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Dogecoin Surges 70% This Week: The largest memecoins in the world by market capitalization, $DOGE, has witnessed an incredible climb over the last several months.
As memecoins go crazy, it has lately seen a price spike of over 70% in the last seven days.
Technical analysis suggests that $DOGE is still on track for a stronger uptrend, but cryptocurrency experts advise buying $GFOX, a memecoins that is presently in presale, as it may outperform $DOGE and yield a higher return.
The first memecoin, $DOGE, has been around for about ten years and is now leading the group of memecoins in terms of notable price fluctuation. The token has had strong bullish momentum throughout time, generating enormous profits for investors.
Based on statistics from CoinMarketCap, the token’s price has risen by more than 100% in the previous 30 days and by slightly more than 90% in the last 7 days.
Additionally, $DOGE has gained by more than 20% in the past day. Even while all of these demonstrate $DOGE’s remarkable surge over the previous few weeks, analysts have projected that the token’s future price fluctuations will likely be larger than the ones that are currently occurring.
The ecosystem of $DOGE is thriving because it has received public backing from well-known individuals like Vitalik Buterin, co-creator of Ethereum, and Elon Musk, founder of SpaceX.
Investor trust in the token’s future prospects and price movements has been enhanced by the endorsement of these prominent personalities.
The native token of Galaxy Fox has been bullish since its pre-sales began; this is no longer news. As it enters its eighth stage of presales, the token has returned about 230% to investors in stage 1.
A blockchain platform called Galaxy Fox aims to maximize the advantages of web3 and gaming. In addition to being a web3 runner game play-to-earn platform, it also facilitates NFT trading.
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The platform will introduce 3000 distinct NFTs, which may be created on its website and exchanged on well-known NFT markets like OpenSea through the company’s own marketplace.
In addition to being tradable, the NFTs can be utilized in the on-chain game since they will feature characters from the Galaxy Fox universe.
These NFTs can be utilized to improve player abilities during gameplay, which could raise the owner’s passive revenue from Galaxy Fox games.
Within its ecosystem, Galaxy Fox has included a special and useful mechanism to safeguard the value of the $GFOX coin.
By deliberately removing a fraction of the $GFOX tokens in circulation, a method known as “Token Burn” is implemented to lower the token’s total supply and possibly increase its rarity, which raises its intrinsic value.
With just two stages remaining in the presales, Galaxy Fox is virtually done with approximately 3 billion $GFOX tokens sold.
Speculators have already begun preparing for the token’s official release on exchanges, as analysts have projected that it may surpass all other memecoins and become the year’s biggest gainer.
Unquestionably, one of the top cryptocurrencies with promising futures is $DOGE, but if you’re searching for a token that will provide you with a higher return on investment for a smaller investment, $GFOX is your best option.
With its numerous applications and deflationary model, the coin has been making investors extremely wealthy, and it is clear that better times are still to come.
Disclaimer: The information provided is for educational and informational purposes only. It does not constitute financial advice, and you should always conduct your research or consult with a professional before making any investment decisions.
