Three popular meme coins (PEPE, Galaxy Fox, and Wall Street Memes) have been trending in the recent cryptocurrency rally. However, investors are more interested in how they will perform in the next bullish cycle. This article will discuss their features and provide insight into which ones are worth considering for investors.
Wall Street Memes has fallen 50%
Wall Street Memes (WSM) became popular as one of the top ICO pre-sales in 2023, raising over $25 million in just four months. According to CoinMarketCap data from Wall Street Memes, the token had a market capitalization of $45 million and was ranked 421st.
One of the notable features of Wall Street Memes is its rewards. Wall Street Memes were created to reward WSM token holders. The token has faced strong bearish momentum after reaching its all-time high of $0.07971.
WSM price is down 52% in the last 30 days, reaching $0.02484304 in October. The sharp drop highlighted growing bearish pressure and suggests further price declines ahead.
Analysts are optimistic about PEPE
In April 2023, PEPE grew rapidly to compete with Dogecoin (DOGE) and Shiba Inu (SHIB).
The surge in popularity sent PEPE higher, boosting prices by more than 7,000% to a high of $0.000004354 in May before a major price pullback.
PEPE’s market capitalization reached an all-time high of $1.8 billion. Even so, PEPE’s upward trend was short-lived because it lacked utility.
PEPE has come under intense bearish pressure, causing its price to drop to a low of $0.000001173. Similarly, PEPE’s market capitalization has fallen to $489 million as of October 2023.
However, some market analysts remain optimistic about the future of PEPE, considering its deflationary model. As a result, experts predict that PEPE will reach $0.000001601 in the coming months.
Can Galaxy Fox compete with Wall Street Memes and PEPE?
Galaxy Fox aims to combine the best of meme coins and utility tokens. It is based on a deflationary mechanism and token burning to counteract the volatility of meme coins.
The goal is to reduce the supply of the Galaxy Fox token, GFOX, which could increase its price over time.
Additionally, Galaxy Fox offers utility in the play-to-earn (P2E) gaming ecosystem. The P2E gaming market has been growing steadily and Galaxy Fox is designed to take advantage of this growth.
Its combination of meme coins and P2E gaming utility is why investors are also exploring GFOX.
Galaxy Fox plans to release 3,000 rare NFTs during its pre-sale, which will only be available to GFOX holders.
Currently, the platform is in the initial pre-sale stage and is valued at $0.00066.
Learn more about Galaxy Fox (GFOX) here:
Visit the Galaxy Fox pre-sale | Join the Telegram group | Follow Galaxy Fox on Twitter
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