Shiba Inu ($SHIB) is racing to claim a spot among the top ten cryptocurrencies and briefly achieved this feat last week. Now $SHIB sets up for a major price move as Galaxy Fox ($GFOX), a new memecoin, shocks with $4 million ICO. Memecoins are moving fast, and with Bitcoin ($BTC) breaking its ATH, retail will be flooding back into markets soon.
Markets are on the cusp of another round of memecoin mania, and historically, the second leg up has always been far more explosive than the first. It is time to look at why $SHIB and $GFOX are among the best cryptocurrencies to buy and hold this cycle.
What you'll learn 👉
Shiba Inu ($SHIB) Sets Up for Major Price Move
Shiba Inu has been the top-performing memecoin among market leaders, having rallied more than 50% in the last week. The burn rate has increased with devs removing more than 9.6 billion $SHIB tokens from open markets. Adoption of Shiba Inu’s layer two scaling solution Shibarium is also rocketing, and the ability to swap other ecosystem tokens like $LEASH and $BONE with fractions of the fees has proven popular.
The old $1 price target is even being touted again. And while realistically, $SHIB has no chance of reaching $1 this cycle given its already swollen $19 billion-plus market cap, there is massive upside on the cards for investors buying now. Last cycle, $SHIB reached a $40 billion market cap and will break its ATH this cycle.
All eyes have pivoted to $SHIB breaking resistance at $0.0000372, which will ultimately set the trend for the next movement. If Shiba Inu breaks above this level in the coming days/ weeks, it will be plain sailing until $0.0000456. Will $SHIB firmly cement itself in the top ten cryptocurrencies this cycle? The current trajectory suggests a resounding yes.
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Show more +Galaxy Fox ($GFOX) Soars Past $4 Million
Galaxy Fox has flown past $4 million, and naturally, the next target for this up-and-comer is a hundred million dollar market cap. Memecoins have several stages, and $GFOX’s ability to shoot past $4 million speaks volumes for its future.
Most memecoins die before they even reach a $100,000 market cap. Those that flip this level then target the $1 million level. However, when a memecoin crosses the $3 million market cap range, it has reached a velocity that, more often than not, carries it to a market cap exceeding $100 million. It goes without saying that early $GFOX buyers stand to make a fortune in the upcoming retail launch.
Galaxy Fox is a next-generation memecoin that ditches the single-dimensional build for multi-faceted architecture. It includes a play-to-earn game, and Galaxy Fox’s infinite runner pays out prizes and provides a perfect onboarding funnel for new users. The prize pool is distributed at the end of each season, and the protocol even integrates its NFT collection into the game, with holders unlocking special in-game advantages.
Staking rewards are another divergence from the prototypical memecoin design. All $GFOX holders unlock passive income, and earning yield on a token loaded with upside potential naturally pushes $GFOX into the ranks of top cryptos to buy right now.
Closing Thoughts: Memecoins Ready to Fly
Memecoins are the fastest movers this cycle, and later in the year, there could be a handful of new meme additions to the top ten cryptocurrencies. With retail teetering on the edge and ready to jump back into markets, crypto-natives want to buy up as many meme tokens as possible.
The second leg of memecoin mania is about to start, and small-cap gems like Galaxy Fox can easily print 100X returns in this environment. Join this exciting presale today before it closes!
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
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