Since the launch of BEFE, the meme coin king has been making some noise in the crypto world. It has experienced a record-setting rise in price, which may look common to others as it is just some meme coin. But as BEFE left established players in the dust, enthusiasts began to dig deeper. It is found that the token’s potential goes beyond its impressive price history, as the project features a passionate community, a transparent development team, and exciting plans for the future. 

Now, analysts are projecting a staggering 5000% surge for BEFE. Leaving many investors to speculate whether its tokenomics will allow such a trajectory.

BEFE price performance: To the Moon or Crash!

Noting the extraordinary performance of BEFE we have kept an eye on the token’s last 1-month price trajectory. We have found that more than 14 technical indicators have signaled a bullish trend.

The MACD indicator is currently below zero. The MACD line (blue line) is also below the signal line (orange line), which suggests a possible short-term rebound but could surge in the long term as it’s not too down. The RSI is currently at 39.42, which is considered oversold territory but as investors are more hodling and the word of this project spreading, as it’s only been 4 months since its launch, the price may go further bullish side. 

The VWMA is slightly above the price, which is another indication of a possible uptrend, as being a meme coin volatility is common. But the utility that the meme coin holds, can help the price captivate more eyes.

Based on the classical pivot point, BEFE has a support level of $0.000395 and the strongest at $0.000348. Similarly, the BEFE price resistance level is at $0.000770.

BEFE: The talk of 5000% gain

With the crucial surge in price, BEFE made many millionaires. Seeing the factor of having utility despite being a meme coin and the interest of investors towards BEFE, analysts believe that the price might surge by more than 5000%. However, to achieve that, its market cap, which at the time of writing sits at 4.31 billion, needs to grow by 2.2 trillion. Although it sounds impossible in the short term BEFE’s burning mechanism and potential for growth on the Bitgert chain, known for its speed and low fees, shouldn’t be ignored. 

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• Buy on Gate.io – BEFE/USDT
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