Last week, markets saw consolidation following the previous week’s post-pump adjustments. With the Federal Reserve’s interest rate cuts three times this year, a market recovery is anticipated shortly.
Toncoin and Stacks stand out as the week’s leading gainers, each registering an impressive increase amidst widespread market downturns. Another crypto becoming increasingly viral daily is Galaxy Fox ($GFOX), a meme con getting ready for the retail launch that grew over 300% during the presale.
The temporary market turbulence is a natural process during the intensive bull run we are currently in, and experts suggest locking in some of the best ICO presales to greet the upcoming halving boom well-prepared.
Galaxy Fox is Getting Ready for Launch!
Well-renowned as one of the best ICO presales, Galaxy Fox is the latest innovative ERC20 coin to enter the market. Beyond its meme coin appeal, it introduces a play-to-earn model through an engaging web3 runner game, rewarding players with $GFOX tokens.
The project boasts 3,000 unique NFT assets, enhancing gameplay and facilitating an active trade environment in the Galaxy Fox marketplace. With a finite token supply that diminishes post-launch due to token burns, Galaxy Fox adopts a deflationary model to increase token value potentially. Additionally, the project offers staking rewards, encouraging long-term investment and community engagement.
With over $5.3 million raised in its presale and attracting considerable investor interest, Galaxy Fox is emerging as a notable project in the meme coin domain, celebrated for its innovative features and potential as a digital asset.
The project is counting the final days of its presale. It is currently in the 10th stage, with over 90% of the allocated tokens already sold. There is intensive buying pressure, considering the current price will appreciate on launch.
Those who eagerly wait for the quick ROI opportunities from the current bull run are already well-locked in this new ICO crypto, as during the whole presale, its price skyrocketed by more than 300%, and the rally is anticipated to go far beyond once it goes live.
Toncoin ($TON) Highlights
Toncoin has made some notable gains during the past week. As of press time, the price stood at $5, representing a 28.8% pump in the last seven days. Toncoin currently holds a market cap of 17 billion and ranks 11th in market cap.
$TON price surge can be attributed to Telegram’s gaining steam and founder and CEO Pavel Durov’s statement that the company is considering an initial public offering (IPO) using TON. That news, revealed last week, apparently triggered a surge in the Toncoin price due to telegram’s connection to $TON.
Stacks ($STX) Performance
Stacks is this week’s other top gainer, as it also made terrific gains over the seven days. $STX price stood at $3.61 as of press time, representing a 30.09% pump in the last seven days. Stacks currently holds a market cap of 5.1 billion and ranks 25th in market cap.
Stack’s popularity this week can be attributed to its native $BTC yield, which promises Approximately $200M in $BTC yield to users this year. This event might have stirred some optimism toward the coin.
Final Remarks
As one of the best ICO presales, Galaxy Fox is well-prepared to go retail and thrive on the live crypto market. It is packed with massive utility and passive income opportunities and is an excellent option to make the most out of the current bull run.
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