Shiba

Galaxy

Shiba Inu

Galaxy Fox

<div class="coinjournal">
 <p>Shiba Inu embarked on a token-burning spree at the beginning of the year. The aim was simple: reduce the supply of $SHIB and increase its value. However, this didn’t cause as significant a price increase as expected, leaving some wondering if the entry of newer coins like Galaxy Fox is stealing its thunder.</p>
 <p>Galaxy Fox is making its mark with some analysts describing it as the best upcoming ICO because of its utility and potential for high returns. Is $GFOX taking the spotlight from $SHIB? Let’s break it down.</p>
 <h2 id="shib-token-burn-fails-to-inspire-major-price-increase">SHIB token burn fails to inspire major price increase</h2>
 <p>2024 started with the crypto community buzzing with enthusiasm about Shiba Inu’s initiative to burn its tokens. The $SHIB team, in tandem with the community, engaged in burning sessions using fees from the Ethereum Layer 2 network Shibarium. However, recent data suggests that the fervour has dwindled.</p>
 <p>Recently, a mere two burn transactions were recorded by the Shibburn tracking website. A meagre 2 million $SHIB coins were burned, equating to approximately $19. This figure is consistent with the previous day’s burn, signalling a mere 1.93% variation. The weekly chart reveals a 38% decline in the burn rate, with only 64.85 million tokens, valued at around $611, being incinerated.</p>
 <p>The reluctance to burn <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s could be attributed to the anticipated bullish market. As the crypto market gears up for an explosive run, holders may be withholding their $SHIB coins, anticipating a substantial appreciation in value during this period. The value of $SHIB failed to increase significantly after the <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> burns, but it’s now on a bullish path, having recently “burned a zero” from its value.</p>
 <h2 id="galaxy-fox-emerging-as-a-strong-contender">Galaxy Fox emerging as a strong contender</h2>
 <p>Galaxy Fox is gaining recognition, with some believing it could displace top meme coins with its real utility and a focus on building long-term value.</p>
 <p>While Shiba Inu gained popularity through social media buzz, $GFOX is playing a diverse game. Built on a robust blockchain infrastructure prioritizing security, speed, and low fees, $GFOX is positioning itself as a tech-savvy alternative for investors seeking substance over spectacle.</p>
 <h3 id="unique-features-driving-gfox-s-appeal">Unique features driving $GFOX’s appeal</h3>
 <p>Galaxy Fox offers tangible <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> that attract modern investors. With secure transaction mechanisms and a commitment to sustainability, $GFOX is more than just a meme coin – it’s a crypto with a purpose. The play-to-earn (P2E) game integrated into the ecosystem provides users with both entertainment and additional avenues to earn $GFOX <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s. Throw the coolest NFT assets into the mix, and you’ve got a crypto project that’s thinking outside the proverbial box.</p>
 <p>As of now, Galaxy Fox is in Stage 8 of its presale, with $GFOX priced at $0.002178. The project has successfully raised over $3.7 million, with more than 2.8 billion tokens already in the hands of early investors. The momentum is building, and the upcoming stage brings with it a token price of $0.002376.</p>
 <p>Even without comparing its current <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> to other <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s in the market, $GFOX stands out as a promising investment. This is particularly true for those who are just entering the crypto space, and looking for the best affordable crypto to add to their portfolios.</p>
 <p><img decoding="async" src="https://cdn.thebittimes.com/images/2024/03/03/e12c99132f3fcf5e41ba3e696628685d.webp" class="fr-fic fr-dib" width="615" height="104"></p>
 <h2 id="conclusion">Conclusion</h2>
 <p>While Shiba Inu experiences a slowdown in token burns, Galaxy Fox is seizing the opportunity to redefine the crypto narrative.</p>
 <p>As the crypto community navigates the ever-evolving market, it’s essential to keep an eye on projects that go beyond the hype. Galaxy Fox is not just stealing $SHIB’s thunder; it’s carving out its own path to success. If you’re seeking the crypto that could deliver substantial returns in 2024, Galaxy Fox is a name worth exploring.</p>
 <p>Ready to dive into the Galaxy Fox universe? Visit the Galaxy Fox website or join the community on Telegram.&nbsp;</p>
 <p>Learn more about $GFOX here:</p>
 <p>Visit Galaxy Fox Presale | Join the Community</p>
 <p>&nbsp;</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shib-token-burn-fails-to-inspire-major-price-move-is-gfox-stealing-shib-s-thunder-tbt81477.html">https://thebittimes.com/shib-token-burn-fails-to-inspire-major-price-move-is-gfox-stealing-shib-s-thunder-tbt81477.html</a></p>

SHIB token burn fails to inspire major price move; is GFOX stealing SHIB’s thunder?

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