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BEFE, a new meme coin, is shaking up the DeFi scene with its unique governance model and innovative tokenomics, showing a significant 30% surge in 30 days.
In the niche sector of meme coins, the latest addition, BEFE, is creating a buzz for its humor and its distinctive approach to DeFi.
Moving away from the hype-driven nature of its predecessors, BEFE is carving out a new path by integrating utility and innovation into its core. This coin isn’t just another meme in the crowd; it’s a tool for empowering its community to engage in a thriving DeFi ecosystem.
BEFE weights on community-driven governance
One of BEFE’s exponential features is that it is the first meme coin to emphasize a governance and participation ecosystem.
While other meme coins depend on clever branding and marketing, it steps further by adding deflationary mechanisms and reward structures.Although this token is inspired by the success of Shiba Inu, Dogecoin, and PEPE-like meme coins, this king leverages the collective wisdom and creativity of its ecosystem. This is one meme coin that enables users to fix the future direction of its Bitgert chain.
BEFE introduces deflationary mechanisms
As per the report from CoinMarketCap, BEFE has been on a surge since its launch in late last year. Over the past 30 days, BEFE has skyrocketed by more than 30%. Yet, its short-term bull cycle will continue. As per the technical indicators and price oscillators, more than 14 tools signal bullish sentiment around BEFE.
The TradingView chart also shows the MACD is currently above zero, which suggests that the BEFE price momentum is bullish.
However, the MACD is starting to turn down, which indicates that the momentum may be weakening in the short term. The RSI is currently at 46.09, which is near the middle of its range. This suggests that the meme coin is neither overbought nor oversold.
Based on the classical pivot point, BEFE has a support level of $0.000441 and the strongest at $0.000353. Similarly, its price resistance level is at $0.000769.
The overall market sentiments and the token’s potential suggest that in the coming week, the price of BEFE will potentially witness a rally of more than 70%.
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