$DOGE Sees Major Spike in User Activity, Pump Incoming? $GFOX Smashes Past $3 Million

Investing in crypto for beginners can be tough, but luckily, there are several surefire signs these newer investors can look for. Momentum should be number one on their list, and as an accurate predictor of future growth, there is no better metric.

Dogecoin ($DOGE) sees a major spike in user activity, signaling a pump incoming? Galaxy Fox ($GFOX) smashes past $3 million, hinting that it has huge upside potential over the coming months. Buying into strength, while not advisable during a bear market, is an absolute winning strategy in a bull market. Memecoins are back, and $DOGE and $GFOX look ready to rip.

Dogecoin ($DOGE) Adds Nearly 1 Million New Addresses

Native activity on the Dogecoin network is massively up, with 890,000 new addresses created and a spike in daily active addresses. Part of this new activity is due to the release of the original DOOM on Dogecoin thanks to Ordinals, but the real driving force of adoption is Dogechain. This layer two scales and allows users to trade, send, and receive $DOGE for fractions of the cost that they pay on Ethereum ($ETH). More people use the network and its underlying token when transactions get cheaper. Can Dogecoin regain its standing among the top ten cryptocurrencies?

This big upswing in addresses equates to downstream buying pressure, and $DOGE could make a nice resurgence over the coming months. Despite its large market cap stifling any exciting moves, many forget that this is the memecoin retail investors are most familiar with. An unexpected rally as retail returns should not be discounted. All this activity shows strong momentum and the lesson here for investing in crypto for beginners is to watch adoption levels.

Galaxy Fox ($GFOX) Breezes Past $3 Million, Next Target $5 Million

Galaxy Fox has breezed past $3 million and is the ICO showing the greatest relative strength currently. Early momentum in the ICO game equates to a significant price discovery phase, and buying $GFOX while it is still undervalued is a great play.

This next-generation memecoin/ P2E hybrid has blended memecoin marketing with a robust tokenomics model and an addictive runner game to create an entire ecosystem. It boasts a deflationary tokenomics model, a novel taxation system, and the classic viral branding associated with memecoins.

The underlying tokenomics model, in conjunction with the taxation system, allows for unique possibilities. One key example is earning yield on a deflationary asset via Galaxy Fox's stargate module, where users stake their $GFOX. The total supply will constantly decline post-launch, and this deflationary angle has driven smart money into the presale.  

Already listed as one of the top 5 cryptos to buy now for anybody seeking 100X returns this cycle, the Galaxy Fox presale is lining up to be 2024's hottest ICO. Its early strength is an excellent signal, and presale participants will need to strap in because $GFOX's launch should be one for the books. 

Closing Thoughts: The Power of Momentum

The lesson for investing in crypto for beginners is about momentum. Dogecoin's rising key user metrics shows momentum, and Galaxy Fox's excellent funding record shows momentum. These are the projects to bid in the coming months.

Galaxy Fox's current valuation is a steal, and buying $GFOX during the ICO is a great play. Boasting 100X potential and a rich and bountiful ecosystem this next-gen memecoin will be a real player in this cycle. Participate in the presale today and discover the beauty of momentum plays. 

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