Robinhood crypto trading volume rise, investors exploring meme coins
Release: 2023/12/08 19:31 Reading: 624
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
In November, there was a surge in trading activity on Robinhood, a trading platform. This information was revealed in a Form 8-K filing to the United States Securities and Exchange Commission (SEC) on Dec. 4.
This growth significantly improved from the Q3 2023 results, where the platform disclosed a 55% decrease in crypto notional volumes over the year.
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Of particular interest to the crypto community is the heightened popularity of meme coins.
This article addresses these inquiries, aiding in the decision-making process for selecting potential assets as the year concludes.
Galaxy Fox (GFOX)
Galaxy Fox, a play-to-earn (P2E) meme coin, has captured the attention of investors with its multifaceted ecosystem.
In the second stage of its presale, the project has raised over $450,000 via GFOX.
The Galaxy Fox ecosystem comprises features that redefine the perception and interaction with meme coins. These features include a play-to-earn (P2E) game, NFTs, merchandise, and staking rewards.
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Galaxy Fox’s P2E game encourages competition among players. It rewards the top 20% of players with in-game assets, which can be exchanged for GFOX.
Players can purchase attribute boosters or Galaxy Fox NFTs to gain an advantage. These NFTs offer distinct benefits and enhance gameplay experiences.
Galaxy Fox aims to be a household name by offering physical merchandise like apparel and collectibles that can be integrated into daily life.
Additionally, the platform supports GFOX staking, an avenue for users to generate additional earnings.
DOGE, SHIB, and PEPE
Beyond GFOX, investors can also consider other meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and PepeCoin (PEPE).
Dogecoin, often considered the leader among meme coins, was launched as a lighthearted joke mocking mainstream cryptos. It has since risen, gained a large following, and is one of the most liquid crypto assets.
PEPE lacks practical utility but has found its way into the portfolios of numerous investors. Launched in April 2023, the meme coin is now one of the largest crypto assets.
Launched as a community-driven coin, Shiba Inu has expanded to include an artist incubator platform, a decentralized exchange (Shiba Swap), and a token, SHIB. Its ecosystem also encompasses a collection of 10,000 NFTs known as Shiboshis.
Final word
The crypto market may rally in 2024. As such, it can be prudent for investors to consider some meme coins for growth.
However, it’s important to approach this with a measured perspective. Investors can make informed decisions based on thorough research and market analysis.
Learn more about GFOX here:
Visit Galaxy Fox Presale | Join the Community
Read more: Holders of Dogecoin’s rival, Galaxy Fox, are bullish
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
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