Frogs and Dogs Fall Behind as Fox Nabs $1 Million Mark
cryptonews.comMemecoins are the flavor of the month, and this cycle, they will replace NFTs as crypto’s primary long-tail risk asset. These small caps are on-chain gems and can easily 5X in less than a week. Finding the right meme project early has turned many into millionaires, and this is a feature, not a bug.
Each chain currently battles to find its leading contender, and the top ten cryptocurrencies to buy now from a risk-adjusted returns perspective are all memecoins. However, not all memecoins are created equal, and as frogs and dogs take a hit, Galaxy Fox ($GFOX) chases the $1 million mark.
Pepe ($PEPE) and Shiba Inu ($SHIB) Down: The End of An Era?
Times are changing faster than the old generation of memecoins can keep pace with. Pepe ($PEPE) and Shiba Inu ($SHIB) have both shown disappointing performances recently despite a market-wide rush into memecoins. Why? Investors are rotating their holdings into newer, shinier projects with small market caps that can still print 100xs.
Returns are the name of the game in the meme sector, and Pepe’s and Shiba Inu’s bloated market caps can no longer produce the returns investors seek. $PEPE was even eclipsed by $BONK and lost its spot as number three.
This trend away from the old and toward the new will continue, and holding $PEPE and $SHIB will come with a massive opportunity cost. Why hold these memecoins that have already had their moment in the spotlight? Rotate to fresher pastures and tokens still yet to 100X like Galaxy Fox.
Galaxy Fox ($GFOX) Gunning For Number One Spot
Galaxy Fox is aiming for the number one spot, and its incredible presale funding points to its success in this mission. This token is on a one-way ticket to the top. Raising over $1 million, with half of this raised
