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Recently, there has been a significant power shift in the meme coin market. With Dogecoin still failing to reach the $1 milestone, SLERF, a new sloth meme currency, debuted, Shiba Inu’s ongoing decline, and BEFE’s surprisingly stable performance.
What is the better performing meme coin out of the three, and why? See you later.
Upon entering the market, SLERF, the new child in town, quickly became popular. The buzz and promotion surrounding “SLERF” managed to entice all investors.
SLERF’s unanticipated rise from $0.3 to its ATH of $1.37 on March 19, 2024, was caused by the overhype. SLERF’s price is currently $0.59 on March 23, 2024, indicating that it is experiencing a drop.
SLERF has seen a percentile decline of 20.48% during the last day, and experts predict that SLERF will soon return to its $0.3 launch value.
The overhype of the coin and the dubious activity discovered within it are two of the main causes of SLERF’s abrupt rise and fall.
Investors have been notified to the news of the $10 million presale monies of the SLERF being burned “accidentally.”
It remains to be seen if SLERF will ride the meme waves or sink beneath them, even as the whales continue to have faith in the coin.
Shiba Inu is still failing to bounce back from its heyday during the final bull market phase of 2021, even after a million attempts.
In an attempt to increase Shiba Inu scarcity, Shiba Inu’s crew recently burnt 299 million tokens, however the effort has been for naught.
Rather, investors are either making money by trading Shiba Inu tokens or by staking them for other cryptocurrency.
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As of March 23, 2024, Shiba Inu is trading at $0.00002623, indicating a decrease of 3.08% over the previous day.
The value percentile for Shiba Inu’s weekly performance has dropped to 9.23%, placing it in the red zone as well.
Shiba Inu can only possibly make a comeback by moving in the direction of its resistance value, which is $0.00003. The possibility of Shiba Inu achieving this metric is slim but not impossible.
BEFE has been in the red zone for a few days now, primarily due to changes in the cryptocurrency market. Even while BEFE performed incredibly well in March 2024, it is currently gradually declining.
The current BEFE price is $0.0004056, which represents a 3.88% decrease over the previous day. But BEFE has a better probability of increasing going forward than SLERF and Shiba Inu do.
Disclaimer: The information provided is for educational and informational purposes only. It does not constitute financial advice, and you should always conduct your research or consult with a professional before making any investment decisions.
