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People who were once excited at $IMX, $STX, and $TIA and invested massively in it are now shifting focus elsewhere, as the prices of these top altcoins have taken a nose dive in recent weeks. They are now relying on a hybrid meme coin called $GFOX, which boasts as the hottest ICO to deliver incredible returns this year.
$IMX’s Volatile Performance Raises Concerns About Future Prospects
$IMX, the native token for Immutable, continues to prove it is one of the hottest NFT coins, rising from $1.7 to $3.6 between January 23 and February 20 — a 111% increase. However, the token’s price declined afterward to trade at $2.65 on March 5, raising some doubts about its ability to sustain the rally.
Following the decline, $IMX attempted a recovery with a 22.6% gain, trading at $3.25, its current price. Still, the recent decline in the token’s value caught many in the market off-guard, as $IMX has been one of the best-performing GameFi coins of 2024. invest cautiously, as $IMX is seeing a period of volatility, especially in the period following $BTC’s dump from ATH.
Stacks Partners with Multiple Platforms, But Token Fails to Rally
On March 5, Stacks, one of the leading Bitcoin Layer-2 with smart contract infrastructure, partnered with several new crypto platforms, including Blockdaemon, DeSpread, Luxor, NEAR Foundation, Chorus One, Kiln, Restake, and Alum Labs. These platforms will now join other existing platforms like Copper, Loganodes, Figment, Xverse, and Ryder, in partnering with Stacks.
Surprisingly, $STX’s price declined by 6.58% following the partnership news, from $3.04 to $2.84 within 24 hours. This decline also led to some reevaluation among investors concerning the coin. Although experts advised investors to be cautious in buying the token, the positive adoption news of Stacks partnership with those platforms will eventually cause its price to recover in coming days.
$TIA Struggles to Recover After 20% Dip, Price Stagnates at $16
Along with the overall market recovery, $TIA, the standard token for Celestia, embarked on an uptrend, which saw its price increase in value, breaking past $20 on February 10. However, $TIA began to fall afterward, from $20 to $16 between February 10 and March 6, marking a 20% dip.
$TIA has made several efforts to recover from this dip, but all have proved unsuccessful. As a result, $TIA continued to trade at $16, raising speculations that its price will remain below $20 for weeks to come. However, the modular blockchain narrative of this project is strong and its long-term prospects still remain solid.
Investors Excited as Galaxy Fox ICO Soars to $4 Million.
Many Initial Coin Offerings (ICOs) have been popping out recently. Still, Galaxy Fox’s ICO stands out among them for being the most sought-after I.C.O. due to its remarkable growth. The cryptocurrency is nearing the end of its presale, where it has already raised a groundbreaking $4 million.
Galaxy Fox’s standard token is an ERC20 coin called $GFOX. It possesses a unique deflationary feature known as token burn, which ensures that tokens are periodically destroyed as they are used. This deflationary feature makes $GFOX rare, so they can gain value as demands increase.
Galaxy Fox also excites investors in the play-to-earn world by featuring an endless runner game. This game allows users to earn rewards that can be exchanged for $GFOX tokens if they meet the platform’s best performance criteria as they play.
Holders of $GFOX tokens are also rewarded on the platform for their loyalty with funds reserved in the Galaxy Fox Stargate. However, they must participate in the platform’s staking activity to obtain those rewards. The Stargate gets replenished every time by the platform, which automatically adds 2% of the value of every buy and sell recorded within the platform.
Galaxy Fox is about to conclude its presale, with just two stages left before launch. Despite that, anyone joining the presale can still make exciting gains. The price to enter the Galaxy Fox presale is still affordable at $0.002178 but will increase soon when the presales enter stage 9 in a few days.
Conclusion
Investing in hot ICOs like Galaxy Fox is an intriguing opportunity for investors desiring to make the most of their investments. While $IMX, $STX, and $TIA had their moment in the spotlight as some of the top performers in the market, their recent downtrend and uncertainty have turned many investors to Galaxy Fox, which is believed to be the most reliable option for consistently delivering the expected gains
Grab your spot today before the ICO closes by joining Galaxy Fox’s presale. Visit the website to get started and join the community on telegram for more updates.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
*This article was paid for. Cryptonomist did not write the article or test the platform.
