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DogWifCat ($DWIFC), a meme coin inspired by dogwifhat, became the latest success story in the growing Solana meme coin frenzy last month. It took $DWIFC only two days to join the list of best meme coins to buy, recording gains of more than 4,000%.
Another meme coin that has caught the attention of investors for a more noble reason is Galaxy Fox ($GFOX). This new ICO crypto promises to transform the meme coin space with its integration of gaming, NFTs, and an exciting tokenomics model. As a result, investors believe $GFOX is one of the best cryptos to buy for the 2024 bull market.
New Solana Meme Coin, DogWifCat ($DWIFC), Scorched With 4,000% Rise
Over the last few months, Solana has produced some of the best meme coins to buy, with Dogwifhat, Bonk, and Myro recording massive price increases. A spin-off of one of Dogwifhat called DogWifCat ($DWIFC) was at one point the latest Solana-based meme coin to witness a face-melting rally.
Benefiting from the remarkable success story of dogwifhat (WIF), $DWIFC attracted significant interest from traders who believed it to be one of the top meme coins to buy. This massive interest before its launch paid off after the launch of DogWifCat.
In addition to its immense popularity at launch, $DWIFC was listed on the Raydium DEX, increasing the bullish momentum. Shortly after its launch, the price of DogWifCat increased by more than 4,000% to hit a peak of $0.0334.
The heat cooled off two days after the launch of $DWIFC, with the meme coin facing a major retracement. As per data from CMC, DogWifCat is now priced at around $0.0001500. As a result of the decline, many investors have turned to $GFOX, one of the best meme coins to buy now.
Investors Turn To Galaxy Fox ($GFOX) for More Sustained Gains
Amidst the growing excitement around $DWIFC, Galaxy Fox ($GFOX) has caught the attention of the crypto community for very different reasons. This next-generation meme coin goes beyond the hype of traditional meme coins, blending elements of gaming, finance, NFTs, and staking into its ecosystem.
Galaxy Fox has enjoyed enormous support in its presale because the versatility it offers hasn’t been seen in the crypto space before. Through the 10 stages of its ICO, Galaxy Fox has raised over $5.5 million, with investors buying over 3.5 billion $GFOX tokens, affirming the belief that it is one of the best meme coins to buy now.
Another interesting feature of Galaxy Fox is its dedication to its community, rewarding users for their active participation. The Galaxy Fox Runner game rewards users for playing a very fun and exciting game and engaging in challenges and events. The platform also offers other earning opportunities through staking, minting, selling NFTs, and participating in the merchandise store.
With a capped supply of 5 billion $GFOX tokens, Galaxy Fox boasts a better tokenomics model than other meme coins. In addition, the team uses a deflationary model and will sporadically burn $GFOX tokens to increase scarcity and maybe spur value growth in the long run. The exciting utility and advanced tokenomics of Galaxy Fox strategically places $GFOX for a significant price increase in the 2024 bull market.
While the ERC20 coin has been forecasted to rise by 10x just after its launch, there is a price target of $1 set for $GFOX in the 2024 bull cycle. This prediction makes $GFOX the best cheap crypto to buy, as it is priced at only $0.00364 per coin.
Closing Thoughts
While DogWifCat ($DWIFC) enjoyed an explosive rally at launch, the already declining price shows why investors are more interested in Galaxy Fox. As a project with utility and an improved tokenomics model, $GFOX is quickly emerging as a contender for the top spot in the meme coin market.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
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