Memecoins are currently the hottest tokens in the crypto world, with many of them including $PEPE, $WIF, $MAGA, and $GFOX enjoying a significant increase in price. These tokens, especially $GFOX, which has recorded many successes in its ongoing presales, have been tipped to outperform top cryptocurrencies, including $BTC and $ETH.
$PEPE, $WIF, and $MAGA Boom As Market Rally Favors Memetokens
Since the start of the current market rally, $PEPE has enjoyed a steady price increase, with its price rising by almost 230% in the last 30 days and a whopping 170% within the last 7 days alone. The token, which was launched less than a year ago, is currently the 66th largest cryptocurrency with over $1.3 billion in market capitalization, according to data on CoinMarketCap.
Similarly, $WIF, the Solana-based memecoin, is also pumping hard. Within 7 days, the token surged by over 220%, and it has cumulatively increased by almost 500% over the last 3 months. Recently, Robinhood, one of the largest centralized exchanges in the crypto world, announced that it would be listing $WIF as part of the cryptocurrencies supported by the platform. Following this announcement, $WIF reacted positively, with its price increasing by 13% within the last 24 hours.
$MAGA, on the other hand, has risen by over 80% over the last 7 days, with the token currently trading just below $7. Although $BTC and other top altcoins like $ETH are also experiencing significant price increases, memetokens appear to be the biggest gainers, as evident from the relative huge percentages they’ve been increasing over the last few weeks.
Investors Smile As $GFOX Continues its Impressive Rally in Presale
Investors of the new innovative memetoken $GFOX have been reaping huge rewards on their investment ever since the token began its presales a few months ago. $GFOX is the native token of the highly technologically advanced blockchain P2E platform called Galaxy Fox, which has taken the crypto world by storm. Galaxy Fox, as a play-to-earn platform, features an exciting web3 runner game where players compete with each other for the chance to be in the top 20% of players each season.
These top players will be rewarded with $GFOX tokens coming from the Galaxy Fox’s central hub for reward distribution called Galaxy Fox Stargate. As a means to protect $GFOX value, the token features a deflationary model whereby a certain percentage of the token will be strategically removed from circulation, thereby creating scarcity and increasing the value of the token in the long run.
There are 5 billion $GFOX tokens created, with a significant portion, about 70%, allocated to its current presales, out of which almost 3 billion have already been sold. 10% of the total tokens are set aside for the ecosystem, another 10% for the liquidity pool, while 5% each is set aside for the team and all competitions and prizes to be won on the platform.
With its presales coming to an end, early investors are already looking forward to its launch on exchange platforms, where it has been predicted to continue its current bullish momentum. The token has already delivered approximately a 230% return on investment (ROI) for investors who invested in its presales since stage 1, and those investors are set to enjoy a cumulative ROI of about 450% when the presales end.
Conclusion
$BTC, $ETH, and several altcoins are all currently rallying up and delivering ROI for investors. However, memecoins, especially $GFOX, have been the biggest gainers, and several crypto analysts have advised that it’s better to invest in the token as it is currently in presale and relatively immune to sudden downward changes in market direction, with the potential to give the highest ROI.
Learn more about $GFOX here:
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