After an explosive rally in March, the meme coin market is experiencing a very strong pullback. In spite of the bearish trend sweeping across the market, Pepe ($PEPE) emerged as one of the best meme coins to buy, posing gains of over 15%. It has since shown a retracement of 12% over the past week, but remains up more than 585% over the past 30 days.
Joining $PEPE at the top of the meme coin market is Galaxy Fox ($GFOX), a new ICO crypto. Galaxy Fox is quickly gaining traction for bringing utility into the meme coin space. In this analysis, you will find out more about $GFOX’s potential to become a top 3 meme coin.
What you'll learn 👉
Pepe ($PEPE) Outpaces the Meme Coin Market
In recent weeks, some of the best meme coins to buy have been produced by the Solana network. During the early part of this month’s meme market rise, the likes of $BONK, $WIF, and $MYRO dominated with triple-digit price increases. Nevertheless, negative pressure has taken a significant toll on these meme coins as well as the rest of the market.
On the weekly chart, $BONK is down 30%, while $WIF and $MYRO are down 28% and 40%, respectively. With its most recent 15% price increase, Pepe ($PEPE) is leading the gainers’ column while these meme coins are having difficulty making a resurgence.
With its market capitalization over $3.4 billion, $PEPE has recovered above the $0.000008100 resistance thanks to the latest advance. Pepe’s standing as one of the top meme coins to buy is confirmed by the monthly chart, where it has seen gains of more than 500%.
The recent price surge of $PEPE also coincides with an increase in whale activity. According to a recent Spot On Chain report, two traders have spent 3.67 million USDC and 300 WTAO (WrappedTAO) for 460.2 billion PEPE tokens and $1.12 million to acquire 100 billion PEPE tokens.
Galaxy Fox ($GFOX) Raises Excitement As It Chases a Top 3 Spot
While the meme coin market has been dominated by Dogecoin and Shiba Inu, Galaxy Fox ($GFOX) is a new player with a potentially huge impact. There have been a lot of talks about Galaxy Fox because it solves the problems that have limited the growth of many meme coins.
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Show more +Galaxy Fox’s introduction of a blockchain gaming network challenges the widespread belief that meme coins are without use. Galaxy Fox is a hybrid protocol designed to compensate early investors who take part in the Web 3 runner game and receive rewards for doing so, making it one of the best meme coins to buy now.
As they participate in the web3 runner game and hit milestones, players will receive $GFOX tokens and other NFT in-game rewards. Additionally, Galaxy Fox has better tokenomics—it has just 5 billion $GFOX. In addition, there will be a recurring burn of $GFOX and deflationary tokenomics.
The team behind Galaxy Fox operates a well-organized distribution system, allocating over 70% of its whole inventory to its ten-phase presale. This new cryptocurrency earned a place on the top ICO list in recent history. Because of its unique model, there has been a very high demand for $GFOX, the ERC20 coin of the ecosystem.
Over 3.5 billion tokens have been sold off, helping the project raise over $5.2 million in presale. Now in its final stage and preparing to launch, $GFOX is priced at only $0.00364. However, the 100x forecasts of crypto experts put $GFOX in contention to become one of the top 5 meme coins in the first few weeks of its launch.
Closing Thoughts
The recent surge in whale activity is fueling the price surge for Pepe, as it leaves the rest of the meme coin market in the dust. Meanwhile, the novel model introduced by Galaxy Fox has made it one of the best meme coins to buy, as it looks to claim a top spot in the meme coin market.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
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