$BONK and $SHIB are two of the most prominent players in the crypto meme market. With $BTC hitting a new ATH and the bull run in full motion, meme tokens are thriving more than ever before. Yet, in recent times, $BONK and $SHIB have taken a downturn since their new highs with newer memes taking the spotlight.
$BONK: Solana Dog Coin Drops 35% from All-time-High
$BONK was created as the ‘dog coin’ of the people. It began as a free airdrop to the Solana community on Christmas Day, 2022. And as the first dog-themed coin on Solana, the meme coin rapidly gained popularity, resulting in significant purchasing pressure and a rapid increase in price.
Within 48 hours of its introduction, $BONK surged by more than 30%, stirring more interest from the crypto community. Going forward, $BONK price has continued to surge amidst the bull rally, reaching an all-time high of $0.00004704 and breaking its previous-year record of $0.00003419.
However, $BONK is currently down by 35% from its recent all-time high, signifying a massive market correction. As the market adjusts to the price plunge, $BONK remains a strong contender and may rally up again to new heights.
$SHIB: Ethereum Meme Coin Down 66% from All-time High
$SHIB was one of the most popular meme coins from the pandemic era. Its launch in 2020 was one of the most trending events globally due to engagements from public figures like Vitalik Buterin, Ethereum co-founder, and Elon Musk, Tesla’s CEO.
As $SHIB gained attention and hype worldwide, it didn’t take long for investors and crypto whales to pile in, further accelerating the token’s price momentum. About a year after its inception, $SHIB achieved an all-time high of $0.00008845, a 40 million percent gain over its launch price.
While the bull market continues in full swing, $SHIB is still about 60% short of its all-time high, with several crypto experts predicting a new all-time high record later this year. Nevertheless, as old-timers like $BONK and $SHIB plunge, newer memes like $GFOX, $WIF, and $CIF are taking the spotlight.
The ‘WIFHAT’ Meme Coin Era
In December 2023, Dogwifhat ($WIF) launched on the Solana blockchain. The website’s description was simply, ‘It’s literally a dog wif a hat.’ Within four months of launch, $WIF has made millionaires and soared into the Top 50 cryptocurrencies by market cap, placing it among the rising stars of the meme economy.
The WIF saga soon began with Catwifhat ($CIF) rising by 1000% in one month and new memes like Apewifhat, Sealwifhat, Bonkwifhat, Pepewifhat, and Shibwifhat launching at smaller scales.
Although there are several meme tokens in the market, like $BONK, $SHIB, $WIF, and $CIF, investors looking to buy meme tokens before they pump 10x should look into token presales for the best entries.
$GFOX: Best Presale Token for Potential 5x to 100x
Talk about meme coins with unique functionality—that’s what you get with Galaxy Fox’s token. $GFOX is the native token of Galaxy Fox, a play-to-earn game based on space adventures. Galaxy Fox cosmic battles are designed with captivating concepts to stir up excitement in players.
$GFOX is significant for transacting on the platform and is key for incentivizing investors. Investors who hold $GFOX benefit from staking rewards in the Stargate pool. Galaxy Fox redistributes 6% of tax and royalties on each transaction with $GFOX back to the ecosystem: 2% is allocated towards the liquidity pool, 2% goes to the treasury, and the last 2% is for the staking pool.
Active players on Galaxy Fox will get points as rewards, which they can swap for $GFOX tokens. The platform will distribute 50% of the funds obtained from in-game asset revenue to the prize fund to allocate to the top 20% of players, allowing users to earn real money on the go.
Over 3000 space-themed NFTs will be released during the presale and open for minting directly on the Galaxy Fox website. Adventures and battle quests will yield NFTs and other digital collectibles that can be viewed and traded on Galaxy Fox’s NFT marketplace or on external platforms like Opensea.
Galaxy Fox presale affords investors the opportunity to buy $GFOX tokens before the coin goes live and gets listed on crypto exchanges. With the potential to yield 5x to as much as 100x depending on market conditions, $GFOX is one of the hottest crypto presale tokens riding the bull run tide.
$GFOX: One Presale Stage to Launch!
With a capped supply and deflationary mechanics, $GFOX offers immense potential for a 5x to 100x return on investment. Now at the 9th stage, the presale is quickly coming to an end, with investors gearing up for a fair and transparent token distribution.
Learn more about $GFOX here:
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