$BONK, $WIF and $PEPE Get Crushed as $GFOX Soars Past Major Milestone
Release: 2024/02/26 16:04 Reading: 417
The market for meme coins has seen a significant surge during the last several weeks. During the most recent market upswing, Bonk ($BONK), dogwifhat (WIF), and Pepe ($PEPE) proved to be the best meme coins to buy.
The surge has stalled, though, as $BONK, $WIF, and $PEPE have all seen large losses. However, Galaxy Fox ($GFOX) has maintained its upward trajectory and is currently among the best meme coins to buy now. Continue reading to learn why $GFOX has set a new milestone in a bear market.
Bonk’s ($BONK) Screeching Rally Comes To a Halt
One of the best altcoins, Bonk ($BONK), emerged during the crypto market boom in February. The price of $BONK increased by more than 50% from a low of $0.00000970 to trade as high as $0.000014500. Nevertheless, the meme coin has experienced a sharp decrease since reaching its high.
Bonk’s price has fallen 13% in the last week and is now back in the $0.0000113 area. The price of Bonk may drop to $0.00001000 in the upcoming days if bulls are unable to hold the $0.000011000 support level. If selling pressure persists, $BONK may possibly retest its monthly lows.
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Show more +dogwifhat ($WIF) Suffers 20% Price Plunge
Dogwifhat ($WIF), another meme coin based on the Solana network, has been subject to strong selling pressure. Following a brief period of consolidation in February, the market was taken over by sellers, resulting in weekly chart losses of over 21.5%.
The sell-off has caused the price of $WIF to fall to the support level of $0.300. Sellers don’t appear to be slowing, thus dogwifhat may lose considerably more money in the days ahead. A decline below this level of support can trigger a further 15% decline in price.
Pepe ($PEPE) Struggles With Increased Bearish Pressure
Due to the general adverse trend in the market, Pepe ($PEPE) has become one of the best meme currencies to buy. The price of $PEPE plummeted to the $0.000001100 support level, then buyers stepped in, forcing the ERC20 coin to rise.
On the weekly chart, Pepe coin has gained 6%, offsetting its recent losses. This may be related to more users coming back to the Pepe network. $GFOX is another meme coin that has persevered over the downturn.
Galaxy Fox ($GFOX) Stuns Investors, Surges Past New Milestone
While many of the top meme coins to buy have struggled with bearish pressure, Galaxy Fox ($GFOX) has been one of the standout performers. Galaxy Fox recently caught the attention of the market as it surged past the $3.5 million mark to become one of the best ICO presales for 2024.
There has been a surge of interest in Galaxy Fox as it hopes to revolutionize the meme coin space. Unlike $PEPE, $WIF, and $BONK, which lack utility, $GFOX is a multi-utility token. This is possible as Galaxy Fox is building a blockchain gaming ecosystem, a merchandise store, some of the coolest NFTs, a marketplace, and a staking pool.
As the native token of this ecosystem, $GFOX is currently in high demand and has been projected to benefit from its utility. Over 2.7 billion $GFOX tokens have already been snapped up as many investors are expecting the 50x returns many top analysts have forecasted for Galaxy Fox in 2024.
Closing Thoughts
While the top meme coins, $BONK, $WIF, and $PEPE, struggle with bearish pressure, $GFOX continues to hit new milestones. Its unique approach and growing demand made Galaxy Fox one of the best meme coins to buy in 2024. With only two days left before its launch, now is the best time to join Galaxy Fox.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
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