and Shiba Inu follow and BEFE coin goes toward a more inflationary approach. The aim of this change is to stimulate spending and boost network participation in BEFE coin. This strategy has pushed BEFE coin way ahead of Slerf and Shiba Inu. Bitgert’s active participation in the crypto community, unlike SLERF and Shiba Inu (SHIB), is responsible for this surge.

Shiba Inu

Shiba Inu (SHIB) has been a fan favorite for a while as one of the most beloved meme coins in recent times. Although Shiba Inu’s price dropped to the $0.00002 level and Shiba Inu is currently trading at $0.00002446, Shiba Inu has seen a rise in activity recently. However, it still indicates a 4.4% decrease in Shiba Inu’s price over the past 24 hours, which coincides with the overall decline in the cryptocurrency market as the market anticipates the BTC halving. When Shiba Inu is compared with other memecoins like BEFE Coin and Slerf; Shiba Inu still makes its way ahead in the race.  

Even though Slerf and BEFE coins are making strides, Shiba Inu has shown a 250% rise in the last two weeks, keeping it first among all. Second place goes to the BEFE coin!