Strange things happen in bull markets, and investors should not be surprised to see memecoins fly this cycle. Typically, a vertical finds its footing in its first cycle and takes off in the second. Memecoins are a prime example, and there will be plenty of 100Xs up for grabs.
Dogecoin ($DOGE) is showing a bullish break-out pattern with a $10 target, and acting as a general litmus test for sentiment, this type of movement opens the path for smaller memecoins to make enormous rallies. Up-and-comers like Galaxy Fox ($GFOX) are likely to 100X. It’s time for a deep dive into why $DOGE and $GFOX are the top cryptos to buy right now.
Dogecoin ($DOGE) Bullish Break-Out Pattern Spotted
Dogecoin is the originator of the genre and the benchmark for memecoin performance. Ali Charts is back at it again, showing that $DOGE’s current price action sharply mirrors its 2020 behavior. An extended period of consolidation before breaking out from the descending triangle and skyrocketing.
$DOGE is currently in its consolidation phase. If there is a repeat movement like in 2020, investors buying now will make away like bandits. However, memecoins move fast, and their upward rallies are unforgiving. Often, little to no pullback period does not allow for typical entries, and investors have to be all in.
When retail money reenters markets, they will reflexively start buying $DOGE again, and it is the perfect crypto for beginners wading into the meme genre for the first time. $DOGE is definitely a top crypto to buy now if Ali’s prediction comes true and it breaks out of its descending triangle similarly to 2020.
Galaxy Fox ($GFOX) Targeting 100X Returns
Galaxy Fox is among the top cryptos to buy right now for more experienced memecoin investors. Forget a humble 10X; $GFOX is gunning for a 100X, and ideal launch conditions could make this a reality faster than even early supporters predict. Let’s dive into Galaxy Fox’s unique hybrid design.
Taking a classic memecoin build and incorporating a P2E component alongside an entire ecosystem has proven to be a winning strategy. Galaxy Fox’s presale funding has already sailed past $3.5 million, and early demand for a small cap is the most reliable indicator of its future performance in price discovery. Judging by this metric, $GFOX is all gas and no brakes.
The endless runner acts as an onboarding funnel for new users and is a global competition to end the season in the top 20% of the leaderboard and win part of the prize pool. NFT functionality has been added with anyone holding a Galaxy Fox NFT unlocking special in-game stat bonuses.
$GFOX’s tokenomics model is the real star of the show. A token burn driving value via scarcity, staking rewards funded via taxes unlocking yield on a deflationary asset, and distributed ownership thanks to 70% being allocated to presale buyers. At launch, payouts will begin, the total supply will be down only, and increased demand will meet a dwindling supply. Buckle up- 100X rally incoming.
Closing Thoughts: Join the $GFOX Presale Today To Net 100X Gains
Dogecoin’s potential to break out is exciting, but buying $GFOX today is akin to buying $DOGE early last cycle. Yet to undergo its growth phase and with a tiny market cap of $3 million, this gem is ready to start printing.
Imagine if $GFOX can attain only half of $DOGE’s peak bull run valuation of $88 billion. $3 million to $44 billion. Anybody who can do the math knows why $GFOX is a leader among the top cryptos to buy right now and is bidding this presale aggressively!
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
