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Cardano (ADA) whales are accumulating as sentiment improves. Meanwhile, Galaxy Fox (GFOX) supporters are bullish, expecting the ongoing presale to raise over $5 million.
Galaxy Fox presale status
Galaxy Fox is a meme coin project that investors expect its native token to rally.
The project’s success is due to its GameFi and meme coin initiatives that have attracted investors.
Galaxy Fox also offers engaging activities and financial opportunities for its users.
GFOX leverages utility to attract investors
Galaxy Fox offers a web3 runner game.
Players can earn profits by playing the game with their tokens. Top gamers receive in-game currency rewards at the end of each week and month.
Players can exchange in-game currency for GFOX to purchase items in the Web3 Runner game.
They also have access to various game features. They can use their GFOX to enhance their performance and gain an advantage over others.
GFOX holders continue to grow because they can use their assets for trading on popular NFT marketplaces like OpenSea.
The project also has its marketplace, with 3,000 NFTs currently in presale.
Presale to raise $5 million?
Galaxy Fox is taking on competitors like Dogecoin, Shiba Inu, ApeMax, and Gala.
It has raised over $2.5 million in a few weeks of its presale.
Despite the bearish sentiment following the Bitcoin crash, Galaxy Fox has maintained its momentum and captured the attention of investors.
This contrasts with other meme coins like SHIB, which are under pressure.
Due to staking rewards, the project can raise over $5 million by the end of stage 6 of the presale.
The project also generates revenue from a 2% transaction tax to fund the Treasury and staking pools.
Galaxy Fox’s tokenomics are designed to make it easy for members to understand and support the project’s vision.
Additionally, token burns make GFOX deflationary. This mechanism may support prices in the long term.
Cardano rising as whales accumulate
Cardano whales bought 14 million ADA worth $8.4 million within two weeks.
This suggests that large wallet holders expect ADA prices to perform well in 2023.
The bullish sentiment is improving due to a decrease in non-zero ADA accounts and the upcoming community-run governance system in 2024, which could boost prices.
Conclusion
Galaxy Fox prices might rise as it enters stage seven of its presale. Its GameFi features and incentives could explain the rising investor interest. Cardano is also attracting attention due to whale purchases. However, GFOX is the better investment due to its early presale status.
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