Christmas came early for the cryptocurrency market, with most coins extending their gains from 2023. Memecoins haven’t been left out of the rally, with the sector’s market capitalization surging above $22 billion.
The best meme coins to buy based on their recent performances are Dogecoin ($DOGE), Shiba Inu ($SHIB), Pepe ($PEPE), and Galaxy Fox ($GFOX). Let’s find out how well these memecoins have performed and what their targets for the bull market are.
Galaxy Fox ($GFOX) Leads the Meme Coin Rally
In the latest memecoin mania, Galaxy Fox ($GFOX) has experienced the biggest price jump. The price of $GFOX increased by 33% in December from $0.00066 to $0.0008778. The price jump comes on the heels of interest from investors who have seen the project raise over $500,000.
There’s been massive interest in the project mainly because of its unique offerings. Galaxy Fox has infused utility by building a blockchain gaming ecosystem, unlike other meme coins. The game is based on an exhilarating web3 game where exciting fox avatars dominate the universe.
You can win fascinating prizes and earn incentives by playing the Galaxy Fox games. Every season, the top 20% of gamers also stand a chance to win extra tokens. Furthermore, the treasury fund offers incentives to the ecosystem’s top performers. Galaxy Fox intends to produce one of the coolest NFT collections, featuring 3,000 unique NFTs.
Galaxy Fox is ranked as one of the best meme coins to buy because of its versatility and utility. In addition to its 33% increase, it has been projected to rise to $0.001122 soon. In the long term, the ERC-20 coin has been projected to rise by up to 1,000%, making it one of the best cryptocurrencies to buy in 2023.
Pepe ($PEPE) Sees a Resurgence, How High Will it Go?
When PepeCoin launched in April, it quickly gained massive attention. After gaining more than 2,700% in the first few weeks of its launch, $PEPE declined in interest. From the best cryptocurrency to buy of 2023, $PEPE dropped by more than 70% from its ATH.
However, Pepe has now regained its bullish momentum. On the weekly chart, the price of Pepe has increased by more than 30%, making it one of the top meme coins to buy. However, the rally can be linked to the increase in the broader crypto market.
Dogecoin ($DOGE) Closes in on $0.10
Despite being the most popular meme coin, Dogecoin ($DOGE) has struggled for the majority of 2023. It has, however, gained from the current crypto market rally. The price of $DOGE has climbed by more than 17% on a weekly basis.
As a result, Dogecoin is rapidly approaching the $0.100 resistance level. Throughout 2023, $DOGE has failed to reclaim this level. A break above this level could signal the start of a bull run for $DOGE.
Shiba Inu ($SHIB) Regains Momentum As Burn Rate Spikes
In early December, the Shiba Inu burn rate increased by more than 7,686,774%. As a result, $SHIB has re-established some positive uptrend momentum.
$SHIB, like Dogecoin, has risen by more than 17% in the last week. However, the Shiba Inu price is now attempting to break over the $0.00001000 barrier level. Reclaiming this resistance could lead to another 20% rise in $SHIB.
Final Thoughts
Dogecoin, Pepe, Shiba Inu and Galaxy Fox are among the best meme coins to buy based on their recent performance. Yet as we approach the 2024 bull market, $GFOX has shown more promise because it offers a utility that many other meme coins lack. This has fueled increasing demand from investors, sending their presale skyrocketing. So get in early on this one before the next price increase!
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