Last week, Starknet witnessed an exodus of users after they felt dissatisfied with the Starknet Provisions Program airdrop. Meanwhile, investors are flocking to the $GFOX presale which is now past the $3.5 million mark and quickly heading toward $ 4 million. With its fast-growing presale, $GFOX is earning a reputation as one of the best altcoins to invest in, and a top choice among ICO tokens.
$GFOX Presale Now Headed Towards $4 Million
$GFOX is the native token of the Galaxy Fox ecosystem, a new project that is now in the ICO stage. The coin has managed to raise an impressive $3.5 million in 8 stages of the presale and it is now headed towards the $ 4 million mark.
Additionally, as more investors join the presale, buying large sums of the presale token, fewer and fewer coins remain for those who haven’t joined the presale yet. If the presale continues on its current trajectory, it is likely to sell out earlier than expected, cementing its position as one of the best altcoins to invest in.
The fast-approaching launch of $GFOX as well as retail listing is expected to spark a rally that will see the coin surge by over 100X. It is common for cryptocurrency tokens to rise after getting listed on major exchanges, and $GFOX will be no different.
However, this coin is not designed to be driven only by news and community engagement. The reason $GFOX stands out as one of the best altcoins to invest in is its utility-focused nature. The token draws inspiration from the success of some of the best meme coins to buy including $DOGE, $SHIB, and $PEPE. However, it goes a step further by including utility-laden features in its ecosystem, creating a top-tier meme coin.
For example, the Galaxy Fox ecosystem offers a staking platform that pays out rewards, a play-to-earn game that rewards players with $GFOX tokens and NFTs. Investors can also find a token burn feature, physical merchandise and a treasury within the ecosystem. All these features bring immense utility to investors making $GFOX the best altcoin to buy in the meme coin sector.
At the time of writing, $GFOX is trading at $0.002178. It is now in stage two of presale and has raised over $3,537,822. In the next presale stage, $GFOX will be trading at $0.002376 and this figure will only keep growing in the coming weeks, months, and years.
Community Abandons Starknet Following Unsatisfactory Airdrop
Starknet is a new Layer-2 platform, built on the Ethereum blockchain. It is a permissionless, and decentralized validity roll-up that allows decentralized applications to achieve unlimited scale for their computations without slowing down the Ethereum blockchain.
Starknet announced that it would be launching an airdrop, sparking major interest from users. This led to an uptick in the number of active users, whose numbers swelled to over 220,500 by mid-February. However, as the details of the airdrop were released, some users became disillusioned and left the platform, leaving only about 84,000 active users.
According to users, it was unfair for Starknet to exclude users who have less than 0.005 ETH in their wallets, despite their active participation. What’s more, the token unlock schedule has caused a major uproar as users contest the platform’s decision to release a substantial sum of tokens to early investors and contributors. Users are worried that this may cause an unfair distribution of tokens.
As a result of the negativity surrounding Starknet and the decision by most of the airdrop recipients to sell their tokens immediately, Starknet has lost over 21% of its value in the past week, at the time of writing, the platform’s native coin is trading at $1.85, a 2% drop in the past 24 hours.
Final Word
As Starknet loses its value due to the exodus of users, $GFOX has remained one of the best altcoins to buy. This new ICO crypto has attracted the attention of investors and enthusiasts alike and is predicted to blow up after launch. With over 100X gains expected from this coin in the coming months, now is the best time to join the $GFOX presale.
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