The first Solana-based dog memecoin, $BONK, has grabbed headlines this past month with a mind-blowing 2,300% increase – and still soaring a further 128% just in the past week. With insane gains like that, as well as a jaw-dropping performance of the Galaxy Fox ($GFOX) presale, it’s easy to see that the bull market is back in full force, and memecoin fever is resurging right along with it.
So first let’s have a look at what all the fuss is about $BONK, before taking a look at the new kid on the block, $GFOX, and see what’s the best crypto to buy now.
$BONK launched amidst a rare alignment of the stars, where Bitcoin’s epic surge was flooding the market with fresh capital at the same time that Solana was making a huge comeback after narrowly escaping the fallout of the FTX collapse. Fortunately for Solana, their hands were clean. So while the project did take a tremendous hit due to its close ties to SBF and FTX, as the $SOL price briefly sank down into the single digits, it managed to rise up like a phoenix and embark on a blazing rally to its present $65 region.
It was in the midst of that hype that $BONK was born under some very lucky stars, and the memecoin’s price has since gone…well, bonkers.
But after going ridiculously parabolic for the past month, just how much Bonking does Bonk still have left in it? If there’s one law of gravity that applies to crypto, it’s “what goes up must come down.” And that’s especially true of price action as related to memecoins on blistering price rallies. The faster the elevator goes up, the harder and faster it tends to come down, leaving those poor souls trapped inside utterly rekt.
So while it’s great to sit back and watch the $BONK fireworks, and maybe even buy some of the dips, getting into a memecoin that’s already pumped over 2000% is perhaps not the best financial advice – even though $BONK may indeed still have plenty of bonking left to do. So safe to say, probably not the best crypto to buy now.
The Case for $GFOX
On the flipside, we have $GFOX – a new memecoin/P2E hybrid built on Ethereum that brings together the best of meme culture and GameFi. This powerful combination gives $GFOX an edge in terms of utility and growth potential, as it has multiple use-cases and a vibrant community that appeals equally to both fans of memes and gaming.
Galaxy Fox is based around a cutting-edge Web 3.0 game that’s both engaging and offers real-world income potential. With 50% of the prize money split among the top 20% on the leaderboard, players can win substantial prizes.
The ecosystem of $GFOX includes a booming NFT marketplace. These NFTs are more than just collectibles; they improve users’ game experiences by providing more competitiveness and agility.
The early success of this new ICO crypto has been largely attributed to its presale approach. There are 10 phases to the presale, and the token price rises with each one. Potential investors feel pressured by this best ICO design, which also encourages early investment. Nearly $500K has already been raised so far in the first two presale rounds, with phase two now nearly sold out.
Final Thoughts
$BONK benefited greatly from being in the right place at the right time – just as the bull market came roaring back to life, and just as Solana was rising from the ashes. This stroke of luck, along with some clever utilities and a cute design, has seen $BONK soar like few coins ever have. But the time to get in on $BONK has clearly already passed. The Bonk Train has left the station and there’s probably not much upside left in chasing it – while the downside risks are indeed very large. Meanwhile, Galaxy Fox is just getting started and hasn’t even appeared on retail exchanges yet. This gives huge amounts of room for growth and profit for those who get in early, making it the best crypto to buy now. So check out the links below to learn how to get involved in a presale, way ahead of the retail crowds.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
