Shiba Inu recently took some big steps and burned $75,000 worth of $SHIB tokens with some of the fees from Shibarium. Also, its Shibarium network has completed 90 million transactions, which is a great accomplishment. But while these are positive trends, the price of $SHIB is still declining, and investors have started to search for new meme coins to buy.
Now, many are turning their attention to Galaxy Fox as a potential answer to these market ups and downs. So, what’s important to know about this new player in the market?
What you'll learn 👉
$GFOX Dethrones Leading Meme Coins
Competition in the meme coin market is always intense, but $GFOX seems to be handling it really well. In fact, this new crypto raises the bar among meme coins, P2E projects, and the best altcoins and offers a unique way to earn while having fun. Built around a classic runner game, Galaxy Fox rewards the top 20% of players each season with prizes that can be exchanged for $GFOX tokens.
In the game, players can buy NFTs to boost their stats and later sell these NFTs on the platform’s own marketplace. Upgrades are available for purchase with $GFOX tokens for those looking to improve their gameplay. Notably, half of this spending goes into the next season’s prize pool.
While skilled players can win big, Galaxy Fox also offers staking rewards, letting everyone in the ecosystem earn. The buy-and-sell taxes help fund these staking payouts, directly linking the ecosystem’s growth to rewards.
Galaxy Fox also hops on the meme coin trend with its catchy design and marketing, supported by the Treasury, which collects 2% of all transaction taxes. Also, $GFOX is hyper-deflationary, aggressively reducing its supply through burning mechanisms, keeping the token supply scarce and valuable.
Galaxy Fox’s presale concept is one of its most attractive features and a big reason it’s one of the best meme coins to buy. As you go through the presale, prices will rise. With 90% of the tokens sold in the current third stage, it seems like another price rise is on the horizon.
Overall, if you’re looking for a stable investment in the unpredictable market and aiming for high returns, this new ICO crypto could be your best bet.
Why is $SHIB Falling?
Shiba Inu has had some positive things happening, but its price keeps going down. It recently fell from $0.00001015 to $0.0000098, slipping below the $0.00001 support level. With this drop, we can see that the coin is heading in a negative direction.
The massive supply is a major issue for $SHIB and often hinders its continuous development. There doesn’t seem to be enough token burning happening to maintain momentum or decrease the supply to cause a substantial price rise.
This, on top of the general market instability, makes it difficult for Shiba Inu to grow sustainably over the long term.
Bottom Line
When it comes to meme coins, the market is more or less used to the fact that these joke-based cryptos are temporary trends that will have some quick hype and then disappear. However, $GFOX seems to be changing this narrative by building a project that is fun, rewarding, and future-proof. The presale for this gem is selling out quickly, so if you’re on the hunt for the best meme coins to buy, take a closer look at $GFOX.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
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