Memecoin Season is Back as $SHIB, $BONK and $GFOX Turn on the Heat

At this point, we’re all aware that 2024 will be a bull season for the crypto market. While the crypto community awaits the bull market, memecoins have turned the heat up, outperforming other coins. 

This unexpected increase has sparked speculation that a new memecoin season is in the works. The new memecoin season has been led by Shiba Inu ($SHIB), Bonk ($BONK), and Galaxy Fox ($GFOX). In this article, we’ll highlight why these are the best meme coins to buy ahead of 2024. 


Shibarium Set New Milestone, Shiba Inu ($SHIB) Sets New Price Target

When Shibarium launched in August, there was great rejoicing in the Shiba Inu community. Understandably so, the layer 2 network was meant to elevate Shiba Inu from just being a meme coin. After a slow start, Shibarium is beginning to pick up pace as was intended. 

Kaal Dhairya, a lead Shiba Inu developer, has announced that Shibarium has hit the 130 million inscription milestone. In addition, Kaal stated that it hit the record faster than any other network. The massive growth has enabled $SHIB to experience significant price growth.

The Shiba Inu coin has now recovered above the $0.00001000 resistance. Reclaiming this level means we could see $SHIB rally to $0.00001200 in the coming days. Analysts have predicted that Shiba Inu could rally as high as $0.0001500 for the bull market, making it one of the best meme coins to buy.

Bonk Reclaims Support, New All-Time High in View?

Bonk ($BON) has been the buzzword in the crypto space over the last few weeks. The Solana-based meme coin turned up the heat and has been one of the most profitable meme coins to buy in 2023. $BONK has increased by more than 500% over the last 30 days. 

The listing of $BONK on Coinbase, one of the largest centralized exchanges, fuelled its massive growth. However, after $BONK established an all-time high of $0.00003461 on December 15th, it retraced below $0.00001915. 

The first Solana meme coin has now rekindled its bullish momentum and has recovered the $0.0000200 support level. With bullish momentum back and a new ATH in its sights, $BONK is one of the best meme coins to buy now.


Galaxy Fox ($GFOX) Brings Innovation To Memecoins, Sets New Record

Just like Shiba Inu and Bonk, Galaxy Fox ($GFOX) has a lot working for it. The project has managed to distinguish itself from other meme coins thanks to its incorporation of utility. Galaxy Fox has built a blockchain gaming ecosystem to finally put to bed criticisms of memecoins being fuelled by only hype and no utility. 

The Galaxy Fox ecosystem is made up of four primary components: the P2E game, NFTs, an NFT marketplace, and a merchandise store. The game is set in a virtual environment in which foxes explore and conquer many realms. 

Players will earn digital assets and $GFOX (the platform’s ERC20 coin) for their participation and accomplishments in the game. The team has announced the release of a 3,000-piece NFT collection. These are among the coolest NFTs because they are directly integrated into the game to serve as boosters for characters.

The Galaxy Fox merchandise store was designed to provide players with exciting things. Users who shop at the merchandise store will get points. These points can be converted to cash. Because of its massive utility, there has been a surge of interest in the project.

Galaxy Fox has converted this to a major milestone. In just a few weeks of its crypto presale, the project has raised more than $1.38 million, making it one of the fastest projects to achieve this. $GFOX has also increased by 100% to reach $0.00132. However, analysts have given even bolder predictions of up to 100x for Galaxy Fox in the memecoin season.

Closing Thoughts

With the memecoin season ahead, Shiba Inu, Bonk, and Galaxy Fox are the best meme coins to buy. While these coins are projected to rally massively, Galaxy Fox has caught the crypto community’s attention thanks to its utility. This is why it has been elected as the leader of the new memecoin season.

Learn more about Galaxy Fox ($GFOX) here:

Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter 

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Torsten Hartmann
Torsten Hartmann

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.