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Bitcoin ($BTC) made a nasty wick down on the 11th of December, liquidating millions from the market as overleveraged traders got wiped out. Now that the Bitcoin rally is over, investors move to the second stage of the broader movement up: altcoin season.
A risk-on market means memecoins will rally, and the top 5 cryptos to invest in are all small-cap gems. Four of the best performers are already obvious: Galaxy Fox ($GFOX), Pepe ($PEPE), Meme ($MEME), and Bonk ($BONK). Already leaping ahead of their competition and setting the pace. But who will shine brightest in 2024?
Galaxy Fox ($GFOX) Roaring Toward $1 Million
Galaxy Fox comes in first place due to its staggering success in fundraising. This nascent ICO has already raised well over $850,000 and is zooming toward $1 million. $GFOX is a play-to-earn/ memecoin hybrid setting a new standard across the ecosystem and labeled a top crypto to buy before the altcoin season breaks out.
Players compete globally in the Web3 runner game, and those ending the season in the top 20% earn prizes directly exchangeable for $GFOX tokens. Galaxy Fox has moved away from the typical P2E model where only the most skilled players earn. Instead, introducing staking allowing all $GFOX token holders to unlock passive income.
Staking rewards make $GFOX an ideal crypto for beginners, and the buy and sell taxes ensure capital flows throughout the ecosystem, compounding value for all holders. These taxes pay stakers and deepen the liquidity pool, creating a fluid trading experience. Taxes also fund the Treasury, which supports community initiatives and marketing efforts.
This small cap with its viral aesthetic has to be one of the top 5 cryptos to invest in before the real altcoin season begins. An aggressive token burn alongside an in-built marketing budget turns Galaxy Fox into a growth bomb waiting to explode. Act fast and join before Stage 3 ends!
Pepe ($PEPE): The Frog is Ready to Bounce
Pepe is the third generation of memecoin and likely the final generation of Ethereum ($ETH) native memecoins. Born in the depths of the bear market and the ultimate vehicle for bear market boredom, it was the king of the memecoin mania season. Despite a massive sell-off following its ATH, $PEPE appears like it wants to jump again.
It has several advantages over its predecessors, $DOGE and $SHIB. Namely a smaller market cap, less investor fatigue, and a classic meme adored by all Crypto Twitter. Could the frog make a comeback in 2024? Highly likely. Can it outperform newer tokens like $GFOX? Highly unlikely.
Meme ($MEME) 9GAG Returns
Memecoin is the native token of Memeland- a platform created by 9GAG. This token unlocks 9GAG's venture into the Web3 space, and investors are speculating on its future potential use cases. Unironically, as market sentiment grows hotter and hotter, the fact that $MEME owns this ticker and is the largest token associated with this ticker could lead it to catch a bid from retail investors chasing memecoin hype.
Bonk ($BONK) Solana's First Memecoin
Bonk is the success story of 2023. It went from an unknown Solana ($SOL) token to overtaking Pepe and now ranks as the third largest memecoin. The rise of $BONK has created a Solana-native memecoin season, and trading memecoins on Solana is objectively better than trading them on Ethereum. Instead of paying $20 gas fees, investors pay literal cents.
Could $BONK aim for the top spot next year and overtake $DOGE? It is not unlikely, and it is crypto natives' current favorite.
In the bull market, investors taking risks are rewarded: risk-on conditions always reward risk-taking. The current rush to gain exposure to crypto markets from retail and TradFi alike explains why the top 5 cryptos to invest in currently are memecoins. These tokens will rally hardest as liquidity flows down from majors in the coming weeks. Now is the time to get ahead of the trade!
Galaxy Fox is the prime contender on this list for investors who want to leverage this cycle to become a whale. $PEPE, $MEME, and $BONK already have multi-million dollar market caps and cannot print multiples in the same league. Join the presale today and turn a four-figure portfolio into a six-figure monster.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. 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. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
