A new battle is brewing in the ever-entertaining world of meme coins. Defying many critics, Bonk ($BONK) has continued to trend upward. With its growth rate, $BONK is on track to overtake Shiba Inu ($SHIB). While Arthur Hayes, how long will it take for Bonk to overtake $SHIB?
There’s more that could shape the future of the meme coin space. Amidst the meme resurgence, Galaxy Fox ($GFOX) has become one of the top meme coins to buy. The rapid growth of $GFOX could see this newcomer flip $PEPE in 2024.
What you'll learn 👉
Arthur Hayes Backs Bonk ($BONK) To Overtake Shiba Inu ($SHIB)
Shiba Inu is one of the most recognizable names in the entire crypto space. It has been one of the best meme coins to buy for years. Well, its dominance could be over in the meme coin space thanks to the emergence of Bonk ($BONK).
Bonk is not only the first Solana-based meme coin but also a medium to increase liquidity on Solana-based decentralized exchanges (DEXs). In terms of gains, Solana is one of the best altcoins for 2023, gaining over 600%. The growth of Solana in 2023 has made $BONK one of the best meme coins to buy now.
This utility and favorable climate of $BONK has seen its market cap surge to $1.2 billion in December. Shiba Inu still lies ahead of Bonk with a market cap of $6 billion. However, Arthur Hayes, the co-founder of the BitMEX exchange, has backed Bonk to overthrow $SHIB soon. Why?
Firstly, Solana has been predicted to continue growing in 2024. Also, the amount of liquidity that flows through Bonk is almost four times that of $SHIB. Also, with Shiba Inu struggling and Bonk one of the top meme coins to buy, the Solana-based meme coin is in a good position to challenge $SHIB.
Galaxy Fox ($GFOX) on Its Way To Flip $PEPE in 2024
Like Shiba Inu, Pepe Coin ($PEPE) was one of the breakout altcoins to watch in 2023. Pepe’s price and popularity peaked at an all-time high in May. Ever since, $PEPE has been on a decline; this is why Galaxy Fox ($GFOX) has been projected to flip $PEPE in 2024.
Galaxy Fox has a major advantage on its side heading into 2024: utility. While Pepe is just a meme, $GFOX is the ERC20 coin that powers an entire blockchain gaming ecosystem. The Galaxy Fox ecosystem features a play-to-earn (P2E) game, non-fungible tokens, an NFT marketplace, and a merchandise store.
$GFOX plays an important part throughout the ecosystem. The token is used to reward users for their achievements within one of the most immersive games to date. But that’s not all. $GFOX is part of the taxation system, was built with deflationary tokenomics, and is the governance medium of the Galaxy Fox ecosystem.
Holders of the token can participate in governance proposals, stake their $GFOX, and earn staking rewards. The utility of Galaxy Fox has given it an edge over $PEPE, making it one of the top meme coins to buy heading into 2024.
Already, the project is enjoying massive support from the memecoin community. Galaxy Fox has raised over $1.5 million just a few weeks after its unveiling. In that period, the $GFOX token has jumped from $0.00066 to a high of $0.001518. With the projection of a 100x price surge, Galaxy Fox could flip $PEPE before the end of 2024’s bull market.
Closing Thoughts
The memecoin space is heating up with the emergence of projects like $BONK and $GFOX. Galaxy Fox has reignited community enthusiasm that memecoins can be more than just joke assets. Instead, it’s built for utility and exponential growth. So jump on the $GFOX starship soon, because this rocket is headed for the moon.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
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