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Solana (SOL), Avalanche (AVAX), and Polygon (MATIC) are trending higher. The focus is also on GFOX, the native currency of the Galaxy Fox. Many investors believe GFOX could outperform other cryptocurrencies, including SOL, AVAX, and MATIC.
Galaxy Fox: impact on P2E and meme coins
Galaxy Fox has integrated the play-to-earn (P2E) feature of the GameFi sector with its meme traits, resulting in increased functionality and relevance.
GFOX is a web3-based token designed for utility functions on various platforms in the sector. Unlike memes or GameFi altcoins, GFOX has an edge.
The ongoing GFOX presale has raised nearly $4 million. It has sold about 98% of its stage 7 allocation.
SOL, MATIC, and AVAX rallying
SOL finally broke above $100, rallying 10% to $110.74. The coin may soar to $125.19 in continuation of last year’s uptrend. At this pace, the coin could surge to as high as $200 by the end of 2024
Meanwhile, AVAX is gradually inching close to $40, recently adding 7%, lifting the coin to $39.
A break above $40 may see the coin soar to $45 and even surpass $50.
Presently, trading volume is up 90% in the last 24 hours, lifting the market cap by 7%.
Amid this, MATIC recently broke higher, reaching $0.90. Analysts expect more gains going forward, projecting gains to $3–a new all-time high.
Conclusion
Major altcoins like Solana, Avalanche, and Polygon have strong outlooks. Available chart data suggests a continued upward momentum, and the run looks sustainable for the long term. Even with this, GFOX might outperform these established coins.
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Source: https://crypto.news/meme-coin-likely-to-outpace-sol-avax-and-matic/