PEPE falters, Galaxy Fox draws investors after raising over $200k
Release: 2023/11/24 19:14 Reading: 212
The Department of Justice (DOJ) has finally settled with Binance. Although CZ is gone, Binance remains, insinuating that the crypto industry has legitimacy in the United States.
The last bearish cloud hanging over markets has gone, and with a spot Bitcoin ETF expected early next year, followed by the halving, investors are upbeat.
The digital assets market is up, with new players entering the scene. Although PepeCoin (PEPE) is struggling, Galaxy Fox (GFOX) can be an alternative for investors.
Galaxy Fox presale
Galaxy Fox has raised over $200,000 in its presale, pointing to growing interest among crypto investors.
Supporters are bullish on the play-to-earn (P2E) and expect growth in 2024 due to its position in the GameFi narrative.
The game features an NFT marketplace where holders receive in-game benefits, real-world merchandise, staking rewards, and possibly benefit from deflationary tokenomics.
You might also like: Tron price declines, investors evaluating Galaxy Fox
The Stargate module distributes stakers with 2% of all taxes, with rewards increasing as the ecosystem expands.
GFOX’s circulating supply could decrease over time, which may benefit stakers.
The project’s economics, combined with its meme coin virality, could explain rising interest from investors.
PEPE losing momentum
PEPE’s recent loss of momentum can be attributed to the reallocation of capital to newer meme coins like Bonk (BONK) and up-and-coming presales like Galaxy Fox.
Meme coin investors tend to constantly seek out small caps that generate high returns, which is unlikely for PEPE, with its current market cap of almost half a billion dollars.
Despite this, PEPE still has a smaller market cap than Dogecoin (DOGE) and Shiba Inu (SHIB).
While PEPE’s future remains uncertain, it can still recover.
Closing thoughts
Traders and experts usually consider projects with growth potential, most of which are low-cap altcoins.
Investing in micro-cap companies before the bull market takes off could potentially be a wise decision for investors.
The ongoing Galaxy Fox presale is attracting capital, suggesting a move towards higher-risk investments.
Learn more about GFOX here:
Visit Galaxy Fox Presale | Join the Community
Read more: Polkadot holders shifting attention to GameFi Coins, including Galaxy Fox
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