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Since the bull market has ramped up post-Bitcoin ETF, the real action has been in the memecoin ecosystem, with insane gains reaching towards 4-digit increases. These are the kind of gains that crypto investors dream about, and so far this bull market hasn’t disappointed – even with double-digit pull-backs from time to time, such as the most recent dump that has seen coins like $PEPE and $BONK shed around 15% of their value in one day.
But despite the carnage, we’re only 2 weeks into March, and some tokens have already shown impressive price potential to surpass their all-time high in Q1, 2024. In an interesting turn of events, $FLOKI, $WIF, and $GFOX have been at the forefront of this price upturn. These tokens have taken center stage as major investment options. Let’s see how far they can go.
$FLOKI
Floki Inu is an Ethereum-based memecoin named after Elon Musk’s dog, Floki. The token $FLOKI has since its launch become a fully-fledged Web3 project with its tentacles in decentralized finance (DeFi), non-fungible tokens (NFTs), and the metaverse.
$FLOKI has experienced an impressive uptrend of over 650% in the last 30 days. This surge has propelled Floki Inu’s market capitalization past $2.8 billion.
While the crypto market has generally been bullish, analysts have attributed the token’s recent surge to several factors. Some mentioned that the token’s listing on two major exchanges outside the U.S. had drawn more international investors to the token. Floki Inu recently announced on its X (formerly Twitter) page that it had been listed on Coinhako, a regulated crypto exchange in Singapore, and CoinMENA, a crypto exchange for retail and institutional investors in the Middle East.
Other analysts attributed $FLOKI’s price surge to the launch of its flagship play-to-earn metaverse game, “Valhalla.” According to the team, the game was launched on the testnet but will be deployed on the mainnet later this year. The team also announced its plan for a token burn, which will reduce its circulating supply. The token is now less than 40% of its all-time high in November 2021.
However, some other analysts have warned that it is important to exercise caution before investing in FLOKI. While the Fear & Greed Index is showing extreme greed, these analysts have warned that the Relative Strength Index (RSI) recommends a sell action. This is an indication that the token might be overbought. In the event of a further downturn, $FLOKI could drop as low as $0.0000119.
$WIF
Dogwifhat ($WIF) is the dog-themed memecoin built on the Solana blockchain. Since the dog with the pink beanie was launched, it has become one of the most popular memes in the crypto market.
Dogwifhat has stolen the memecoin crown recently, with jaw-dropping price surges that have captured the attention of investors. These insane gains have made Dogwifhat one of the most popular coins in the crypto market – and it shows no signs of cooling down any time soon.
On March 13, the Dogwifhat community announced that it had successfully raised over $690,000 in $USDC stablecoin donations to display the token’s mascot on the “Sphere” in Las Vegas. This fundraising campaign exceeded its $650,000 target in less than four days. Some analysts have speculated that the attention generated by the community’s fundraising efforts contributed a pump of over 30% to WIF’s price before it corrected downwards by 10% at the time of writing, as the overall alt market took a beating. Yet given $WIF’s enthusiastic community and overall price trend, investors are optimistic that further pumps are inevitable – especially as $WIF starts to list on major exchanges.
$GFOX
The heart of the Galaxy Fox $GFOX project lies in its play-to-earn web3 runner game. By actively participating in the game, players can earn GFOX tokens and in-game assets. The network also rewards the top 20% of players after each gaming season.
The network has also proposed the launch of about 3000 NFTs exclusive to its holders. The network also runs a marketplace where players can exchange their in-game assets and NFTs for $GFOX tokens.
The tokenomics of Galaxy Fox are designed to introduce deflationary elements to periodically reduce the 5 billion GFOX tokens that were created by the network. This will enhance the token’s scarcity, increase its demand, and subsequently its price.
The Galaxy Fox project adopts an organized distribution system, with approximately 70% of the total supply allocated to its 10-stage presale. Impressively, the token has already raised over $4.5 million in the last nine presale stages.
The Galaxy Fox network is deeply rooted in community-participation. In support of its community’s growth and sustainability, the network dedicates 2% of all transaction fees to the community.
Final Thoughts
$FLOKI and $WIF have shown impressive price performances over the past few months. However, GFOX appears to be an impressive alternative with premium utilities at an affordable price, offering better ROI. At just 0.002376, you can join the $GFOX community and walk your way to massive profits. Join the Galaxy Fox community today!
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
*This article was paid for. Cryptonomist did not write the article or test the platform.
