Memecoins are running, and consensus stands that this vertical will be one of the pockets of overperformance relative to the general crypto market this cycle. Investors like high-octane speculation, and that is not going to change- memecoins are here to stay.
But within the memecoin arena, there are different tiers of tokens, and regarding what cryptos to buy now, investors should be targeting new projects launched this cycle. CorgiAI ($CORGIAI), Dogecoin ($DOGE), and Shiba Inu ($SHIB) disappoint as dogwifhat ($WIF) and Galaxy Fox ($GFOX) are soaking up the spotlight – and the profits – in the crypto market.
CorgiAI is a meme project playing on the AI angle and launched on the Cronos ($CRO) blockchain. Perhaps in a move to differentiate itself from the dominant ecosystems ($ETH & $SOL), however, this decision has led to its downfall. The lack of liquidity on the chain and difficulty accessing it has led to a lackluster performance.
Shiba Inu and Dogecoin continue to face mounting threats from newer projects. Despite being among the absolute best cryptocurrencies to buy in early 2021, these old dogs look tired. Both have bloated market caps incapable of producing exciting returns, plenty of investor fatigue, and vast numbers of sellers facing unrealized losses waiting to sell into any pump and kill upward momentum.
Markets show a clear preference for newer, shinier tokens, and when talking about what cryptos to buy now in the memecoin space, the answer is obvious. New projects with tiny market caps and a holder base of investors all aiming to land a 100X.
Galaxy Fox ($GFOX) and dogwifhat ($WIF) are currently dominating markets and have solidified their positions as the top cryptos to buy right now for memecoin enthusiasts. $WIF has replaced $BONK as the Solana ($SOL) native favorite and is one of 2024's obvious trades. However, the real token to watch this cycle is $GFOX.
It brings a novel hybrid design to market, and blending the P2E and memecoin genres has proven resoundingly popular with investors. Galaxy Fox's presale has already raised in excess of $3.4 million, and the funding rate shows no sign of slowing. Its P2E component acts as an excellent onboarding funnel for new users and enables anyone to win cash if they can end the season in the top 20% of the leaderboard.
The ecosystem integrates NFTs, which have a utility application in the Web3 runner game. Anybody holding one of these NFTs unlocks special in-game bonuses, and Galaxy Fox boasts a secondary marketplace where investors can trade their digital assets.
Galaxy Fox's memecoin exterior and branding give it that essential viral nature, but the true genius lies in its tokenomics model. $GFOX holders can earn staking rewards, unlocking passive income, and the rewards are fully deflationary. Galaxy Fox achieves this via its token burn and use of taxes to fund payouts. $WIF already has a $350 million market cap. $GFOX has a roughly $3 million market cap. Do the math.
$GFOX and $WIF are flying while $CORGIAI, $SHIB, and $DOGE stagnate, showing the market values newer projects over old this cycle. Rotate accordingly and do not become a bagholder of the last cycle's giants.
When it comes to what cryptos to buy now to win this cycle, there is one obvious answer: $GFOX. Participating in the presale makes you an early adopter in 2024's hottest ICO, and this is the point of maximal financial gain. Join the Galaxy Fox journey today!
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.