This Memecoin Has $SHIB Investors Worried as It Prepares to Enter Top 3 Position

$GFOX is currently on its way to being crowned among the top 3 meme coins to buy this year after achieving a series of milestones, especially in its ongoing presale. Surprisingly, $SHIB, an established player in the last cycle, could not beat this success as it has slowed down in progress in recent months. As a result, $SHIB investors are showing concern that $GFOX could displace $SHIB as the battle for top altcoins intensifies.

$SHIB Supporters Sour on Slow-Paced Development

$SHIB is one of social media's most hyped meme coins, but surprisingly, it hasn't been living up to the hype recently. While it has enjoyed some impressive performance from inception to establish itself as one the best cryptocurrencies to invest in, recently it has witnessed some little setbacks. Analysts attributed this unsatisfactory progress to too much supply, lack of practical use, and too few developments ongoing within the token's ecosystem. 

The price of $SHIB has been trading approximately between $0.000007 and $0.000009 for more than six months, despite recent news that sparked increased attention and speculation within the Shiba Inu community making headlines. According to the news, Coinbase, a US-based cryptocurrency exchange, recently engaged in moving a significant amount of $SHIB tokens, totaling 1.2 trillion in number. 

However, the price of $SHIB did not react significantly in response to the speculation and attention generated by the news. As a result, investors of the meme coin are now questioning whether it will reach a new all-time high this year. Also, their positive sentiments on the meme coin's future have dropped, leading them to leave $SHIB and look for projects with better utility and potential to generate significant returns.

$GFOX, The Full-Utility Meme Hinted at Making Top 3 Among Memecoins in 2024

Galaxy Fox is among the top crypto coins set to impact the crypto landscape heavily. It aims to generate significant returns for investors via multiple earning opportunities and make the play-to-earn world more exciting. Unlike $SHIB, this coin, built on the Ethereum blockchain, is both full of utility and designed to generate high ROI through its presale in a fascinating way.

The presale structure of Galaxy Fox is among the most impressive ever, consisting of 10 stages and for every transition from a stage, the presale price of Galaxy Fox increases, allowing investors who invested from stage 1 to realize about 450% increase on their investment.to 

The total number of tokens available for the Galaxy Fox ecosystem is 5 billion, and its presale takes the highest share, with 3.5 billion tokens. 500 million tokens were set aside for the ecosystem and another 500 million for liquidity pool. Furthermore, 250 million tokens, being 5% of the supply, is allocated to the team behind the project, while the remaining 250 million tokens are allocated for competitions and prizes. 

Galaxy Fox uses token taxes and NFT royalties to replenish the ecosystem . The tax involves 6% of the value of every buy and sell that occurs within the ecosystem. The tax generated through this process is shared equally among various pools. The staking pool, treasury, and liquid pool receive 2% each, ensuring adequate cash flows within the ecosystem.

When Galaxy Fox began its presale, its price was $0.00066, but it will rise to $0.002904 when launched, giving stage 1 investors a 450% return on investments (ROI). In stage 7 being its current stage, the presale price of $GFOX is $0.00198. Joining the presale at this stage will earn you over 46% returns on your investment.

Conclusion 

Although $SHIB is a coin many know and love, experts believe it needs to improve its utility and focus on impressing investors with high ROI to earn the spot among the best meme coins to buy this year. As for GFOX, it's believed to have learned from the mistakes of Shiba Inu and capitalized on them. As a result, many investors are waiting for its launch before enjoying the meme coin in full. 

Choosing Galaxy Fox today is a smart path to achieving major gains by joining the early presale stage of a rising new memecoin. Smart investors know this is where the real profits are to be bade. Join the $GFOX community via the link below.

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