Memecoin mania has started again, and recorded open interest on altcoins continues to break new highs. Investors are rapidly switching to risk-on, and bear market investors will suffer sidelined watching the 2024 meltup.
A new cycle means a new cohort of winners, and the top 5 cryptos to invest in are all fresh protocols yet to experience an actual bull market. Bonk ($BONK) is expected to possibly flip Shiba Inu ($SHIB) in 2024 as Galaxy Fox ($GFOX), a new memecoin, will rank in the top 5. Times are changing, and investors have one choice- evolve or die. Welcome to the 2024 memecoin meta.
Bonk ($BONK) Ready to Flip Shiba Inu ($SHIB)?
Bonk has already flipped Pepe ($PEPE) and now sets its sights on Shiba Inu- crypto’s second largest memecoin. This success of this new memecoin perfectly encapsulates the changing meta and the preference of crypto-natives for fresh projects. Newer tokens like $BONK have fewer investors holding at unrealized losses (a hidden bearish pressure). Additionally, their narrative as an up-and-comer is inherently more attractive than stagnant projects such as $DOGE and $SHIB.
Solana ($SOL) has become the home of memecoins following $BONK’s massive rally, and as the native $SOL token rallies, it creates an enormous amount of wealth. Newly rich holders explore the ecosystem and pump smaller tokens. This is how $BONK overtook $PEPE.
Experts forecast $SOL being a top crypto buy this cycle, strengthening the $BONK $SHIB flippening thesis. Liquidity within the Solana ecosystem has proven incredibly sticky, and all this new wealth will pump $BONK and other Solana-native projects. Investors still holding large percentages of their portfolio in tokens from the last cycle need to rotate, and fresh projects like $BONK and $GFOX are perfect options.
Galaxy Fox ($GFOX) Journey To The Top 5
Galaxy Fox has been pumping non-stop despite still being in its presale. Early investors have already seen five dramatic price increases, and anybody fast enough to join Stage 6 will enjoy a 15% increase on their initial move into Stage 7.
Macro conditions always affect a token’s potential, and the stars have aligned for Galaxy Fox. Memecoin mania provides one tailwind, and the growth of GameFi offers a second. It is one of the only P2E/ meme projects on the market and the best option for exposure to both narratives.
The top 5 cryptos to invest in are all small caps, and Galaxy Fox still has a sub $2 million market cap. In the last cycle, P2E and memecoins reached multi-billion dollar valuations. Galaxy Fox’s journey to the top 5 will generate enormous wealth for early participants. And the biggest winners will be stakers earning greater and greater payouts in the Stargate module.
A runner game with a Web3 twist rests at the center of this ecosystem, and the top-ranked players earn payouts at the end of each season. This onboards users, and when considering what crypto to buy, investors need to understand how the ecosystem will grow.
Galaxy Fox distinguishes itself from the competition and has two central avenues for onboarding new users. First, the runner game. Second, the Treasury. Merchandise sales and taxation revenue will fund the Treasury, which in turn supports marketing efforts. In the bull market, an effective marketing strategy can quickly draw tens of thousands of new users into a project.
Galaxy Fox has everything. Residual income, a P2E game, a viral aesthetic, and, best of all, a solid onboarding mechanic. An easy 100X on its way to break into the top 5.
Closing Thoughts: New Coins Good, Old Coins Bad
The top 5 cryptos to invest in are all new coins. They have smaller market caps, fewer investors facing unrealized losses, and better designs, learning from their predecessors. It may be a hard pill to stomach, but anybody holding last year’s top performers will drastically underperform this cycle.
Galaxy Fox’s presale continues to build momentum, and the window of opportunity to buy massively undervalued $GFOX is closing faster than investors imagine. Its current performance indicates it will be one of 2024’s top gainers, and participating now is a ticket to easy money in as little as six months.
Learn more about $GFOX here:
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