This New Meme Coin Promises 1200x Potential, Poised to Outshine Shiba Inu

ARK Invest recently updated its Bitcoin ($BTC) Spot ETF application- the final deadline is next year in early January. This amendment seems more like a formality, and ETF products for $BTC and $ETH are coming. These institutional flows promise to send crypto's total market cap soaring.

What is the top crypto to buy in 2023 to take advantage of these looming capital inflows? The answer will be a small cap, and one promising contender, Galaxy Fox ($GFOX), has overtaken its competition. It has already raised a staggering $150,000 since its presale went live. Promising 1,200X potential this meme coin is already poised to outshine Shiba Inu ($SHIB).

Galaxy Fox ($GFOX) Marketing Heavyweight

Galaxy Fox has opened its presale with a bang, and investors have been voting with their dollars. This play-to-earn token has already been dubbed a top crypto to buy now, and its position in the GameFi narrative gives it scary growth potential.

The core features of the protocol include a Web3 runner game which rewards the top 20% of players each season. Deflationary tokenomics with an ongoing token burn to reduce circulating supply. Staking rewards for $GFOX tokens holders unlocking residual income. And a secondary NFT marketplace where users can trade, sell, and buy pieces from the 3,000-strong Galaxy Fox NFT collection.

Galaxy Fox's long-term mission is to become a globally recognized and adopted Web3 currency at the heart of DeFi, and the detailed roadmap aligns with the magnitude of this goal. A concrete example of Galaxy Fox's commitment to ecosystem expansion is found in its tokenomics and Treasury feature.

All the characters in the ecosystem were obviously designed with the concept of being cute and memeable in mind. But the 2% taxation funding the Treasury makes $GFOX stand out as a meme coin and as a top crypto to buy in 2023. A steady stream of funding has been allocated to the Treasury, which funds marketing efforts and community initiatives to drive ecosystem expansion.

In a raging bull market, investor attention is everything. Galaxy Fox's funding allocation to draw new investors into the ecosystem alongside its prominent place in the GameFi narrative gives it almost unrivaled growth potential. Easily poised to outshine $SHIB this cycle and deliver 1,200X gains for the earliest investors.

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Shina Inu ($SHIB) Burn Rate Plummets

Shiba Inu has been making headlines, and not for positive reasons. The project's burn rate has dropped drastically recently, down more than 90%, as fewer community members send $SHIB to the burn address. Still, regardless of a short-term fluctuation in the burn rate, Shiba Inu remains a top crypto to invest in this cycle, especially before 2024.

Market sentiment becomes increasingly bullish, and risk-on protocols like meme coins thrive in these conditions. Getting an early entry in $SHIB before the bull market begins in earnest (post $BTC Spot ETF approval) will be an excellent trade.

Retail investors remember Shiba Inu, and it is easily accessible, being listed on almost every major centralized exchange. When retail returns to the markets, it will undoubtedly catch a bid. Can it outshine $GFOX? No way. Shiba Inu's market cap is too large, standing at over $5 billion, meaning it can no longer print the multiples meme investors search for.

Closing Thoughts: Identify Small Players in Long-Term Trends

This cycle's most profitable plays will be identifying small players in long-term trends while the market misprices them. Presales provide investors the greatest opportunity with the ability to buy nascent projects at the lowest cost basis before they even launch on decentralized exchanges.

Early investors in the Galaxy Fox presale will see their initial investment grow by 450% from phase one to launch. Situated front and center of the GameFi narrative and leveraging the best elements of the meme coin genre. $GFOX is a top crypto to buy in 2023, and investors who want to win this cycle cannot afford to miss it.

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