$XRP Price Breaks-Out with 16% Pump; Best Memecoin Option for 100X: $DOGE, $PEPE, $WIF or $GFOX?
The post $XRP Price Breaks-Out with 16% Pump; Best Memecoin Option for 100X: $DOGE, $PEPE, $WIF or $GFOX? appeared first on Coinpedia Fintech News
A massive liquidation flush on March 5th has seen several prominent altcoins bounce back fast, and the market is showing its hand. Those that recover fastest have the most pent-up demand, and these are the fast horses to back moving into the 2024/ 2025 cycle.
Ripple’s ($XRP) price breaks out with an 16% pump, cementing its position as one of the top cryptos to buy right now. While majors are recovering, memecoins are still running red hot. But which is the best memecoin option for 100X returns? Dogecoin ($DOGE), Pepe ($PEPE), dogwifhat ($WIF), or Galaxy Fox ($GFOX)?
Ripple ($XRP): From Liquidation Flush to 18% Pump
Ripple like the rest of the market saw a vicious downturn on March 5th, registering a wick touching $0.55. $XRP has since posted an impressive 18% pump, which is a clear sign that sidelined capital was waiting for a good entry. The token is now registering an admirable 16% rally over the past two weeks, and nearly 25% for the month. But what is driving this demand?
Speculations centering on a potential Ripple Spot ETF continue to swirl, and its prominent position among the top ten cryptocurrencies makes it a likely and viable candidate. However, truly underlying this surge is Ripple’s somewhat counterculture attitude in the crypto space.
Whereas most crypto projects have distanced themselves from TradFi and built their narratives as alternatives to traditional markets, Ripple is targeting the banking market and wants its payment rails to be used to conduct cross-border banking transactions. Needless to say, trillions in dollars of volume would skyrocket $XRP’s price if this lofty dream is realized.
Hottest Memecoin For 100X Returns This Cycle?
Memecoins are the obvious winners and frontrunners this cycle. Anybody writing them off as speculative investments shows their ignorance. Speculation, for speculation’s sake, is an art form, and humans have always shown a preference for fast money throughout the ages. Memecoins perfectly embody this desire- fade them at your own peril. They are the top cryptos to buy right now.
The top choice for 100X returns this cycle is Galaxy Fox, and this token is leagues and bounds ahead of its competition. First, it has a $4 million market cap. Second, it has dual narrative support. Third, Galaxy Fox is pioneering a new hybrid model. Crypto is a pioneering industry, and betting on pioneers is a fast track to winning.
Galaxy Fox’s hybrid model takes a standard memecoin build and incorporates a P2E game. Its endless runner is similar to Temple Run- a game that took over the world- but with a Web3 twist. The most skilled players earn real cash, and at the end of each season, the prize pool is distributed to the top 20% of the leaderboard.
The tokenomics model delivers the classic deflationary token burn- an almost enshrined value accrual mechanism in the memecoin genre. And supercharges it with staking rewards and a taxation system that routes capital around the ecosystem to drive growth. Holders are earning based on ecosystem activity, and all elements of Galaxy Fox, from its NFT collection to its P2E game, have been designed to encourage activity. Staking $GFOX is the winning play in this ecosystem, and this distribution of rewards aligned with ecosystem growth makes it one of the top 5 cryptos to buy now.
Closing Thoughts: Understanding Market Caps
Market caps are the key to success when understanding upside potential. Ripple has great chances this bull run, but can it 100X with a market cap of $34 billion? Absolutely no way. The same is true of the other leading meme tokens.
The top cryptos to buy right now are small-cap gems. When everything goes up, the biggest winners are those holding the smallest market cap tokens. Multi-billion dollar market caps become normal in bull markets, and this is where Galaxy Fox is heading. If you want to join the big leagues this cycle, you should join the Galaxy Fox presale today.
Learn more about $GFOX here: