PEPE falls when SUI drops 40%. GFOX leads to $5M target
2024 began with a lot of speculation about overall market performance. While the global crypto market awaits SEC approval on the Bitcoin ETF, another central talking point in crypto circles has been the rise and fall of memecoins.
Top of the list of memecoins making waves in 2023 is $PEPE. However, in the months since its launch, the coin has not been able to sustain its interest and price growth. Another major controversy with $PEPE was PEPE Coin 2.0.
While investors are still trying to wrap their heads around the “fake” new coin, memecoins like $SUI and $GFOX have been announced. Both coins were minted in Early holders who waited until 2024 had promising price expectations.
In this episode we'll break down the highs and lows of Pepecoin, the potential of the new Pepe coin, and current demand against $SUI and $GFOX. look out.
The latest on PEPE
Pepe Coin ($PEPE) is a memecoin built on the Ethereum blockchain that has gained popularity since its launch in April 2023. Despite the fluctuating price, thousands of investors have bought the coin on major crypto exchanges.
In the year There were general concerns that an “undisclosed” amount of $PEPE tokens were inexplicably transferred from the project's wallet to central exchanges in August 2023. This led to a decline in the coin's value and acceptance. In September, despite assurances from the Pepe community about the safety of the remaining tokens, the price continued to drop. In October, a new group of advisors was announced, along with burning some tokens to increase the coin's scarcity and value.
Pepecoin appeared to be back on track after these major changes until the arrival of Pepe 2.0. The new Pepe coin is said to have been created by blacklisted individuals from the original Pepe coin project. Unlike the tax-free original, Pepe 2.0 imposes a 1% transaction tax on marketing, liquidity and community development, which naturally limits adoption, popularity and value.
The new Pepe Coin roadmap includes the launch steps for a coin that doesn't have a community partnership plan or is listed on Tier 1 exchanges.
SUI 40% price pump
Mysten Labs-backed SUI token has made an impressive price advance. $SUI is now ranked number 13 of all L-1 blockchains in terms of Total Value Locked (TVL), thus generating a lot of hype for the Generation Token, leading to its recent price increase.
This is not the first time $SUI has made a positive impression on the market. On May 2, 2023, SUI reached an all-time high, with a 228% increase in the macro crypto market.
At the time of writing, the price of $SUI has fallen slightly to $1.30 in the last 24 hours, despite a remarkable 55% increase in the past week.
These statistics show that while $SUI is a good investment, it is important to know that the token has a relatively low market value, which makes it very volatile and caused a 70% loss at the beginning of the retail exchange, the most popular Tokinomics. After this recent rally, $SUI may not be able to sustain further price rally due to selling pressure from large stakeholders. Therefore, investors can divert their profits from $SUI to alternatives such as $GFOX with greater potential and better tokenomics.
Galaxy Fox (GFOX) is set to reach $5 million in pre-sales.
GFOX is a memecoin to watch in 2024. The coin exceeded the expectations of investors in the presale, with more than 95% of the level 6 supply already sold. The project is on track to raise more than $5 million in pre-sale records by the end of January 2024, nearly 50% of its initial target. With rising prices and low risks, analysts have speculated that $GFOX is the next big coin.
At the heart of the Galaxy Fox ecosystem is an engaging play-to-find game. This exciting game is designed to entertain and reward players at the same time, hence its global popularity. On its exchange platform listing, the coin is expected to be among the top 3 memescoins. This is also expected to increase the value of $GFOX by 50x in the pre-sale.
Final thoughts
2024 has started on a good note for crypto investors, with the SEC's decision on the official sale and purchase of Bitcoin ETFs. Now, investors are more optimistic about market trends and prices.
Memecoins like PEPE Coin 2.0 may cast a shadow of doubt on the performance of memecoins in 2024; Coins like $SUI and $GFOX are proof that good things are in store for early investors. $SUI has seen a price pump of over 40% in the past month, and $GFOX is set to make 50x its current presale price. With the $GFOX community and current market value, this is a coin that every investor should consider.
To learn more about $GFOX, you can visit the Galaxy Fox Presale website or join the community.
