Shiba Inu and Pepe are two meme coins that have caught investors’ interest in 2023. While Shiba Inu has launched several upgrades, Pepe has scored several listings. Unfortunately, both tokens still lack actual utility.
As a result, Shiba Inu and Pepe holders have gone after a new coin called Galaxy Fox ($GFOX). Which of these three do experts rate as the best meme coin to buy now? Let’s find out.
Galaxy Fox ($GFOX) Combines Meme Coin and Play-To-Earn Utility
According to GlobeNewswire, the P2E gaming market has great potential. In 2021, it was valued at $776.9 million, and it is expected to grow to $2.84 billion by 2028. Galaxy Fox ($GFOX) has become one of the top cryptocurrencies to purchase right now in light of this rise.
Additionally, Galaxy Fox has merged the P2E gaming utility and meme coin into a single ecosystem. This utility and hybrid infrastructure has made Galaxy Fox the best meme coin to buy now over Pepe and Shiba Inu. Furthermore, Galaxy Fox offers staking, which is the best cryptocurrency passive income alternative for 2023.
Moreover, the token model of Galaxy Fox is deflationary, meaning that its supply is lowered. It will become scarcer and more valuable as a result. Galaxy Fox is now holding a presale for $GFOX, their ERC-20 token. At the moment, it’s worth $0.00066.
Meanwhile, the platform’s upcoming 3000 rare NFTs are among the top NFTs to buy now. However, these NFTs will be accessible only to those who hold the $GFOX token. So, it’s a good idea to obtain the token now before the NFTs are launched.
Shiba Inu Community Burns 259M $SHIB Tokens
On November 5th, Shibburn, the platform that tracks Shiba Inu’s ($SHIB) burn rate, shared some interesting news. They reported that in the last week, a total of 259,383,545 tokens were burned. This happened through 66 different transactions.
Unfortunately, this figure is 52.4% less than the previous week. This could mean investors have lost interest in the Shiba Inu project. Besides, the launch of Shibarium and Shiba name service has failed to spark a major price rally for the meme coin.
Meanwhile, the Shiba Inu price has been stuck between the $0.00000761 and $0.00000828 price range in the past week. It is currently valued above the 50 and 200 EMAs, a sign of bullish activity. Analysts have forecasted a rally to $0.00001134 in the coming weeks.
Pepe ($PEPE): Whales Buy $1M Worth Of PEPE, Price Rally Coming?
Pepe, the frog-themed meme coin, is in the news again. Despite recent downward trends in its value, data from CoinMarketCap still ranks it among the top 100 cryptocurrencies. On November 5th, Lookonchain, the on-chain tracking platform, shared some interesting news.
A whale investor bought $1 million worth of $PEPE coins. This shows renewed investors’ interest in $Pepe as it aims to become the best meme coin to buy now. Besides, Pepe coin has held on to its gains earned during the Uptober price rally. Pepe crypto is valued at $0.00000117, an increase of 57.3% on the 14-day.
In addition, technical indicators are pointing towards more gains as it traded above the 50 and 100-day EMAs. $PEPE’s RSI has crossed the midpoint, a sign that bulls are in control. However, meme coins are known to be very volatile and Pepe’s lack of use case means its price could drop anytime.
Closing Thoughts
Pepe and Shiba Inu have left their mark on the meme coin markets with their massive price rallies. However, as the cryptocurrency market evolves, investors are turning their attention to projects that offer more utility.
Galaxy Fox has created a perfect balance, combining Play-to-Earn with the allure of meme coins. Because of this, crypto experts have forecasted that early investors would make a huge profit of up to 35x, attracting investors from $PEPE and $SHIB.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
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