Why Are Early $DOGE Investors Stacking This New Meme Coin?
Majors rising across the board, stablecoin supply going up, and institutional money scrambling to get on-chain ahead of the Bitcoin ($BTC) Spot ETF. The trajectory is already clear and soon the pre-bull market phase will give way to the authentic bull market. That means another memecoin season is coming.
On-chain data shows seasoned traders frontrunning this event already. Galaxy Fox ($GFOX) has become a target due to its tiny market cap and solid growth strategy. Already dubbed a top crypto to buy now by leading experts, why are early Dogecoin ($DOGE) investors stacking this new memecoin?
Galaxy Fox ($GFOX): For Those That Missed $DOGE
Galaxy Fox is a new memecoin/ P2E hybrid, and its presale has already surged past $400K as early $DOGE investors rotate holdings into what could be the top crypto to buy in 2023. But why has Galaxy Fox overtaken its competition?
This hybrid token model takes the virality and deflationary tokenomics from the memecoin genre and blends them with a classic P2E token. Galaxy Fox’s cosmic characters will even feature on real-world merchandise, and the generated revenue will fund the Treasury. The Treasury in turn then funds marketing efforts and supports community initiatives, activating a user acquisition flywheel.
A classic Web3 runner game and rewards for the top-ranked players each season make up the P2E component. One factor that cannot be ignored is staking rewards. Crypto investors love generating yield, and generating native yield on an single-sided asset allows them to earn passive income and benefit from price appreciation.
Stargate is the reward hub in the Galaxy Fox ecosystem, and it accrues 2% of all buy and sell taxes to fund staking payouts. Due to a lack of token emissions, early
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