A new layer two Blast hit a TVL of $400 million in several weeks, Pepe (PEPE) has jumped 15% in the last twenty-four hours, and new presales are ripping. Investors who are not bullish at this stage will miss the meat of the move, and now is the time to invest.
As market climbs more attention goes to small caps, which always prove the fiercest growth vehicles in bullish sentiment. Particularly the spotlight has fallen on a new play-to-earn token, Galaxy Fox ($GFOX), following a $300,000 raise. Could $GFOX be the top crypto to buy in 2023?
Galaxy Fox ($GFOX) Blasting Toward $400,000
Momentum has always been a key indicator to watch among hot new ICOs. As Galaxy Fox blasts past $300,000 raised in its initial phase, it has become one of the best cryptocurrencies to buy in the current macro.
Following Pepe’s explosive lead, the path has opened for micro-cap memecoins to start making outrageous rallies of their own. This play-to-earn token has wasted no time attracting new investors, and experts continuously pointed to its staking mechanism as the central attraction.
Galaxy Fox’s reward hub, Stargate, pays out rewards to stakers. But what differentiates it from other memecoins and leading alts? Instead of emissions, stakers earn tokens collected via buy and sell taxes. This means there is no upper limit on rewards as the ecosystem grows.
Another huge catalyst for $GFOX outside of its Web3 runner game is the deflationary tokenomics model employed. A token burn ensures that the total supply of $GFOX is constantly in decline. Time and time again, deflationary mechanisms have proved one of the most effective value accrual mechanisms for holders.
Galaxy Fox has benefited from the GameFi narrative heating up, and as appetite for speculation rises in the memecoin arena, it looks like a guaranteed 100X. No wonder professionals class $GFOX as the top crypto to buy in 2023.
Pepe ($PEPE) Continues to Jump
Pepe has surprised investors and continued to jump. Frogs are famous for jumping, but the most recent bounce from $PEPE caught many investors off guard. Why? Most speculative demand has focused on the market leaders, $DOGE and $SHIB, or smaller caps like $GFOX.
Boasting a market cap of nearly half a billion dollars, $PEPE exists in the middle ground between large cap memecoins and explosive small caps. But this has not stopped the frog from making aggressive gains recently. As more and more retail users flood into the market, could the $PEPE take off again?
Pepe rallying provides an obvious signal that investors are happy to take risks, and risk-taking is rewarded in this market environment. In short, the top cryptos to buy right now are more speculative tokens like presales and small caps.
Closing Thoughts: Memecoin Season Loading?
Is Pepe rallying an early precursor to another memecoin explosion? One thing is certain. The entire crypto market wants to take off, and as soon as Powell cuts rates, it will act as jet fuel for risk assets.
What is the best way to profit from an incoming meme season? Get an early allocation of one of the future star players. Early participants in the Galaxy Fox will enjoy 450% gains by launch and be among the first able to stake. Set to 100X by 2024, Galaxy Fox is a top crypto to buy in 2023.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
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Source: https://www.analyticsinsight.net/pepe-shoots-again-is-now-the-time-to-invest-spotlight-on-galaxy-fox-after-300k-raise/