The rapid rise of Bonk ($BONK) in late 2023 quickly made it one of the top meme coins to buy. However, joining Dogecoin ($DOGE), the number one Solana-based meme coin has been experiencing a flatline for the last couple of weeks.
On the flip side, emerging rivals Galaxy Fox ($GFOX) and dogwifhat ($WIF) have emerged as the best meme coins to buy. Read on to find out more about the current state of these four meme coins.
Bonk ($BONK) and Dogecoin ($DOGE) Flatlines
Bonk ($BONK) experienced one of the most explosive rallies in the fourth quarter of 2023. The rally helped $BONK close the year with more than 7,000% gains, earning it a position on the list of best meme coins to buy.
However, 2024 for Bonk has been tough. In the past two weeks, the price of $BONK has flatlined between $0.00001200 and $0.00001400. The decline in bullish momentum can be linked to a decline in activity and usage of the coin.
Dogecoin ($DOGE) is another top meme coin that is facing the same stagnation as $BONK. On the monthly chart, the price of $DOGE has ranged between $0.0800 and $0.0900. Unlike Bonk, Dogecoin has flatlined despite some major adoption news.
Ferrari recently announced that it now accepts $DOGE as a means of payment for its luxury cars. The announcement was made just days after SpaceX began accepting Dogecoin. Despite these major adoptions, $GFOX and $WIF are some of the best altcoins outperforming Dogecoin.
dogwifhat ($WIF) Leads Solana Meme Coin Rally
Bonk’s interest decline has played out to benefit dogwifhat ($WIF). On the weekly chart, the price of $WIF has spiked by more than 50% to peak above the $0.4700 level. Year-to-date, dogwifhat is showing even bigger gains of more than 120%.
Although the price of dogwifhat has retracted back to the $0.3400 price level, there are still predictions for another rally. A technical indicator shows that $WIF has formed the Adam and Eve setup, which could see its price rally in the coming days.
With a price target at $0.6399, dogwifhat is one of the best meme coins to buy now. Another meme coin that has caught the attention of the crypto community is Galaxy Fox.
Galaxy Fox ($GFOX) To Lead the Meme Market Rally of 2024
While still a new ICO crypto, Galaxy Fox ($GFOX) caught the attention of the meme coin community for doing something different. Unlike $DOGE, $BONK, and $WIF, which have very few utility, Galaxy Fox was built with a range of utilities.
The core of its ecosystem is the immersive web3 runner game. Players will take on a journey through different virtual worlds, conquering challenges and missions to earn rewards. Galaxy Fox offers exciting rewards, which a player can convert into real cash via its marketplace.
The Galaxy Fox ecosystem also features some of the coolest NFTs in the blockchain gaming space. These one-of-a-kind collectibles provide strength increases to characters, providing them with power ups to increase players’ financial rewards.
Galaxy Fox has become one of the top-rated projects to launch in 2024 by offering both utility and exciting rewards. $GFOX has already seen a price increase of 230% to trade at $0.002178. However, as it approaches its launch, analysts have projected gains of 50x, making it the best cryptocurrency investment for the 2024 bull market.
Closing Thoughts
The recent poor market performance of Dogecoin and Bonk has paved the way for the emerging dogwifhat and Galaxy Fox to shine. While these are now two of the best meme coins to buy, $GFOX has shown more potential with its utility and earning potential it provides to users.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
The post $BONK and $DOGE Flatline as $GFOX and $WIF Push Higher appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.
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