It’s no longer a secret that the meme coin vertical will be one of the fastest-growing market segments this cycle, and memes are the best cryptocurrencies to buy this year. While many in the crypto space have been highly critical of memecoins in the past, if not downright disparaging, the fact is memecoins aren’t going away. Whether you love ‘em or hate ‘em, meme coins are here to stay.
But not all tokens are created equal, and this sector will have pockets of overperformance. Time to dive into what’s hot and what’s not. Who’s coming first this cycle? Dogecoin ($DOGE), Shiba Inu ($SHIB), Bonk ($BONK), or Galaxy Fox ($GFOX).
Galaxy Fox ($GFOX) 2024’s Hottest ICO
Galaxy Fox has been listed as a top crypto to invest in this quarter following its groundbreaking presale funding success. Shooting past $3.4 million in funding this small-cap heads towards a blistering price discovery phase. It has introduced a new blended model, taking a memecoin base and assimilating a P2E runner game.
It brings a new standard of entertainment and upside to DeFi and is the only token featured on this list with dual narrative support. Its aggressively deflationary nature ensures a falling supply post-launch, and because it is still in its presale phase, the potential for returns drastically outweighs its competitors.
Staking rewards are another excellent ecosystem feature, and all $GFOX holders staking their assets will be earning yield on a deflationary asset. Additionally featuring an NFT collection & marketplace, a growth-focused Treasury, and real-world merchandise, $GFOX has the broadest market appeal of any memecoin. Investors come to participate in the runner game with a chance of winning real cash prizes and stay when they discover the ease of earning within this ecosystem.
Set to launch later this year, Galaxy Fox rests in the upper tiers of the memecoin echelons and is an obvious outperformer in this cycle.
Dogecoin ($DOGE) Relic of 2021 Cycle
Dogecoin was the originator of the genre and undoubtedly one of the absolute best cryptocurrencies to buy in early 2021, but this cycle, $DOGE, is the slowest horse to back. It has the largest market cap, the most investor fatigue, and plenty of holders facing unrealized losses waiting to sell into any pump.
Once ranked among the top ten cryptocurrencies, $DOGE was an unstoppable force- until it wasn’t. Retail will bid $DOGE when they return to markets, but newer and shinier coins will massively outperform Dogecoin this cycle. Nobody wants to buy a $12 billion market cap memecoin when they can buy a $3 million market cap token.
Shiba Inu ($SHIB) Can Shibarium Change Its Fate?
Shiba Inu has undertaken a marketing campaign to attempt to distance itself from its memecoin origins. Unfortunately, this has occurred with poor timing as investors become increasingly accepting of memecoins core role within the space- enabling high-octane speculation.
Shibarium has posted impressive metrics, but $SHIB suffers from the same drawdown as $DOGE, namely, plenty of holders facing unrealized losses and a bloated market cap incapable of producing exciting returns.
Bonk ($BONK) From Golden Child To Second Place
Bonk was the golden child of Solana ($SOL) and the memecoin that started the trend of trading low caps on the $SOL network. However, as with all memecoins, its success has led to its failure, and memecoin investors are not interested in an $800 million market cap project.
It has already been replaced with dogwifhat ($WIF), now the favorite Solana-native memecoin this cycle. And the same pattern plays out. A meme coin enjoys phenomenal success, and this success distorts the characteristics that made it attractive in the first place.
Closing Thoughts: Current Market Environment Favors New Projects
The best cryptocurrencies to buy this cycle are new small caps. This is where the 100Xs take place, and anybody buying the giants of the last cycle will be sorely disappointed. Markets like shiny new things, and investors must listen to what markets want to make serious profits in the next two years.
Galaxy Fox’s presale is an ideal opportunity for anybody who missed buying $BONK or $WIF early, and this up-and-comer is ready to breeze past its competition. Participate in the presale and potentially lock in a future 100X today.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
The post Dawn of the Memes! Love ’em or Hate ’em, Memecoins Are Here to Stay – But Not All Tokens Are Created Equal appeared first on CoinJournal.
