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Galaxy Fox (GFOX) is aiming to reach the $6 million mark in its ongoing presale campaign
Centralized exchanges are joining the meme-themed party, and frankly, the upside potential of this asset class is terrifying this cycle. Meme coins have steadily become supported plays on their underlying networks and essential parts of on-chain culture.
All of the top 10 cryptocurrencies to buy right now are in the memecoin vertical, and the king has been on the move, indicating it's time for a second wave. Dogecoin value surges nearly 20% on Coinbase news, Galaxy Fox price expected to reach $6 million. Things are heating up, and a second round of mania is imminent.
Dogecoin price surged nearly 40% on Coinbase news
Dogecoin is the king of memes and creators. When it starts moving, it's a sign that a big rally is coming, and with DOGE up nearly 20% based on Coinbase news, investors will have to move quickly. The Commodity Futures Trading Commission (CFTC) has approved the Coinbase derivatives exchange app for DOGE futures.
Now, individual investors can trade Dogecoin, but leverage and futures markets always lead to market volatility. But what is even more interesting is that this opens the door to DOGE speculation for more sophisticated investors who prefer to use derivative products.
This massive DOGE is great news, and it's only a matter of time before small caps start making crazy gains. As a long-term investment, Dogecoin is considered safe by the SEC because it is a proof-of-work (PoW) network based on Bitcoin, which has already gotten the green light. It is an excellent cryptocurrency for beginners who invest their money in meme coins, the next question now is when the community will revive DOGE calls for $1.
Galaxy Fox is poised to hit $6 million
Galaxy Fox has been a huge success in its pre-sales, and after rising to over $5 million, it is expected to reach $6 million in early April. Two main factors driving this early success are Galaxy Fox's unique architecture and the growing demand for coin ownership. Already listed among the top 10 cryptocurrencies to buy now, it remains to be seen how far this gem will fly in the coming months.
Its hybrid model results from the integration of the play-for-profit game and ecosystem. This endless runner from Web3 pays out prizes every season. While providing entertainment and potential cash flow to skilled players, it will serve as an excellent onboarding path for users to the broader ecosystem. The token model is where GFOX excels, earning it the title of the best cryptocurrency to invest in this quarter.
Currency super cycle
Staking rewards unlock direct earnings for all token holders. Combined with an aggressive burn policy, these dealers will realize a return on fully deflationary assets with massive upside potential. No wonder its pre-sales have already sold out by over 90%.
This third generation meme coin is currently undervalued in the market. However, when the staking payments materialize, and the burn campaign begins, GFOX will start moving quickly. Growing demand meets dwindling supply has always been the price of jet fuel.
Coinbase's push to acquire DOGE futures is emblematic of the larger trend at play. Even centralized exchanges are waking up to the dominance of meme currencies this cycle, and this is a story you don't want to miss.
To learn more about this project, visit the Galaxy Fox pre-sale site or join the community
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