The crypto market has been on a bull run for months now. However, the bears are regaining control of the market, leading to a decrease in the prices of most major cryptocurrencies. The question on most investor’s minds is what is the best crypto to invest in in preparation for the next bull run.
In this article, we compare two meme coin projects: Shiba Inu and Galaxy Fox to see which one is a better investment.
Should You Buy The Shiba Inu Dip?
A few years back, meme coins were all the rage. These projects promised investors massive rewards in exchange for a small financial investment. With just a few dollars, you could acquire large amounts of a meme coin and potentially become a millionaire.
Back then Shiba Inu wasn’t just one of the best meme coins to buy, but also one of the best cryptos to invest in. Fast forward to the end of 2023 and investors are no longer as excited about meme coins as they were back then. Why?As the hype dies down, it’s become very apparent that coins without intrinsic value don’t do very well in the long-term market.
While Shiba Inu’s been around for a while now, it has only managed to grow by a paltry 8% since the start of the year. This is despite there being a massive bull run led by crypto OG Bitcoin. By comparison, $BTC has grown by over 140% since the beginning of the year.
Why Galaxy Fox is a better investment
Although Shiba Inu is a top 10 altcoin, it doesn’t give much of a return on investment for the longer-term. And this isn’t unique to Shiba Inu. Most meme coins that lack intrinsic value don’t grow fast enough to make serious gains. A better choice is to look for meme coins that offer more utility.
A good example of such a coin is $GFOX, the new presale gem that is lighting up the crypto sky with its utility and potential for growth. The team behind Galaxy Fox have designed a token that gives maximum returns to your crypto portfolio.
As the ongoing Galaxy Fox presale is designed to reward early investors, those who got in stage one stand to make at least a 450% return on their investment. That’s a whopping 5x growth, even before the project launches. Meanwhile, those who invested in stage two are already enjoying a 30% growth.
Even after the presale, Galaxy Fox is expected to remain one of the best cryptos to invest in and also the best way to make passive income with crypto. This is because Galaxy Fox does not put all its eggs in the speculation basket. The coin has numerous features that offer utility to users, hence increasing its inherent value.
A good example is the token burn feature. One of the main reasons why coins like Shiba Inu struggle to grow is their abundance. The developers of Shiba Inu released this and are taking measures to decrease the circulating supply of $SHIB.
Galaxy Fox plans on doing it right the first time by incorporating a token burn feature that will periodically ‘burn’ some of the available $GFOX tokens. This way, the circulating supply will keep decreasing, leading to an increase in prices as the demand rises.
Additionally, Galaxy Fox features a play-to-earn Web 3 runner game, a staking platform with staking rewards, NFTs an NFT marketplace, and physical merchandise. All these features contribute to the value of the $GFOX token, ensuring it remains a valuable coin irrespective of where the market is headed.
Final Word
While Shiba Inu is, without a doubt, one of the best cryptos to invest in, Galaxy Fox is a better investment choice in the current market dip. Galaxy Fox offers more utility and inherent value, and since it is in the presale stage, you get a better chance of capitalizing on the presale growth as well as making some profits when the coin hits major exchanges.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
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