It's not news that meme coins yield some of the most profitable gains in crypto. From old-timers like Dogecoin and Shiba Inu to newcomer gems like Pepe and Bonk, meme tokens are stealing the spotlight in the crypto market.
$PEPE reached its all-time high recently, peaking at $0.0000107 before retracing to around $0.000008056. Investors that bought $PEPE at its lows in 2023 would have acquired over 5000% increase in their portfolio.
Insane profits like those of $PEPE are common with meme tokens characterized by witty design, intense hype, and a solid community. However, $PEPE is down 21% amidst the ongoing price correction in the crypto market.
$PEPE's price is down 30% from its ATH of $0.0000107, with its current value ranging around $0.0000078 to $0.0000081. Despite this pullback, $PEPE has remained up by over 500% in the last 30 days.
Given that the market is currently experiencing a correction as a result of profit-taking from traders, there's a good likelihood that $PEPE will regain strong upward momentum once the market stabilizes.
In the meantime, as memecoins like $PEPE hit new all-time highs, investors looking to invest in meme tokens consider those with relatively low prices. Using this approach follows the popular advice of "buying low and selling high."
The best opportunity available for investors to buy low is through presales, Initial Coin Offerings (ICOs), and Initial Dex Offerings (IDOs). These events offer investors the opportunity to buy a token at the lowest price possible.
Buying a crypto coin at presale before it launches on crypto exchanges affords investors the chance to earn remarkable profits. One of the most promising presales is that of Galaxy Fox, an ethereum-based play-to-earn meme coin.
Ready for the next play-to-earn sensation? Galaxy Fox is a new exciting play-to-earn game that doubles as a meme token. And with the meme season in full bloom, $GFOX is off to a great start.
Galaxy Fox is a crypto game that combines the thrill of space adventure with the excitement of multiplayer battles and challenges. Galaxy Fox gamers get spectacular NFTs and other in-game assets for subsequent quests.
The NFTs are available at the game's NFT marketplace, and interestingly, they can be sold at other exchanges, such as OpenSea. These NFTs are limited, with only 3000 available, facilitating a price increase as the game gains adoption and demand increases. Players can decide to hold their NFTs or opt to sell or swap for $GFOX tokens.
Galaxy Fox rewards users with points for completing game quests; players can exchange the points for $GFOX tokens to earn real money. Occasionally, as a way to incentivize players, the top 20 players are selected and rewarded with a prize stash of the native currency.
Investors can earn from Galaxy Fox in a number of ways. If you're not much of a gamer, you can buy $GFOX tokens and stake them to earn passive returns. The more tokens you stake, the greater your profits. Similarly, the longer you hold the tokens, the higher your accumulated earnings.
Galaxy Fox is able to pay investors returns due to the staking mechanism in place. For every transaction with $GFOX, 2% is sent to the staking pool, another 2% to the liquidity pool, and another 2% to the Treasury. This way, investors can earn rewards for contributing to the ecosystem.
From a total supply of 5 billion tokens, 5% will be allocated to competitions, bonuses, and prizes; 10% goes to the liquidity pool; 5% to the team; 10% to the ecosystem; and the remaining 70% will be sold.
Overall, with $GFOX's deflationary mechanism and budding interest among investors, the token has the potential to yield anywhere from 5x to even 100x. Buying $GFOX at the presale stage is the best way to get in early to earn exceptionally when the token goes live.
For Info about $GFOX, visit Galaxyfox.io
$GFOX presale is in its final stage, with over 89% of its tokens sold out. With limited tokens available, Galaxy Fox presale is still open for last minute investors to hop into. The next stage of the project is the token launch, which is going to make $GFOX available on exchanges and open for trading.
$GFOX is an Ethereum-based token and will be live on Uniswap V2 after launch. The project has many exciting milestones down the line, including the launch of the brand's merchandise, the introduction of new characters, and further partnerships. As Galaxy Fox heads towards launch, investors can get $GFOX tokens at 0.00364 USD each using either ETH, USDT, or fiat currency.
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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.