Solana breaks $200 as market fluctuates, Galaxy Fox pre-sale heats up
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Amidst market fluctuations, Solana surpasses $200 while Galaxy Fox pre-sale captivates investors with a $4.8 million cap.
he crypto market is currently in a bull run, highlighted by significant achievements such as Solana’s breakthrough past the $200 mark and the substantial interest in Galaxy Fox’s ICO.
As Bitcoin continues to reach new heights, the market is on edge, anticipating the effects of the upcoming halving event.
Despite a general market anticipation of corrections, Solana (SOL) and Galaxy Fox (GFOX) are showcasing remarkable resilience and growth.
Is it a good time to buy $GFOX?
Galaxy Fox is drawing attention with its unique blend of gaming, DeFi, staking, and NFTs, positioned within a web3 gaming platform.
This new ERC20 coin drives a Web3 running game in which players may win real prizes by competing with one another.
The top 20% of players will win a portion of the prize pool each gaming season, which occurs weekly and monthly. This funds pool is raised with in-game purchases and also supports the treasury and supports long-term project growth.
Staking forms a critical part of the Galaxy Fox ecosystem, with 2% of all transaction fees funneling into the Galaxy Fox Stargate rewards pool.
This mechanism encourages holding $GFOX tokens by rewarding committed investors, providing Galaxy Fox with a significant advantage in the competitive crypto market.
A thoughtful tax system further ensures the token’s sustainability. In addition to the 2% fee directed towards the staking pool, another 4% from each transaction supports the liquidity pool and the treasury.
This strategy ensures a continuous flow of funds for the project’s expansion and aims to deter quick sales by investors.
Galaxy Fox has been one of the most demanding ICO cryptos for the last few months. And it has its own reasons — the coin price increases at each new phase, resulting in a total of 450% ROI to the first-stage buyers.
With the ICO nearing its final stages and a market cap already at $4.8 million, Galaxy Fox is emerging as a noteworthy project in the ongoing bull run.
Additionally, the price of $GFOX will increase in stage 10 and at launch.
More about Solana’s phenomenal performance
Solana is on an impressive climb, with its Total Value Locked (TVL) nearing $4 billion and stablecoins on its network valued at $2.6 billion. This showcases the platform’s widespread acceptance and its established role in the digital currency sphere.
The rollout of $BILS, a stablecoin linked to the Israeli Shekel, on Solana’s blockchain, has caught the attention of investors. This initiative highlights Solana’s dedication to lead in financial innovation within a regulated environment.
Looking ahead, Solana’s recent performance suggests a positive trend, reaching a 25-month peak and stirring expectations of continued upward movement. With past resistance levels now acting as solid support, the $SOL has worked its way past the $200 mark.
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