The first month of spot Bitcoin exchange-traded funds (ETFs) has been a major success. On-chain data shows that ETFs (excluding GBTC) have accumulated more than $11 billion worth of Bitcoin.
Wealth managers and Registered Investment Advisors (RIAs) in the United States are expected to gain access to Bitcoin products soon. When this happens, crypto experts have forecasted even bigger $BTC purchases.
Moving past $BTC, investment funds are now turning their attention to meme coins. As this trend grows, Dogecoin ($DOGE), Shiba Inu ($SHIB), and Galaxy Fox ($GFOX) have emerged as three of the best meme coins to buy. Read on to find out why.
Dogecoin ($DOGE) Interest Rises Ahead of Moon Mission
Dogecoin ($DOGE) remains undisputed as the biggest meme coin, and it is clear why there is huge interest in the project.
Samuel Reid, the CEO of Geometric Energy Corporation, recently announced that the company paid SpaceX using $DOGE “for re-booking the DOGE-1 Mission to the Moon.” With Dogecoin being the first crypto going to space, there has been an increase in the demand for $DOGE.
Data from IntoTheBlock confirms this, with Dogecoin addresses surging to 5.7 million. As his trend continues, the Dogecoin price has been predicted to finally touch the $1 milestone in 2024, making it one of the best meme coins to buy.
Upcoming Upgrades Fuels Shiba Inu ($SHIB) Adoption
Over the past few months, Shiba Inu ($SHIB) has steadily added layers of utility to its project. Lead developer Shytoshi Kusama discloses several important improvements that will be applied to numerous Shiba Inu projects in the most recent issue of Shib Magazine.
Kusama claims that the Shiba Inu team has been working nonstop to turn their L2 blockchain into the global meme hub. Considering its partnership with D3 Global for the Shib Name Service (SNS) and the deployment of crucial updates for Shib: The Metaverse development, he remarked that the year had been great thus far.
He added that significant advancements have been made to Shiba Inu’s AI project with Bad Idea in 2024. These developments make $SHIB a top crypto to buy. Some crypto experts have even predicted a major price surge as a result, making Shiba Inu one of the best meme coins to buy now.
Galaxy Fox ($GFOX) To Lead the Next Generation of Meme Coins
The first generation of meme coins have often been criticized for lacking any real-world utility. Galaxy Fo ($GFOX) is launching to change the narrative. Galaxy Fox has built a gaming ecosystem that features a play-to-earn game, NFTs, a marketplace, a merchandise store, staking options, and token burning.
These features make Galaxy Fox a full-utility meme coin, giving it the advantage over the likes of Dogecoin and Shiba Inu. But, it retains the original drive of meme coins and would reward users for their participation within the ecosystem.
Because of its unique new concept, investment funds have shown increased interest in Galaxy Fox in recent weeks. This has resulted in the team raising over $3.4 million in the past few weeks, making it one of the best ICO presales of 2024.
This massive interest is also a major reason why market experts are very bullish about $GFOX. As the project prepares for its full debut in the coming weeks, many top experts have forecasted gains of p to 100x in 2024, making Galaxy Fox one of the best meme coins to buy.
Closing Thoughts
The increased interest from investment funds is a great sign for these meme coins. While they are all expected to see gains in the bull market, $GFOX looks set to outperform $SHIB and $DOGE, making it the top pick for the best cryptocurrency to buy now.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
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.