It is headline after headline for memecoins, and the second leg of meme mania is already starting to break out. Shiba Inu ($SHIB) set for Name Service Debut and airdrop. After the recent liquidation event is price recovery incoming?
Galaxy Fox ($GFOX) enters final stage of ICO, and after breaking through $4 million raised, there is no telling how crazy its price discovery could get. Memecoins are firmly back in the driving seat and the top cryptos to buy right now. Time to dive into why $SHIB and $GFOX can start soaring in the coming weeks.
Shiba Inu ($SHIB) Name Service Debut and Airdrop
Shiba Inu had a brief moment where its market cap came dangerously close to flipping Dogecoin’s ($DOGE). Up more than 150% in the last week despite the aggressive drawdown, $SHIB is excellently positioned. The launch of Shib Name Service ($SNS) is a foray into digital identity. Version 1.1 allows current name token holders to replace their names, and soon, the gate will open for everyone. A snapshot for existing $SNS token holders took place on March 4th, and these users will be airdropped their new names soon!
Owners of $SNSs can use a human-readable name instead of a complicated address, and the Shiba Name Service will work across multiple chains. Digital identity is becoming increasingly important, and this move unifies with Shiba Inu’s larger mission of becoming more than a memecoin. This move is perfectly timed with the return of retail investors, who will be a prominent market for any UX upgrade crypto can offer. $SHIB now ranks eleventh, just outside of the top ten cryptocurrencies. Is the Shib Name Service the product/ use case that will allow it to break into the top ten crypto coins?
Galaxy Fox ($GFOX) Enters Final Stage of ICO
Galaxy Fox is entering the final innings of its presale, and things are heating up. Smashing past $4 million raised and creating a staggering amount of early momentum, a wild price discovery phase will be coming soon. Galaxy Fox’s launch conditions are nearly perfect, and a small cap memecoin going to market in a mania phase is an almost scary proposition.
The hybrid model of Galaxy Fox has seen two narratives fuel its early growth. Its play-to-earn runner game has seen GameFi enthusiasts rush into the presale, and its classic memecoin build has proven incredibly popular with on-chain investors looking to score their next 100X gem. Notably, $GFOX is one of the only tokens on the market enjoying dual narrative support, and explains its ranking as one of the top cryptos to buy right now.
Staking rewards are another prominent feature of the ecosystem, and all $GFOX holders can start earning immediately thanks to the Stargate module. Stargate pays out rewards correlated to ecosystem growth and activity, and this pairs excellently with the endless runner game, which encourages ecosystem participation. $GFOX holders are more akin to stakeholders, and the token burn indirectly accrues value for all these holders by increasing market scarcity.
Closing Thoughts: Memecoin Mania V2
The second leg of memecoin mania is about to break out. Shiba Inu has launched its Shib Name Service, and Galaxy Fox is preparing for its retail launch. Make no mistake these are the top cryptos to buy right now.
Galaxy Fox’s market cap is magnitudes smaller than $SHIB, and buying $GFOX today is like buying Shiba Inu in early 2021. Are you going to let this opportunity pass you by? Join the presale now and grab your $GFOX allocation before the explosive price discovery phase.
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