Everyone knows the big story of this bull market has been the emergence of ETFs and TradFi in the crypto sector, taking it to the next level. But if you look closely, there’s something else afoot that shouldn’t be ignored. Take a look at categories on CoinGecko, see which coins are outperforming, and the picture will immediately become clear – Memes and Gaming-related coins have outperformed Bitcoin ($BTC) by nearly 3X. So, what to buy now? Check out the top 5 cryptos to invest in this cycle: Galaxy Fox ($GFOX), Enjin ($ENJ), Immutable ($IMX), Dogecoin ($DOGE), and Trump ($MAGA).
Galaxy Fox ($GFOX) Rallying Toward $4 Million
Galaxy Fox has put in a staggering performance in recent weeks, and this presale closes in on $4 million. The project could not have picked better launch conditions and finds itself located in both the GameFi and memecoin narratives. It boasts all the classic high-octane upside of a memecoin and incorporates a P2E component.
The Web3 runner game is an open global competition to end the leaderboard in the top 20%. Anybody who achieves this wins part of the prize pool, but the earning does not stop there. Staking rewards unlock passive income for all $GFOX holders, and the token burn works 24/7 to accrue value indirectly.
$GFOX’s tokenomics give it that 100X secret sauce. Native yield on a deflationary asset is a massive value add but wait until post-launch. More players for its endless runner means more ecosystem activity. This equates to higher payouts. Growing payouts will increase demand for ownership, but the total supply will be aggressively declining. Expect a massive price spike after its retail launch, and $GFOX is easily among the top cryptos to buy right now.
Enjin is another of the top 5 cryptos to invest in this cycle. $ENJ climbing more than 80% in the last month is a clear signal GameFi hype is building, and Enjin is perfectly positioned to enjoy a massive upside. The project has two core value propositions. First is the coin itself, $ENJ, which, as an ERC-20, provides a multi-game liquidity tool for creating NFTs.
Second is Enjin’s Efinity product, a Polkadot ($DOT) parachain specialized for NFTs. In essence, a cross-chain protocol for NFTs enables greater scalability and interoperability: key features in introducing cross-game assets.
Immutable ($IMX): Web3 Gaming on Ethereum
Immutable is a leading infrastructure GameFi play and top crypto to buy for anybody long-term bullish on GameFi. This layer two scaling solution allows the minting of NFTs at an industrial scale with minimal cost. Its throughput runs close to 9,000 transactions per second, and Immutable X enables NFTs to be swapped across different marketplaces- a golden GameFi pick-and-shovel play.
Dogecoin ($DOGE) Old Dogs Can Learn New Tricks
Dogecoin has been moving faster than anybody expected. Up over 70% in the last week. Is this a sign retail investors are returning to markets? The growing adoption of Dogechain is ramping up scalability, and now the Dogecoin network has gained Ordinals. Put these technical upgrades against the backdrop of rampant desire to speculate on memecoins, and $DOGE emerges as another winning pick.
Trump ($MAGA): Entering the Election Cycle
Trump is arguably the most straightforward token on this list. It is an election year, and Trump has an incredible ability to monopolize attention. As he begins to dominate the news cycle, buying a memecoin associated with him is a no-brainer. If Trump wins, expect $MAGA to fly; if Trump loses, expect $MAGA to fly. It is all about mindshare in the attention economy, and there is no such thing as bad press.
Closing Thoughts: GameFi and Memes Ready to Dominate 2024/ 2025 Cycle
GameFi and memecoins are already pulling ahead of Bitcoin, and this process is set to go into overdrive when the Ethereum ($ETH) ETF approval causes a liquidity spill out on-chain. Secure your bags of the top 5 cryptos to invest in this year ASAP.
Galaxy Fox’s unique presale stage makes it the most aggressive grower regarding ROI potential. Located in both narratives and with a tiny market cap there is no telling how far this gem can soar in the coming twelve months.
Learn more about $GFOX here:
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