Despite some turbulence over the past few weeks, the macro bull market is undeniably back in full swing, and cryptos will follow stocks to ATHs later this year. Shiba Inu ($SHIB) network users are up an impressive 254%, and this new memecoin, Galaxy Fox ($GFOX), sets sights on top 3 position. Are these memecoins the best cryptocurrencies to buy now?
Increasingly, it appears that meme projects will dominate the 2024/ 2025 cycle. Anybody ruling them out as overly speculative gambits will miss out on serious gains. As memecoins go from jokes to ingrained parts of the culture, anybody who finds the right project early can net 100X returns.
What you'll learn 👉
Shiba Inu ($SHIB) 254% Increase In New Wallets
Shiba Inu has seen booming adoption, with a 254% increase in new wallets. Most of this action occurs on Shibarium- Shiba Inu’s native layer two scaling solution- and more affordable and faster transactions have always been great for drawing new users. Does an influx of new users make $SHIB a top crypto to buy now? Yes and no. Shibarium uses $BONE for native transactions, meaning this influx of new users will yield net buy pressure for $BONE instead of $SHIB.
A great overall uplift for the ecosystem and its related tokens. However, anybody bullish on the continued adoption of Shibarium should be purchasing $BONE instead of $SHIB. Regardless, this spike in wallet activity indicates that plenty more investors are moving on-chain and have an appetite for memecoin speculation. Is this an early signal of another memecoin mania season?
Galaxy Fox ($GFOX) Aims For Top 3
If another memecoin mania breaks out, Galaxy Fox could easily print 100X returns in a matter of weeks. This nascent presale aims for the top 3, and its ingenious tokenomics model and integration of a play-to-earn section fuel this mission. Already raising more than $3.2 million, this token has crossed the chasm of doubt and is firmly on its way to the top. $GFOX is rapidly becoming a leader among the best cryptocurrencies to buy this quarter.
Galaxy Fox’s economic model leverages a taxation system and a token burn to create a token with no new net issuance and a down-only total supply. Taxes fully fund its staking program, and with a price discovery phase post-TGE, early stakers will walk away with handsome rewards.
Its Web3 runner game enables worldwide competition, and the NFT layer adds a new layer to this challenge. NFT holders unlock special in-game stats boosts, and those skilled enough to end the season in the top 20% of the leaderboard earn prizes. An excellent onboarding funnel for new users and a fantastic earning opportunity.
But Galaxy Fox’s hidden weapon is its Treasury, which funds marketing efforts. This around-the-clock growth-oriented fund will dominate in the attention economy and add thousands more users to the protocol. Analysts list $GFOX as one of the top 5 cryptos to buy now and expect two massive growth phases. First, post TGE when payouts materialize, and second, later this cycle when GameFi becomes the dominant narrative.
Closing Thoughts: New Memecoins Outpacing the Old
New memecoins are rapidly outpacing their older counterparts, and projects like $GFOX are ready to rip past $SHIB. Memecoin investors want 100X returns, and the projects of the last cycle have grown too large to generate these returns. The best cryptocurrencies to buy this year are small caps yet to experience a bull market.
Galaxy Fox’s ICO offers an excellent opportunity to join a project gunning for the top spot at the earliest phase, and this micro cap is ready for takeoff. Investors only need to ask themselves if they will buy today or in six months when the price has already 100Xed.
Learn more about $GFOX here:
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A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters