Following the announcement that the Avalanche Foundation will begin purchasing meme coins as part of its Culture Catalyst project, the value of several meme currencies based on the Avalanche blockchain has increased by more than 100%.

The Foundation noted that meme coins “go beyond mere utility assets; they represent the collective spirit and shared interests of diverse crypto communities.”

This move greatly impacted $SHIBX, $HUSKY, $COQ, and $GFOX, which are currently seen as some of the best meme coins to buy. What does the future hold for each?

Galaxy Fox ($GFOX)

Galaxy Fox, widely anticipated as one of the best ICOs of 2024, has hit a major milestone with its staggering $2.3 million presale. Although not an Avalanche meme coin but an Ethereum-based project, this new exciting crypto is believed to benefit from the rising meme market as a whole.

The unique selling point of Galaxy Fox is the way it combines the characteristics of meme coins with the practical qualities that attract investors. An assortment of the most amazing NFT assets, a play-to-earn game, a staking platform with attractive returns, tangible items, and more are all part of its arsenal. The end result is a system that provides several development opportunities while entertaining its members.

The most exciting characteristic of this ERC20 coin is its presale structure. Specifically, the presale is divided into ten stages, each starting with an increased price and bringing ROI to the early-phase investors.

So far, six price increases have occurred, and the earliest backers are already enjoying a 165% price boost. With the current 6th stage selling out fast, the next price increase is anticipated to happen in a few days.

The final launch date of $GFOX is unknown, but looking at the rapid adoption and increasing demand, we might witness $GFOX going live on exchanges very soon.

Shibavax ($SHIBX)

Shibavax is a meme token on the Avalanche network, drawing inspiration from the Shiba Inu theme. It was created to demonstrate the Avalanche network’s potential and introduce a new DeFi product to investors.

A key feature of Shibavax is that 10% of every transaction is automatically distributed to token holders. This allows holders to earn rewards directly in their wallets, eliminating the need to deposit tokens on DeFi platforms. Furthermore, 2% of this 10% fee is destroyed or “burned,” introducing a deflationary element to the token.

Recently, Shibavax has seen a surge in popularity, with close to 5,000 holders and daily transaction volumes reaching several million dollars.

Husky Token ($HUSKY)

Husky Token is a decentralized community-driven project, notable for its unique distribution approach: half of its tokens were sent to Ethereum co-founder Vitalik Buterin, while the other half were locked in a Uniswap liquidity pool.

Drawing inspiration from projects like Shiba Inu, Husky Token differentiates itself with distinct token metrics. The token experienced a significant surge in value, tripling its price within 24 hours and reaching a new local peak following an announcement related to the Avalanche platform.

Coq Inu ($COQ)

Coq Inu is a meme coin functioning on the Avalanche C-Chain, characterized by its unique tokenomics. It was established by respected community members who chose not to take any initial coin distribution for themselves. Instead, the entire coin supply was launched with 150 Avalanche as the initial liquidity.

A significant aspect of Coq Inu is that its contract has been fully renounced and its liquidity permanently burned, a strategy often employed to prevent manipulation and promote fairness in the market.

Currently, $COQ is valued at $0.00000153. The coin has recently witnessed an impressive 260% growth over the past month and is seen as one of the best meme coins to buy now.

Summary

The Avalanche Foundation’s entry into meme coins signals a favorable prognosis for the industry. Not all meme coins are destined to thrive, though; only those that bring actual worth, innovation, and benefits to the community.

In this narrative, $GFOX is one of the best meme coins to buy, and its fast-selling presale is a testament to that. Become a part of the Galaxy Fox community, and don’t miss the opportunity to get a guaranteed ROI from the four upcoming price increases.