$DOGE recently surpassed Cardano ($ADA) by market capitalization and is now one of the top 10 crypto tokens in the world. This groundbreaking achievement of the token can be partly associated with the current bull run and the rise in social buzz of the token created by some crypto influencers. Similarly, $GFOX, the innovative native token of Galaxy Fox, has maintained its strong momentum and is set for another massive bullish impulse once it reaches the retail market. As a result, several crypto analysts have encouraged investors aiming to win big in the market to invest in the token.
Dogecoin Surges Past Meme Rival, Enters Top 10 Cryptocurrencies
$DOGE is currently the eighth-largest cryptocurrency in terms of market capitalization. The token’s market cap currently stands at $25.8 billion, overtaking the Cardano native token $ADA, which has a market cap of $23.8 billion and is the ninth-largest token.
This news is said to be another indicator that the crypto market is about to enter the alt-season, which is the period whereby interest in altcoins, epecially memetokens, has risen remarkably among crypto investors.
In the past week, between March 19 and 26, $DOGE climbed from $0.1256 to $0.1808, a 44% price increase. This weekly performance surpassed $ADA, which is only 15% up in the past week. Interestingly, $DOGE also outperformed $BTC, which has also been up by only 4% in the past seven days.
IntoTheBlock, a real-time crypto market platform, recently revealed that a significant portion of $DOGE investors are those who bought the token long ago, and now most of hodlers are in profit.
$GFOX Raises $5.3 Million; Investors Anticipate Mega Rally On Launch
$GFOX is one of the meme coins heavily monitored by many in the crypto industry as interest in altcoins keeps rising. This is because of its tremendous presale success, which has raised over $5.3 million. Expectedly, many investors are currently buying the token as they wait for its launch because it is expected to embark on a massive uptrend as soon as it is launched.
$GFOX is a hybrid and versatile token built on the ERC-20 network. The token blends many intriguing aspects in the industry, such as NFTs, Staking, Play-to-Earn, and Deflationary Mechanisms, which gives it an advantage over many meme coins in the market today.
Only 5 billion $GFOX tokens were created and out of this 70% were allocated for the presales. 10% each were allocated to the ecosystem and liquidity pool while 5% were also allocated to the team and the remaining 5% goes to the various competitions and prizes to be won on the Galaxy Fox’s ecosystem.
Galaxy Fox has a treasury in which $GFOX tokens are reserved for development funding and community initiatives. When the platform needs to venture into a project, the treasury provides funds to keep the project running. The treasury also maintains transparency and accountability while handling the platform’s financial operation.
In a bid to sustain its ecosystem and maintain a healthy cash infusion, Galaxy Fox will implement a taxation system by taking 6% on every buy and 6% on every sell transaction on the platform. These taxes will be distributed to various pools of the platform (staking, treasury, and liquidity).
$GFOX’s presale stages have been remarkably profitable. It has delivered over 450% ROI for investors between stage 1 and the current stage 10. Now selling for $0.00364 per token, this token is expected to do over 50x soon after its launch.
Conclusion
As investors shift focus to alts, triggering a possible altcoin rally, the market will continue to experience competition for market cap between $DOGE and $ADA. However, $GFOX remains one of the top altcoins to watch due to outstanding features and its potential to outperform most major altcoins.
Don’t miss this opportunity to make the most of the next meme rally. Buy $GFOX today and get a 15% discount. Visit the website to get started and join the Telegram community for more updates.
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