Three meme coins – Dogecoin, Shibu inu, and Pepe have captivated investors’ attention over the past months due to their massive pump potential. Unfortunately, their price movements have not been bullish as they battle for more use cases. Galaxy Fox is a P2E gaming project that offers more rewards in several use cases. This article will uncover why analysts have ranked it as one of the best meme coins to buy now.
Dogecoin Analysts Predict a 2,200% Price Surge
According to analysis, Dogecoin’s value had been falling under a descending resistance trendline since its May 2021 peak of $0.740. Technical analysis shared by an experienced crypto analyst, Ali Martinez suggests that DOGE’s price could increase.
Martinez reported that Dogecoin has formed a pattern to increase by 2,200% to reach $1.6. $DOGE has already shown positive signals on the daily chart that have hinted at a potential rally. Firstly, $DOGE has broken out of a multi-year descending triangle pattern.
Also, $DOGE has recorded 18 green days over the last 30 days. Dogecoin’s RSI has crossed the 50 mark to 61, a sign of bullish movement. However, the price of Dogecoin could drop further if bulls fail to hold the $0.066 price level.
Shiba Inu Whales Refuse to Back Down
Shiba Inu news in the past month has uncovered several whale transactions. According to Etherscan.io data, the latest transaction involved a whale that moved 4.52 trillion $SHIB.
In other news, data from Etherscan.io shows that $SHIB holders have crossed 1.34 million. This shows that whales and retail investors have not given up on the Shiba Inu coin. The $SHIB burn rate dropped 94.04% on October 31st. The Shiba Inu army has only burnt 6,356,311 $SHIB.
According to CoinMarketCap, Shiba Inu’s price dropped 0.6% on October 31st to $0.00000797. Still, Shiba Inu forecast still stood bullish as it holds on to its weekly and monthly gains of 5.5% and 6.7%, respectively.
Pepe ($PEPE) Gains 75.4% on 14-day Chart, Rally Incoming?
Pepe, the frog-themed meme coin remains one of the top cryptocurrencies in the crypto market. Despite Pepe coin’s bearish movement lately, data shows it is still among the top 100 crypto.
As the crypto market rallied In the last week of October, the price of $PEPE increased to reach $0.00000134. Analysts have remained enthusiastic on Pepe crypto due to its popularity, making it one of the best meme coins to buy right now.
Galaxy Fox ($GFOX) To Outperform Other Meme Coins
According to GlobeNewswire, the P2E gaming market has massive potential. In 2021, it was valued at $776.9 million, and it is expected to reach $2.84 billion by 2028. The Galaxy Fox ($GFOX) has been created to tap from this growing industry. Galaxy Fox has positioned itself as a top contender of Dogecoin and Shiba Inu as it has integrated utility through its P2E gaming ecosystem.
Industry experts have voted it as one of the best ICOs in recent times because of its hybrid model. Galaxy Fox also aims to build the best way to earn passive income with cryptocurrency in 2023. Rewards will be earned by top players in the game.
Galaxy Fox offers an opportunity for token holders to earn money by playing games. Additionally, top performers each month receive rewards from the treasury fund. Galaxy Fox aims to build the best way to earn passive income with cryptocurrency in 2023.
Currently, Galaxy Fox is in the initial stage of its presale and is priced at $0.00066. Meanwhile, Galaxy Fox has talked about releasing 3000 rare NFTs soon. However, access to these NFTs is reserved for those who hold the $GFOX token. So, get the token now before the NFTs are launched.
Learn more about Galaxy fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
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