$BONK & $SHIB Sink Lower as Investors Buy Up This Presale Memecoin

Meme coins are now essential to a well-rounded crypto portfolio. Top investors always ensure they have one or more in their crypto holdings, but current options aren’t always so enticing with many scam coins and coins that lack utility. Recent market volatility has affected meme coins more than expected, sending favorites like $BONK and $SHIB on wild nosedives. However, smart investors seeking alternatives are now eyeing Galaxy Fox, the presale meme coin making waves. This ICO coin with GameFi utility is a safer and more profitable option, dubbing it the best crypto coin to buy now. $GFOX’s outlook suggests they may be right. 

Galaxy Fox: The Meme Coin to Beat 

Galaxy Fox may prove early investors right in the long run. The meme coin is likely to show outsized returns and live up to the vision of its creators. Strong optimism surrounds the ERC-20 token, and the general belief is that it’s the next meme coin to boom. Galaxy Fox’s features make this more of a possibility than wishful thinking. The intergalactic fox-themed token is equipped with features that make it appealing to major players in the crypto space. 

The Galaxy Fox ecosystem will combine GameFi features and meme coin elements, bringing optimum entertainment and fun to users. It will house a unique Non-fungible Tokens (NFTs) collection, which are billed to be valued digital assets months from now. This makes Galaxy Fox a valuable crypto project in all spheres. The meme coin’s deflationary nature means it has a high potential for value appreciation as its supply volume decreases. 

Galaxy Fox has a supply of 5 billion tokens, and 70% of them will go to presale. The remaining tokens will be judiciously allocated to community development, competition and prize, liquidity pool, and team allocation. The meme coin’s presale is gaining more popularity as crypto enthusiasts put faith in its potential. This has left Galaxy Fox on the verge of exhausting its allocation for its current stage, with over 92% sold. The meme coin is billed to enter its next stage with a higher token price than the current one. Thus, time is of the essence for potential investors looking to join the league of crypto enthusiasts poised to gain from $GFOX. 

Galaxy Fox’s next stage would be its 8th of 10, implying that it is nearing retail launch. Going by the general market outlook, there’s no better time to purchase the presale token than now. Many crypto enthusiasts will be glad they did when $GFOX gets to its retail stage. 

Can $BONK Turn Its Fortunes Around? 

$BONK’s current market performance comes as a surprise to many. The meme coin was tipped to rally impressively through this month, yielding higher profits than it did last month. But $BONK is presently doing just the opposite. The meme coin has been on a downtrend since setting a new all-time high a month ago, leaving it about 70% below its peak price. 

Analysts believe the general market decline is responsible for $BONK’s price dip. Hence, they expect it to bounce back when the market recovers. $BONK is based on the Solana-based network. Its utility will ensure it remains relevant for usage and adoption. Hence, it’s likely to bounce back from its current struggles. However, it may take a while for $BONK to reverse all its losses. This means existing holders may have to wait longer to recover their losses. 

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What to Expect From $SHIB This Year

$SHIB is the most valuable token in the Shiba Inu ecosystem. However, its value keeps decreasing in the market. The meme coin’s market valuation keeps decreasing and has dropped to 17th in the crypto ranking. Many fear $SHIB may drop out of the top 20 if it continues at this rate. $SHIB survived without utility for quite some time, but it’s now accepted as a payment method in several locations. Despite this, the meme coin still finds it hard to be as promising as it was in the past. $SHIB’s decline transcends the current market condition, and top investors no longer consider it to be the best crypto coin to buy now. The top dog-theme token may have outlived its prime, and competition will only get tougher with new coins like Galaxy Fox on the rise.

Conclusion 

Investors who are ahead of the curve have identified $GFOX’s presale as a better buy than most meme coins, and analysts believe the presale meme coin will offer outstanding returns. Potential investors yet to have a stake in $GFOX should hurry, as the clock is ticking on the meme coin’s presale. 

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

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Philipp Traugott
Philipp Traugott

Phil Traugott is a staff writer at CaptainAltcoin. As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.

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