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The recent price pump from Bitcoin has strengthened claims of 2024 being an unprecedented bull year for the crypto market. As the cryptocurrency market enters another bullish market, investors are searching for tokens that have the potential to yield ROIs of up to 10x. Like in previous bull markets, the best altcoins for returns this large are often meme coins.
In recent months, the meme coin market has become more competitive. The more inventive Galaxy Fox ($GFOX) is now posing a threat to the more established players, Dogecoin ($DOGE) and Shiba Inu ($SHIB). Continue reading to find out which token, $GFOX, $DOGE, or $SHIB, has the most chance of ranking among the best meme coins to buy in 2024.
Joining the crypto market, Dogecoin ($DOGE) has been on the rise over the past few weeks. On the weekly chart, the price of $DOGE has increased above the $0.08100 level, but technical indicators suggest it could see even more gains in the coming weeks.
As per a report shared by Crypto Breakout, $DOGE is on the cusp of a symmetrical triangle breakout. According to the analysis, if Dogecoin breaks out to the upside of this pattern, we anticipate a bullish rally of around 30% in the short term.
This means that Dogecoin could retest levels at $0.124 in the coming weeks, making it one of the best meme coins to buy. However, if the bullish momentum holds over the coming months, then $DOGE has been forecasted to see even more gains.
In trying to emulate Dogecoin's success, Shiba Inu ($SHIB) became known as the $DOGE Killer and has become the largest meme coins today. Notwithstanding $SHIB's inability to surpass $DOGE as the top meme coin, the meme coin has managed to carve out a distinct niche for itself in the cryptocurrency market.
Since 2023, the project has been unveiling several new projects, the biggest being Shibarium, a layer 2 network. For the time being, the group has focused on improving development. The team has also disclosed plans to attract more developers to the network.
Kusama, Shiba Inu's principal developer, recently revealed that they had been working on "Something for SHIB." The increasing progress is the reason $SHIB remains one of the best meme coins to buy. From its current range at $0.000009500, $SHIB has been forecasted to peak above $0.00001500 in 2024.
Galaxy Fox ($GFOX) is a new entrant to the meme coin space, challenging the top players, Dogecoin and Shiba Inu. Unlike other meme coins that offer their users next to no utility, Galaxy Fox has built a blockchain gaming ecosystem that seamlessly blends with the meme coin culture.
The P2E game, a captivating Web3 runner, is the foundation of the Galaxy Fox virtual universe. With their unique NFT fox characters, players will embark on thrilling journeys throughout several worlds within the game.
Based on their accomplishments in the virtual environment, players receive rewards and are ranked on the intergalactic leaderboard. In addition, players can profit from holding the ERC20 coin, staking $GFOX, taking part in extra events, and making purchases in the store.
Galaxy Fox has been highly rated among crypto experts for bringing massive utility into the meme coins pace. This is why it remains the favorite to increase by 10x in 2024.
Although their periods of exponential price increase are past, Dogecoin and Shiba Inu are still among the best meme coins to buy ahead of the 2024 bull market. Therefore, if you're looking for a cryptocurrency that has the potential to appreciate by 100x in the 2024 bull market, $GFOX might be the best choice.
The fact that Galaxy Fox's launch will take place in a bull market only serves to bolster its bullish prospects. $GFOX is now the cheapest inexpensive cryptocurrency to purchase, trading for around $0.002178. You can take advantage of the 15% buy rewards in order to earn even more $GFOX tokens.
Learn more about Galaxy Fox ($GFOX) here:
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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.
