For years, Shiba Inu ($SHIB) was ranked as one of the best meme coins to buy. However, the token is now facing stiff competition from a new rival, Galaxy Fox. As a result, investors have been migrating to this new project. Let’s take a look at why this trend is intensifying.
What you'll learn 👉
Why Shiba Inu Investors Are Migrating to a New Presale Project
Shiba Inu gained popularity among investors in 2021 after a massive price surge. However, the price of $SHIB has so far failed to repeat that performance. In 2023, many investors expected a price surge as Shiba Inu unveiled plans to transition from a meme coin into a project with utility, including crypto-backed loans and NFTs.
The Shiba Inu layer 2 network, Shibarium, was launched in August. However, $SHIB has failed to rally. The price of $SHIB has been on the decline in 2023. Year to date, Shiba Inu has lost 3% of its value and is down more than 90% from all-time-highs.
As a result, Shiba Inu has been struggling to maintain its place on the list of best meme coins to buy now. This steep price decline has forced many investors to buy into the presale of the hottest Shiba Inu rival, Galaxy Fox.
Galaxy Fox Has Potential for Bigger Gains Than Shiba Inu
Unlike Shiba Inu which was launched without utility, Galaxy Fox ($GFOX) was designed from the start with utility functions in mind. Although it has retained the fun nature of meme coins, Galaxy Fox will feature a thriving gaming ecosystem, giving this new meme coin an edge over the likes of Shiba Inu, Dogecoin, and Pepe.
The game is built around an exciting new web3 runner. $GFOX tokens will be earned by gamers for achieving top performance within the game. The $GFOX token has multiple uses within the game. Attribute boosters can be purchased with these tokens. Gamers can achieve an advantage in battles against other players by using these boosters.
Massive Rewards for P2E Gamers
The game will hold various segments of competitions from weekly to monthly. Gamers who emerge on the 20% on the leaderboard will be awarded in-game currencies. These rewards can be exchanged for $GFOX tokens, increasing the earning potential of gamers.
Gamers can also stake their $GFOX tokens to earn even more. The Galaxy Fox team has announced that they will be releasing a collection of 3,000 unique NFTs during the presale. Gamers who hold these NFTs boost their chances of winning.
The NFTs carry unique characteristics, strengths, and weaknesses to increase your competitive edge over your opponents. However, only those who have the $GFOX token will be given access to the NFTs.
A Chance To Join the Next Big Meme Coin
Industry experts have expressed bullish sentiments about Galaxy Fox as it is a meme coin that boasts massive utility, definitely making it one of the best meme coins to buy now . They have ranked Galaxy Fox as one of the best cryptocurrencies to invest in before the next crypto rally.
Investors still have a chance to join the project early. Currently, Galaxy Fox is at the first stage of its presale and is valued at $0.00066. Analysts have predicted a 450% return on investment for investors who get in early by the end of the presale.
Learn More About Galaxy Fox ($GFOX) Here:
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