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Galaxy Fox ($GFOX) aims to reach $6 million in ongoing presale campaign
Centralized exchanges are joining the meme-themed party, and frankly, the upside potential for this asset class is scary this cycle. Meme coins are steadily becoming a key part of the underlying network and on-chain culture.
The top 10 cryptocurrencies to buy now all sit in the meme coin vertical, and the kings are starting to move, indicating it's time for a second wave. Coinbase news shows Dogecoin is up about 20%, and Galaxy Fox is on track to reach $6 million. Things are heating up and the second round of Mania is just around the corner.
Dogecoin rises about 40% on Coinbase news
Dogecoin is the king and originator of memes. Once it starts moving, it's a signal that a big rally is coming, and investors will need to act fast as DOGE is up almost 20% on Coinbase news. The CFTC has approved Coinbase's derivatives exchange application for DOGE futures.
Currently, retail investors can trade Dogecoin, but leveraged and futures markets always introduce volatility to the market. But most interestingly, this opens DOGE speculation to more sophisticated investors who prefer to use derivative products.
This huge amount of DOGE is great news, and it's only a matter of time before small-cap stocks start making incredible gains. Dogecoin is a Bitcoin-based PoW network that has already received permission, so it is safe from the SEC as a long-term investment. This is a great cryptocurrency for beginners who are dipping their toes into memecoin investing, and the next question is when will the community revive the demand to raise DOGE to $1?
Galaxy Fox expected to reach $6 million
Galaxy Fox has been a phenomenal pre-sale success and is expected to hit $6 million in early April after soaring past $5 million. Two central factors driving this early success are Galaxy Fox's unique architecture and the growing demand for meme coin ownership. Already listed in the top 10 cryptocurrencies to buy right now, it remains to be seen how high this gem will rise in the coming months.
Its hybrid model was born from the integration of play-and-earn games and ecosystems. This her Web3 endless runner pays out prizes every season. It serves as a great user onboarding funnel for the broader ecosystem while providing entertainment and potential cash flow for seasoned players. What makes GFOX so great is its tokenomics model, which earned it the title of top cryptocurrency to invest in this quarter.
Meme coin super cycle
Staking rewards make it easy for all token holders to earn money. Combined with an aggressive burn policy, these stakers end up capturing yield from a completely deflationary asset with significant upside potential. No wonder pre-sales are already over 90% sold out.
This third generation meme coin is currently undervalued in the market. However, once staking payments become a reality and burning campaigns begin, GFOX will start to move rapidly. An increase in demand in response to a decrease in supply has always made jet fuel more affordable.
Coinbase’s push to acquire DOGE futures is emblematic of a larger trend currently underway. In this cycle, even centralized exchanges are waking up to the dominance of meme coins, and this is a story you don't want to miss.
To learn more about this project, visit the (Galaxy Fox) presale website or join the community.
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