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Dogecoin whales recently made a massive $27 million investment, which not only propelled $DOGE forward but also had a domino effect on other meme coins like $PEPE and $SHIB, pushing them into a bullish phase. The reawakened interest in meme coins has greatly influenced the new ICO crypto Galaxy Fox ($GFOX), too.
Despite its newcomer status, $GFOX is already experiencing a surge in demand, with its seventh presale nearly sold out. This momentum prompts the question: What are the best meme coins to buy now?
Galaxy Fox, the new ERC20 coin, is making its mark in the crypto space by integrating play-to-earn gaming with NFTs and staking mechanisms. Since its presale began, Galaxy Fox has raised over $3.3 million and distributed more than 2.6 billion tokens to its investors, indicating strong market interest and investor confidence.
Central to Galaxy Fox's appeal is its Web3-powered Runner game, which allows players to engage in weekly and monthly tournaments and earn rewards.
One of the most attractive attributes of Galaxy Fox is its dynamic presale model, which brings in increased prices at each new stage. Currently, $GFOX is closing the 7th presale stage, meaning the next price boost is just around the corner, and smart investors rush in to secure ROI before it launches on Uniswap.
Besides Galaxy Fox, other top meme coins are also making waves in the market. Let's dive into their recent performances and what the future might hold for them.
Dogecoin has seen an impressive shift in its market behavior, thanks to big moves by major investors that signal a strong comeback in interest. Despite losing over 88% of its value from its all-time high, Dogecoin's trading volume stands at around $300 million, with a volume/market cap ratio of 2.52%. The coin has an infinite max supply, with a circulating and total supply of around 145 billion $DOGE.
Technical indicators suggest a potential for an uptrend if the price can break above the consolidation zone and the recent swing high of $0.17995. The MACD is trending towards a bullish scenario, so $DOGE might be on its way to once again becoming one of the best meme coins to buy now.
Pepe Coin has recently seen a significant surge, with its price jumping 100% in just 7 days. This remarkable increase has brought the coin's value to around $0.00000115, marking a 90% rise from its September low of $0.0000006. This uptick in $PEPE's performance coincides with a broader recovery in the crypto market, fueled by optimism around potential approvals for Bitcoin ETFs.
Adding to the momentum, Pepe Coin's official announcement on Tuesday about a new team taking the helm and the burning of 6 trillion tokens, valued at approximately $6 million, has further energized the community.
The team is exploring strategic partnerships and marketing opportunities for the remaining 3.79 trillion tokens. With the market sentiment improving, $PEPE's recent breakthrough past its major moving averages suggests a possible short-term test of the summer highs around $0.0000019, potentially offering quick gains of about 60%.
Since its peak in 2022, Shiba Inu has been relatively quiet in terms of significant price movements. However, with the crypto market's recovery and Bitcoin nearing the $50,000 mark, there's speculation about whether $SHIB could see a tenfold increase similar to its 2021 performance in the coming months of 2024.
Lately, the $SHIB community's active participation in token burning, with about a 130% increase in burns, further supports this outlook. Over the past week, more than 56 million $SHIB has been burned, pushing the coin's price and inspiring a bullish outlook.
Overall, while many of the leading meme coins are showing bullish trends, they often carry the reputation of being hype-driven, with vast supplies that challenge their ability to deliver significant returns. For those looking to ride the wave of the meme coin rally with success, placing your bets on $GFOX could be a smart move.
As a deflationary token with substantial utility, $GFOX is on its way to becoming one of the best meme coins to buy now.
Learn more about $GFOX here:
