Ups and downs are the norm in the cryptocurrency market. Recently, the market has shown a slight decline, with some of the best crypto currencies to invest in like $SOL, $BONK, and $SHIB dropping slightly in value. However, $SOL is back in the spotlight as $BONK and $SHIB start a new rally. Meanwhile, presale star $GFOX is now heading towards the $2 million presale mark.
In this post, we explore the new Solana uptick, $BONK and $SHIB’s rally, and the reasons behind $GFOX’s spectacular presale results.
What you'll learn 👉
Solana Explodes As $BONK And $SHIB Rally
$BONK, the first dog-themed coin on the Solana blockchain has emerged as the star of the Solana ecosystem. $BONK’s debut began with a remarkable surge of over 1,000%, only to subsequently encounter a notable setback with a 44% decline from its peak. Despite this discernible oscillation, $BONK continues to assert itself as a commendable performer – one that’s likely to surpass $SHIB to become one of the top 10 altcoins by market cap.
Over the past week, $BONK has exhibited a healthy surge of 26%, attesting to its resilience and dynamic market presence. What’s more, the memecoin has demonstrated an impressive overall growth trajectory, boasting a remarkable 355% upswing over the preceding month.
$BONK’s rally has ignited investor interest in the Solana ecosystem. The project was launched at a time when interest in Solana was waning, but its performance has brought a great deal of attention back to Solana, ironically serving to pump the $SOL price.
Solana’s Price Explodes
Solana has demonstrated immense resistance despite facing significant challenges associated with the collapse of the FTX cryptocurrency exchange. It stands as one of the best-performing cryptos this year, surpassing Ether’s ($ETH) performance since early fall. According to data from CoinMarketCap, Solana has appreciated by 606% in the last year.
The $BONK rally has also led to a sell-out of the Solana Saga smartphone, which has also led to an uptake in the price of $SOL. The coin has seen a growth of over 18% in the past 7 days, a growth that can be linked to the recent saga craze.
However, even with $BONK and Saga’s influence, $SOL is also rising due to the recent updates made to the Solana ecosystem. For example, Solana Pay is now accepted at hivemapper, for customers purchasing dashcams. Light protocol also introduced Solana’s ZK Anchor which also serves as a building block for their mainnet.
$SHIB Prepares to Rally
$SHIB has been making headlines recently, especially with its burn rate soaring and its foray into the domain name service. After weeks of fluctuations, the $SHIB burn rate seems to have stabilized, leading to the burning of over 1 million $SHIB tokens.
In the past week, $SHIB’s burning rate soared to over 4,000%, leading to a burn of more than 8.6 billion $SHIB tokens. Although it’s a slight decline from previous weeks, this surge hints at a potential shift in the upcoming weeks that could see the price of $SHIB reach new heights.
$GFOX Heads for $2 Million Mark
$GFOX is a new meme coin project that is causing waves not just as one of the best meme coins to buy, but also as one of the best cryptocurrencies to invest in. Since the beginning of its presale, investors have shown a lot of interest in this project, raising over 1.5 million in 4 presale stages. with the current growth rate, this coin is likely to raise over $2 million in the next few days.
The fast growth of $GFOX has caused a lot of speculation, with market analysts foreseeing a whooping 100X increase in the next few months as the coin moves on from the presale stage and into major cryptocurrency exchanges.
While $GFOX is a meme coin, it offers more than a run-of-the-mill meme coin. The $GFOX ecosystem is full of utility-focused features including a web3 game, a staking platform with rewards, merchandise, a token burn feature, and NFTs.
These features not only add value to the Galaxy Fox ecosystem, but also ensure that the value of is native $GFOX token doesn’t depend entirely on speculation – a smart move that will give the coin staying power. Smart investors will get in early on this one, as the retail launch is sure to skyrocket.
As $SOL resumes its upward trajectory, $BONK, $SHIB, and $GFOX continue to battle it out in the battle of the memes. While the three coins are promising, $GFOX’s surge toward the $ 2 million mark has investors excited for the insane profit margins this coin is likely to offer. If you’ve been wondering what are the best cryptocurrencies to invest in for insane profits $GFOX is one token you should be looking for.
Learn more about $GFOX here:
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