Ethereum Gas Fees Hit Major Spike TWICE; Investors Turn to Promising 100x Meme Coins ($GFOX and $PEPE)

Ethereum ($ETH) gas fees hit a major spike twice recently, and this has always been one of the most reliable signals that the bull market has returned. Why do investors tolerate extortionate gas fees? The answer is simple – because they can make returns that drastically outweigh those fees.

Thinking of the top 10 cryptos to buy now, almost all of them reside on the Ethereum network. Two of these projects, Galaxy Fox ($GFOX) and Pepe ($PEPE) are showing staggering short-term growth, hinting at an enormous breakout and the potential for 100X returns before the end of the year.

Galaxy Fox ($GFOX) 100X Presale Gem

Galaxy Fox is the presale crypto investors want a piece of, and this P2E token is taking over the world. Coming out of the gate strong Galaxy Fox has already raised over $180,000 in a matter of days, and this momentum speaks to a dramatic performance this bull cycle.

Investors in the initial presale phase will secure 450% gains on their initial investment thanks to staggered price increases. Still, the real excitement starts post-launch when the protocol’s value accrual mechanisms activate.

At its core Galaxy Fox is an ecosystem designed around a classic Web3 runner game that pays out prizes to the top 20% of players each season. Players can augment their in-game abilities by spending $GFXO tokens- 50% of these in-game purchases go directly to the subsequent prize pool- or owning one of 3,000 unique NFTs.

But the main reason Galaxy Fox has been judged as one of the best cryptocurrencies to buy now is its unique tokenomics model. Buy and sell taxes direct a constant stream of capital throughout the ecosystem, ensuring consistent growth.

$GFOX stakers earn 2% of all ecosystem transactions allowing yields to increase as the ecosystem evolves. And 2% of all transactions go to the Treasury, which funds around-the-clock marketing efforts and community initiatives.

This hands-on approach to driving growth at the protocol layer alongside Galaxy Fox’s relatively small market cap pushes it squarely into the top 10 cryptos to buy now. Experts expect a stellar performance for $GFOX headed into 2024. 

Pepe ($PEPE) Is a 100X Possible?

Investors have similarly turned to Pepe as market sentiment grows increasingly risk-on. The thesis for meme coin investing is simple. Is the meme popular? How large is the market cap? Is the token liquid, and most importantly, will other investors buy it?

Pepe has a significant lead over its two largest rivals, Dogecoin ($DOGE) and Shiba Inu ($SHIB), regarding growth potential due to its lower market cap. It also has fewer bag holders ready to sell into any pump. And those who bought $DOGE and $SHIB at the peak last cycle will exert significant bearish pressure on these tokens as they rally.

Based on the internet’s most famous frog and with less investor fatigue than its largest rivals, $PEPE remains one of the top cryptos to buy now. It fits the meme coin investing thesis perfectly and will likely outperform many majors this cycle.

Closing Thoughts: Bull Market Presales Mean 100X Returns

Galaxy Fox could not have opened its presale at a better time, and the current market conditions offer this micro-cap plenty of fuel and upside potential. Entering price discovery during bullish sentiment is a recipe for high-octane growth, and it is easy to see why $GFOX is one of the top 10 cryptos to buy now.

Alongside being a meme coin, Galaxy Fox also situates itself in the GameFi narrative earmarked as one of this cycle’s largest growth verticals. The presale provides what could be a once-in-a-lifetime chance for investors to become a whale this cycle, and the fastest movers will see the greatest rewards. Participate in the presale today before the initial phase closes! 

Learn more about $GFOX here:

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