Dogecoin Falls Out of Top 10 Market Cap List as New Memecoin Presale Topples $1.3 Million

19 December 2023

in DOGE

Reading Time: 5 mins read

Dogecoin Falls Out of Top 10 Market Cap List as New Memecoin Presale Topples .3 Million

In crypto, shifts in market dominance are not uncommon. Recently, Dogecoin, once one of the best meme coins to buy, has experienced a notable decline. It fell out of the top 10 in market cap rankings and currently holds a market cap of approximately $13.4 billion.

Meanwhile, a new player, Galaxy Fox ($GFOX), is hitting new milestones, surpassing $1.3 million in its presale. If you’re searching for the best meme coins to buy now, read till the end to stay current with the market trends.

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Dogecoin’s Historical Market Position

$DOGE started as a fun alternative to traditional digital currencies and quickly gathered a dedicated fan base. Its success came from a mix of humor, strong community support, and sometimes celebrity backing. #DOGE had a significant market value, making it one of the best altcoins worldwide.

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However, recently, Dogecoin’s position in the market has dropped which has some reasons. These include the unpredictable nature of the crypto market, investors shifting their interest to cryptocurrencies with more practical uses, and a trend toward new and innovative tokens. This shift in Dogecoin’s ranking shows how the market is changing.

Rise of Galaxy Fox ($GFOX)

Galaxy Fox is a new player in the meme coin market and has quickly gotten hyped up on the market. It differs from the typical meme coins by mixing elements of gaming, DeFi, staking, and NFTs. This creates a broader and more interactive platform for both players and investors. Its fresh approach has caught the eye of many in the cryptocurrency community.

A key feature of Galaxy Fox is its Web3 runner game, which offers weekly and monthly rewards to top players. In this game, money spent on in-game assets goes into a prize pool. Each gaming season, players who rank in the top 20% on the leaderboard win 50% of these funds.

Galaxy Fox also gets noticed for its catchy design and marketing, supported by the Treasury, which collects 2% of all transaction taxes. Also, $GFOX is hyper-deflationary, which means it aggressively reduces its supply through burning mechanisms to keep the token valuable.

Its presale mechanism makes this new ICO crypto especially appealing. With every successive phase, the coin’s price increases. Given that 90% of the tokens in the current fourth stage have already been sold, it seems that the next price rise will occur shortly.

For this reason, $GFOX might be the best meme coins to buy now if you’re looking for a safe way to enter the present unpredictable market and want to ensure that you get a 100x return.

Final Remarks

When compared to Dogecoin, which was valued mostly by its meme status and community support, $GFOX offers a fresh perspective, bringing real functionality and a one-of-a-kind gaming experience.

It seems that the meme coin market sector is maturing, and meme coins like $GFOX that provide more than simply speculative value are taking center stage now. So, think twice before putting your money into Dogecoin as one of the best meme coins to buy now, as the new trends are offering different market directions.