Fundamentals drive price action, and crypto shows widespread growth metrics in almost all areas. Notably, Shiba Inu’s ($SHIB) active addresses surged to 1.26 million, hinting at a massive resurgence in memecoins. But which memecoins are up next, and what are the top 10 cryptos to buy now?
Galaxy Fox ($GFOX) has broken onto the scene as a promising contender for the next 100X superstar. Shooting past $300,000 in its presale all eyes rest on this up-and-coming P2E memecoin hybrid. As memecoin mania ensues, can $GFOX rise to topple $SHIB?
Galaxy Fox ($GFOX) Next Memecoin King
Galaxy Fox has garnered incredible support, and its presale races towards $400,000 despite still being in its initial phase. Investors fast enough to join this initial stage can take advantage of the staggered price increases and lock in 450% gains by launch.
This play-to-earn token outclasses its rivals in the memecoin arena, and its hybrid nature, memecoin/ GameFi token, has experts calling it the top crypto to buy now. Galaxy Fox’s Web3 runner game lets players compete globally, and those that end the season in the top 20% of the leaderboard will earn prizes exchangeable for $GFOX tokens.
$GFOX token holders unlock several passive income opportunities through token ownership. The protocol’s burn campaign naturally accrues value for these holders by decreasing the total supply, and Stargate, the staking hub, pays out rewards. Stargate accrues 2% of buy and sell taxes and distributes these to stakers.
Interestingly, there is no theoretical cap on staking payouts due to buy and sell taxes funding these rewards. They can grow as large as the Galaxy Fox ecosystem. The virality of its characters and the Treasury fund, which organizes marketing campaigns and supports community initiatives, offers another tailwind to incredible growth. As memecoin season breaks out, $GFOX is certainly one of the top 10 cryptos to buy now.
Shiba Inu ($SHIB) Active Addresses Soar
Shiba Inu’s active addresses have surpassed 1.26 million. A clear sign that appetite for speculative tokens is up amongst crypto-natives, and the memecoin sector looks ready to rip. Classics like $SHIB performing strongly opens the path for newer projects, and with protocols like Galaxy Fox in the pipeline, this could be the current cycle’s most profitable niche. But why are active addresses on Shiba Inu soaring? And why does this bode positively for memecoins more broadly?
The introduction of Shibarium, Shiba Inu’s custom layer two, allows investors to stake their $BONE tokens- one of the tokens native to the Shiba Inu ecosystem. This residual income has proved enticing and made $SHIB one of the best cryptocurrencies to buy in the current macro.
Investors love staking rewards, and earning passive income with crypto is a fantastic way to build wealth. This swelling adoption of Shiba Inu also offers incredibly favorable tailwinds for memecoins with smaller market caps, signaling it is time for risk-on behavior.
Tokens that similarly offer residual income via staking will be the largest beneficiaries, explaining why Galaxy Fox has garnered such strong support.
Closing Thoughts: Memecoin Season Starting
Capital flows from large caps to small caps, and the large caps moving signals that small caps are already waiting in the wings. Wallet addresses on Shiba Inu spiking means the first stage is complete. The second stage will involve enormous rallies for small caps.
Getting ahead of this move is easy. All investors have to do is participate in the Galaxy Fox ICO and wait for memecoin season to begin. Launching in such bullish conditions could easily lead $GFOX to 100X during price discovery,making it undoubtedly one of the top 10 cryptos to buy now.
Learn more about $GFOX here:
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