One of the leading meme coins, Shiba Inu has teamed up with the popular boxer Manny Pacquiao. Despite this major partnership, the price of $SHIB has been in a freefall.
As Shiba Inu declines, Galaxy Fox ($GFOX) has emerged as one of the best meme coins to buy. Will the growing utility of $GFOX be the knockout punch for $SHIB?
Manny Pacquiao Partnership Fails To Stop the Shiba Inu ($SHIB) Freefall
Shiba Inu has entered a strategic partnership with Manny Pacquiao, the Filipino boxing legend. As part of the partnership, Manny Pacquaio’s non-profit will leverage Shibarium to raise funds and for operational activities.
Just days after the Shiba Inu team introduced a ‘Donate Function’ to its layer-2 blockchain solution, Shibarium. Donate was created to allow Shibarium users to financially support non-profit validators on the Shiba Inu network.
Despite all attempts to add utility to increase Shiba Inu’s network security and efficiency, the price of $SHIB has been in a freefall. Since $SHIB peaked at over $0.000009500 in early November, its price has dropped by almost 20%.
As a result of the price drop, $SHIB has lost the key $0.00000800 support. If the decline persists, Shiba Inu could see a decline of up to 15%. This and the poor performance over since the start of 2023, have contributed to investors searching for alternatives for the best meme coins to buy right now.
Will Galaxy Fox ($GFOX) Be the Knockout Punch for Shiba Inu?
While Shiba Inu has gone past its parabolic growth stage, Galaxy Fox ($GFOX) is just about entering its. Another major upside is that the project has launched with something $SHIB lacked from the onset, utility. Galaxy Fox has been created as a hybrid platform merging meme coin and play-to-earn (P2E) gaming ecosystem.
P2E has been rated as one of the fastest-growing trends in crypto and one of the best ways to earn passive income with cryptocurrency in 2023. This gives Galaxy Fox an already established market to work with. In addition, its immersive ecosystem inspired by a world where foxes reign supreme has gained popularity among gamers.
Players will go on missions in different worlds within the game, conquering and earning rewards. At the end of weekly and monthly competitions, the top 20% of players will earn even greater rewards. Galaxy Fox has also outlined plans to release 3000 rare NFTs during the presale. However, access to these NFTs is for those who have the $GFOX token.
The team has also incorporated a deflationary mechanism and token burn into $GFOX. This was done to mitigate the volatility that has plagued meme coins. With these features, $GFOX could give the knockout punch to $SHIB.
Closing Thoughts
Galaxy Fox has fixed the majority of the flaws that Shiba Inu launched with, making it one of the best meme coins to buy right now. As a result, analysts have forecasted a parabolic rise of 100x for the token in the coming bull market.
This is great news for investors and gamers as Galaxy Fox just entered its beta crypto presale stage. Here, you can snap up $GFOX tokens for only $0.00066 apiece. This could easily make Galaxy Fox the best cryptocurrency investment for 2023 So don’t wait, get involved today!
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
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