The general crypto market, which has been bullish for most of the year, is currently experiencing a decline attributed to the recent fall of Bitcoin, as it sank down to the $60K level. As expected, memecoins like PEPE, $FLOKI, and $SHIB were highly affected. However, $GFOX, the Ethereum-based memetoken, remained unmoved and has generated over $5.2 million in presale. This coin possesses several exciting features with more apparent real-world applications, making it one of the tokens poised for a significant rally this year. This says quite a lot about the token, which has been hailed as one of the top ICOs of the year.

Meme Coin Prices Drop as $BTC Pullback Hits Market Hard

The meme coin market grew significantly in recent months, with some memetokens rallying by three digits. However, it has dropped in value recently, and experts attribute the cause to the current pullback in the overall market led by $BTC, which is down by 9% in the past seven days.

This market downturn affects top meme coins like $PEPE, $SHIB, and $FLOKI as their respective prices have declined by a two-digit percentage. On March 14, $PEPE, the frog-themed meme coin, traded at $0.00001074, then declined by 23% within one week to trade at $0.000008248.

$FLOKI, on the other hand, declined by 27.3% from $0.0003113 to $0.0002263 between March 14 and 21. As for $SHIB, although it went up by 266.8% from $0.000009404 to $0.00003447 between February 14 and March 14, it fell by 21% within one week to trade at its current price of $0.00002743. The future trajectory of the meme coin market remains uncertain amid this current market pullback. This is because its recovery mainly relies on the general crypto market.

Meme Market Slumps as Galaxy Fox Soars; Investors Eye Post-Launch Boom

Despite the overall market’s decline, which significantly affects memetokens, $GFOX keeps surprising investors by gaining significantly and delivering massive ROIs. The token’s outstanding progress has inspired many crypto experts who now believe it’s one of the tokens that will experience remarkable growth this year in the crypto world.

As a blockchain protocol, Galaxy Fox moves to blend the NFT world with Play-to-earn gaming, and this is one of the factors that has positioned its tokens for remarkable growth. The platform plans to launch 3000 unique NFTs representing game characters from the Galaxy Fox ecosystem. These NFTs will have distinct characteristics, strengths, and weaknesses, promoting variety and uniqueness within the ecosystem. Galaxy Fox will also launch its native NFT marketplace where users can trade their NFTs for $GFOX tokens.

Galaxy Fox has well-structured tokenomics focused on incentivizing long-term holders of $GFOX by rewarding them for staking their $GFOX tokens. The platform also runs a treasury to preserve assets and fund its future developmental programs. The treasury will also help sustain its ecosystem and promote transparency and accountability in its financial operations.

Galaxy Fox is currently in the last stage of its presales (stage 10), and many investors, especially those who joined in stage 1, will cash out massively. These stage 1 investors will gain a whopping 450% ROI on their investments when the token launches; others who joined later will also gain attractive returns once the presale concludes. According to experts, Galaxy Fox’s rally will continue after presales. This strong sense of optimism is massively driving up the demand for the token, which is currently selling for $0.00364 per token.

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Conclusion

As the meme coin market slumps due to the broader market pullback, top memes like $PEPE, $SHIB, and $FLOKI may continue to look unprofitable to investors looking for good crypto to buy. However, they will remain eye-focused on $GFOX, the meme coin with incredible features and multiple use cases. Its remarkable presales success and potential to pump significantly when it enters the retail market are contributing factors.

Don’t miss out on this token’s incredible growth on market entry. Buy $GFOX tokens today! Visit the website to get started and join the Telegram community for more updates.

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