Day: November 27, 2023

Tornado Cash nosedives 55% after Binance announces TORN delisting

Tornado Cash (TORN) price fell sharply on Monday afternoon, nosediving 55% from near $4.00 to lows of $1.64.
The decline followed Binance’s announcement that it would list TORN, WTC, PERL and BTS.
Binance agreed a $4.3 billion settlement with US authorities last week, with ex-CEO Changpeng Zhao stepping down.

Tornado Cash (TORN) shed 55% of its price on Monday as the market reacted to Binance news around the latest token delistings. At the time of writing, the price of TORN was $1.70, down from near $4.00 earlier in the day.

According to data from CoinGecko, the Tornado Cash token traded to lows of $1.64 across major crypto exchanges.

Binance to delist TORN

On Monday, Binance announced the exchange would be delisting Tornado Cash (TORN) BitShares (BTS), PERL.eco (PERL) and Waltonchain (WTC). The crypto platform has planned to delist trading pairs for BTS/USDT, PERL/USDT, TORN/BUSD, WTC/BTC, WTC/USDT.

The swift reaction of the market saw prices of the above tokens plummet sharply. Binance’s announcement stated:

At Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all our users.”

It noted that based on their latest review, they had “decided to delist and cease trading on all trading pairs” for listed tokens. The delisting will occur on December 7, 2023 at 3:00 (UTC). The exchange 

As well as Tornado, the prices of Waltonchain, PERL.eco and BitShares dropped 56% to $0.075; 54% to $0.0077; and 47% to $0.0057 respectively.

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the crypto mixing service. 

Meanwhile, Binance agreed to a $4.3 billion settlement with the US authorities for various sanctions violations. Former Binance CEO Changpeng Zhao also stepped down.

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Blast TVL reaches $570M as Japanese crypto VC reveals $5M investment

Blast TVL reaches $570 million, days after the Paradigm and Standard Crypto backed L2 launched.
A Japanese crypto VC is reportedly eyeing a $5M investment in the platform.
Blast’s deposit-only smart contract has attracted huge criticism.

Blast, the recently launched Layer 2 crypto project has surpassed $570 million in total value locked (TVL), according to data on Dune Analytics.

With the project’s one-way deposit contract attracting criticism including from Paradigm researcher Dan Robinson, the number of depositors looks to have fallen from the peak seen last week.

However, the L2’s value locked in ETH and stablecoins has risen to over $570 million just days after its launch. 

The Blast team also shared the milestone on their X account, noting that over 63k community members were now earning yield (approximately 4% for ETH and 5% for stablecoins). They are also amassing Blast Points.

Blast has reached $570 Million in TVL within 1 week.

63,948 community members are now earning yield (~4% for ETH and 5% for stables) + Blast Points.

There’s been incredible inbound developer interest since launch. We’ll share more for devs soon as we march towards Mainnet! pic.twitter.com/F715z8mpDa

— Blast (@Blast_L2) November 27, 2023

Funds sent to Blast are restaked on Lido and Maker, with users only likely to access withdrawals after the three-month lockup period.

Japanese crypto VC to invest $5 million in Blast

Blast was backed by both Paradigm and Standard Crypto as it looked to launch the Ethereum L2 with native yield for Ether (ETH) and stablecoins. 

According to a report on Monday, Japanese crypto investment firm CGV (Cryptoram Venture) has earmarked a $5 million special investment in Blast. The Tokyo-based crypto VC is reportedly also looking to collaborate with the Blast team to advance the L2 ecosystem’s growth.

CGV also invests in and incubates JPYW, a licensed Japanese yen-pegged stablecoin.

Japanese crypto investment firm CGV announced a $5 million investment in the Blast L2 ecosystem, aiming to collaboratively advance the development of the Blast network. CGV (Cryptogram Venture) also invest in and incubate the licensed Japanese yen stablecoin JPYW.…

— Wu Blockchain (@WuBlockchain) November 27, 2023

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Inflows into crypto investment products hit 9-week high of $346M

Crypto investment products hit 9-week high of inflows.
Total inflows for week up to November 24 was $346 million, with $312 million in Bitcoin-related ETP products.
Ethereum saw $34 million of inflows amid a turnaround in sentiment.

Crypto investment products recorded $346 million in inflows for the week ending November 24, according to a weekly report by digital assets management firm CoinShares.

The report highlights last week’s inflows into crypto exchange-traded products as the “highest total observed in the past 9 weeks of inflows,” CoinShares head of research James Butterfill noted

According to the analysis, crypto products are on a run of inflows that’s now the biggest since the last bull market. Positive net inflows are likely to continue given the sentiment around the potential approval of a spot-based ETF in the US.

Bitcoin ETPs record $312 million in inflows

As total crypto ETPs inflows hit $346 million, the largest chunk of that went into Bitcoin (BTC) products, with a total of $312 million in weekly inflows. The figure pushed the inflows count for the flagship cryptocurrency $1.5 billion year-to-date. Meanwhile, short bitcoin products saw outflows of $0.9 million.

🟢 New record of inflows with US$346m this week, the highest total observed in the past 9 weeks of inflows.

#Bitcoin
🟢 $BTC: US$312m inflows (year-to-date inflows US$1.5bn)
🔴 Short Bitcoin: US$0.9m outflows

🔎 ETP volumes as a percentage of total spot Bitcoin volumes… pic.twitter.com/gMUPzTy0q4

— CoinShares (@CoinSharesCo) November 27, 2023

Elsewhere, altcoins continued to experience a resurgence in inflows. Ethereum (ETH) registered a total of $34 million in inflows for the week, while Solana (SOL), Polkadot (DOT) and Chainlink (LINK) saw $3.5 million, $0.8 million and $0.6 million respectively.

Ethereum is on a 4-week run totalling $103 million, CoinShares noted, a scenario that sees the world’s second largest cryptocurrency by market cap nearly flip the run of outflows see in 2023. The CoinShares team attributes this to a “decisive turn-around in sentiment”, probably informed by recent events including the filing of a spot Ethereum ETF by BlackRock.

Last week’s inflows have pushed total assets under management in crypto funds to $45.4 billion. It’s the the highest level since May last year. 

Total crypto ETP inflows surpassed the $1 billion mark year-to-date earlier this month.

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The Sandbox partners with Nuqtah to boost Web3 adoption in Saudi Arabia

The Sandbox, Nuqtah and Sandsoft have partnered to promote Web3 and metaverse adoption in Saudi Arabia and MENA region.
Nuqtah will list SAND land and avatars on its NFT marketplace.

Web3 adoption in Saudi Arabia is set for a significant boost after metaverse firm The Sandbox and its partner, mobile-first game developer Sandsoft, inked a partnership with MENA-based Web3 platform Nuqtah.

The recently announced partnership is aimed at supporting the Web3 gaming ecosystem in Saudi Arabia, the companies said. 

Specifically, the collaboration will focus on creating gaming and Web3 experiences that align with tastes and preferences of Saudi gamers.

We’re pursuing our journey of innovation and growth in the Saudi region following our recent partnership announcement with Sandsoft,” Sebastien Borget, the COO and co-founder of The Sandbox, said in a statement.

Together with pioneers such as Nuqtah, we’ll collaborate to attract more local creators from Saudi Arabia into our user-generated content platform and enable them to monetize their digital assets creations on Nuqtah’s platform,” Borget added.

Nuqtah to list land and avatars

The initiative will kick off with a contest for local creators early next year. Nuqtah will leverage The Sndbox’s 3D editor VoxEdit to launch a Design Contest, with winning creations set to feature on the Web3 infrastructure provider’s NFT marketplace.

Excited to partner with @Its_Nuqtah, a MENA #Web3 leader! 🤝 Boosting Saudi Arabia’s gaming ecosystem & create locally engaging experiences.

Nuqtah @VoxEdit contest – coming soon – with winners getting to feature on their NFT marketplace! 🇸🇦https://t.co/p9Jkhyoqnr

— The Sandbox (@TheSandboxGame) November 26, 2023

As part of the collaboration, the three platforms commit to working towards enabling Saudi Arabian creators tap into the The Sandbox metaverse for projects tailored for the local market. To support the ecosystem, Nuqtah is expected to list The Sandbox land and avatars on its NFT marketplace.

The Sandbox views this strategic partnership as the beginning of further collaboration as it looks to expand across Saudi Arabia and the Middle East and North Africa (MENA) region.

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Cardano (ADA) price near key support as analyst points to buy signal

Cardano (ADA) price is near $0.37, a key support area for the coin as altcoins decline. 
An analyst says the 4-hour chart shows a potential buy signal for ADA.
A rebound for Cardano could also be helped by a flip in on-chain metrics.

As cryptocurrencies pulled back on Monday, Cardano (ADA) saw its price drop below $0.38 again, pushing the altcoin to a support level seen as prices rose last week. But is ADA poised for a rebound?

A crypto analyst shared the forecast below on X.

Analyst points to ADA buy signal

While the overall declines across the market might see sellers attempt at extending their grip, a crypto analyst says a potential buy signal for ADA is formed on the 4-hour chart. What technical indicators support the analyst’s take?

Here’s the prediction.

Look how the 100-EMA on the 4-hour chart has acted as a rebound zone for $ADA while the $0.396 level acts as a stiff resistance,” Ali noted in a post on X.

According to the analyst, there is a buy signal for ADA within the 4-hour time frame, with the highlighted 100-EMA continuing to act as a crucial rebound area. Nonetheless, traders might want to be keen on Cardano price’s candlestick close on the 4-hour chart.

He explained:

The TD Sequential now presents a buy signal within this time frame around the 100-EMA, anticipating another rebound. However, you must pay attention to a 4-hour candlestick close above the $0.396 resistance or below the 100-EMA to confirm the direction of #ADA trend.”

#Cardano | Look how the 100-EMA on the 4-hour chart has acted as a rebound zone for $ADA while the $0.396 level acts as a stiff resistance.

The TD Sequential now presents a buy signal within this time frame around the 100-EMA, anticipating another rebound. However, you must pay… pic.twitter.com/bi4Lzg4rUr

— Ali (@ali_charts) November 27, 2023

It’s notable that despite Cardano price being marginally in the red on the day and this past seven days (roughly 1.4% and 2% respectively), the overall outlook is that ADA remains in an uptrend. Other than the technical perspective, a number of on-chain metrics support an upside continuation.

Cardano’s Net Realized Profit/Loss (NPL) and Market Value to Realized Value (MVRV) ratio have recently flashed green, with the outlook helped by bullish developments in the cryptocurrency’s decentralisation.

The blockchain network also recently launched an AI chatbot and EMURGO just announced a partnership with the Institute of Blockchain as part of the project’s Web3 education and expansion.

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BlackRock’s Bitcoin ETF is bringing new impulse for Ripple (XRP), Cardano (ADA) and Dogecoin (DOGE)

Ripple (XRP): Navigating a critical legal battle with the SEC, Ripple (XRP) faces price volatility, and its future hinges on the lawsuit’s resolution.

Cardano (ADA) and Dogecoin (DOGE): Cardano (ADA) benefits from increasing staking rewards and adoption, while Dogecoin (DOGE) remains a speculative asset influenced by social media trends and investor sentiment.

ScapesMania: Emerging as an innovative player in the crypto market, ScapesMania is gaining traction with unique revenue streams and strong presale performance.

The cryptocurrency market is currently on an upswing, with investor optimism driven by anticipation for the upcoming Federal Open Market Committee (FOMC) minutes. Speculations about a Bitcoin Spot ETF approval and other developments are fueling a bullish market run. 

This move by a major asset manager can impact cryptocurrencies like Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), and the emerging ScapesMania. Which of these coins stands to benefit the most from the current market sentiment? Which ones will be impacted the least by the upcoming shifts? Join us as we try to decode the situation.

ScapesMania: a new contender in the crypto arena

Multiple crypto experts have already picked ScapesMania as a very promising project for 2023 and beyond. It stands out from the competition by offering holders diverse revenue streams and sizable potential ROIs during presale. 

Companies and individual crypto traders looking for short- and medium-term potential gains can look into ScapesMania’s proposition. The last sale stage price is set at $0.01 per coin, which is higher than the token’s current value. Right now, ScapesMania tokens are available at a 70% discount.

The tokenomics and other features of ScapesMania hint that it could be a lucrative opportunity. The innovative gaming-related core idea, impressive presale figures, $100,000 giveaway, significant social media hype, and other positive aspects can potentially add considerable value to the token in the long run. 

ScapesMania holders are calling for others to join the presale and support this great project so everyone can reap the benefits.

Ripple (XRP): a critical juncture amid legal developments

Ripple finds itself at a pivotal moment, with its ongoing legal entanglement with the SEC nearing a potential resolution. Speculations are rife about a settlement that could be reached by November 30. This legal backdrop has cast a shadow over the XRP market performance, contributing to its price volatility.

Currently, the XRP price is oscillating between $0.509 and $0.655. The 10-day moving average stands at $0.615, suggesting short-term bullish sentiment, while the 100-day moving average at $0.543 indicates a more cautious long-term outlook. The support levels for Ripple (XRP) are currently pegged at $0.272 and $0.418, with resistance levels at $0.710 and $0.857. 

The future price trajectory of XRP is heavily contingent on the outcome of its legal battle with the SEC. A favorable settlement could potentially propel the price past its current resistance levels. 

However, the market remains cautious, as evidenced by the support and resistance levels. Should XRP overcome the $0.710 resistance, it could pave the way for a rally towards $0.857. Conversely, failure to resolve the legal issues favorably could see XRP testing its lower support levels, particularly the critical $0.418 mark.

Cardano (ADA): potential breakthroughs with staking rewards

ADA is in a strong phase, aiming to surpass the $0.40 mark. This momentum is fueled by growing staking rewards and increased transactions. ADA’s price is stable at the $0.35 support level, supported by a noteworthy adoption rate above 30%, a feat achieved eight times in the past three months.

The price of Cardano ranges between $0.253 and $0.318, with a 10-day moving average of $0.373 and a 100-day moving average of $0.282. The support levels are set at $0.150 and $0.214, while resistance levels are established at $0.343 and $0.408. 

If current staking dynamics persist, ADA may experience an early price rebound to $0.40 and potentially surpass this resistance. A drop below $0.30 could challenge the bullish outlook, but the $0.33 support level may act as a buffer against a significant bearish reversal.

Dogecoin (DOGE): a meme coin with significant growth potential

DOGE is gaining traction among crypto traders due to a technical signal associated with significant rallies. While its year-to-date increase is modest at 13.6%, a recent 33.2% gain in the last month has attracted analysts’ attention.

The current price range for DOGE is between $0.0583 and $0.0765. The 10-day moving average stands at $0.0776, while the 100-day moving average is $0.0655. Support levels are identified at $0.0303 and $0.0485, with resistance levels at $0.0849 and $0.1031. 

DOGE’s future price movement appears promising, with technical indicators like the Parabolic SAR and Fibonacci levels suggesting potential for significant gains. A medium-term target of $0.12 at the 0.618 Fibonacci level and a longer-term target of $0.23 at the 1.618 level are in sight. 

Still, market dynamics influenced by social media trends and investor sentiment can be unpredictable for meme coins like Dogecoin (DOGE). Given that rapid gains may result in equally swift corrections, a cautious approach is recommended.

Wrapping Up 

BlackRock’s Bitcoin ETF introduction is a pivotal moment for the cryptocurrency market, impacting Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), and ScapesMania. This move boosts investor confidence and enhances the legitimacy of these digital assets. 

Ripple could see a resurgence with favorable legal resolutions, Cardano is poised for a breakthrough with staking rewards and adoption rates, and Dogecoin might experience significant growth due to the market stimulus.

In this realm, ScapesMania has the potential to benefit the most. To learn more about ScapesMania, check out the project’s website, Twitter, and Telegram.

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Elon Musk Says Argentina’s Pro-Crypto President Will Make the Country Rich Again. Can Memecoins Like $GFOX Replace the Sinking Peso?

The window is closing faster than most investors realize. TradFi’s most prominent players have given crypto the green light with their Spot ETF applications, and now nation-states are adopting pro-crypto stances. Hold onto your hats because this cycle will dwarf all that have come before.

Elon Musk says Argentina’s pro-crypto president will make the country rich again, and Javier Milei’s victory shows that Argentina has an appetite for change. But what are the best cryptocurrencies to buy headed into 2024? Can memecoins like Galaxy Fox ($GFOX) replace the sinking peso? And what will Argentina look like in the coming decade?

Javier Milei, Musk’s Proclamation, and Another Bitcoin ($BTC) Friendly Nation

Javier Milei has been elected president of Argentina, and this radical libertarian has sweeping plans for change. Pictured in one of his campaign ads smashing Argentina’s Central Bank, can Milei bring the shakeup Argentina drastically needs?

Keen to slash state spending, stamp out inflation, replace the peso with the dollar, and shut down the Central Bank. Outsiders see pain ahead for Argentine citizens, but nothing worth having ever came easy, and a figure like Milei could be precisely what the country needs.

Musk tweeted his support in November with a simple message: ‘‘Prosperity is ahead for Argentina.’’ The founder of Tesla knows first-hand the pain of bureaucracy, and his simple statement implies that Argentina will fare much better by abolishing state controls and its complex bureaucratic systems.

Milei is another fiercely pro-Bitcoin politician. He joins the ranks of Bukele, the president of El Salvador, in pushing for decentralized hard internet currency. Greater adoption of Bitcoin ($BTC) means greater crypto adoption, and this new capital will eventually find its way into DeFi.

As investors watch political events in Argentina, the real question is, what are the best cryptocurrencies to buy now, given the changing global attitude toward crypto? Could deflationary memecoins like Galaxy Fox be the answer to the inflationary woes of the Argentinian peso? 

Galaxy Fox ($GFOX): Masterclass in Deflationary Tokenomics

Galaxy Fox keeps being mentioned by experts as one of the top 5 cryptos to buy now, and its deflationary nature makes it a perfect alternative to the sinking peso. This play-to-earn token launches an entire ecosystem around its Web3 runner game and rewards the top-ranked players each season.

The ecosystem contains two core value accrual mechanisms for $GFOX token holders. First is Stargate. Stargate is the protocol’s rewards hub, paying out rewards to all stakers. It accrues 2% of all buy and sell taxes and uses this funding instead of token emissions to reward $GFOX stakers.

This unique payout mechanism for stakers ensures no inflation of the $GFOX token and means that staking rewards have no upper-limit cap. As the ecosystem grows and more users trade, $GFOX staking rewards will be up-only.

But how can $GFOX help replace the sinking peso? Instead of acting like Argentina’s Central Bank, which has attempted to print its way out of problems only to land in greater problems. Galaxy Fox will issue the majority of tokens at the TGE and decrease the supply through its protocol burn instead of inflating it.

Early participants can lock in up to 450% gains at launch via participating in the initial phase. And for investors wanting to earn yield on a deflationary asset $GFOX is could be the crypto to buy in 2023.

Closing Thoughts: $GFOX Deflationary Gem

Galaxy Fox has delivered a masterclass in deflation. Instead of large token unlocks and other hidden inflationary pressures affecting almost all major altcoins, it has introduced a model that decreases the token supply over time.

Delivering a P2E token with solid tokenomics and memecoin virality in bullish market conditions is scenario that could see it hit 100X. Participate in the presale today and learn why experts call $GFOX one of the best cryptocurrencies to buy heading into 2024.

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

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2,300% and Rising – Does $BONK Have More Bounce, or is the Bonking Party Over? (and what does its success say about the future of memecoins?)

Memecoins have been flying, and for investors who are new to crypto, it’s money time. These high-risk assets only surge during times of market certainty when animal spirits reign supreme. Bonk ($BONK) has already rallied 2,300% and is rising, but does $BONK have more bounce, or is the bonking party over?
What does $BONK’s outrageous success dictate for other memecoins? Is the scene changing? Which will be the top 5 cryptos to invest in from this sector? Has Bonk’s success paved the way for Galaxy Fox ($GFOX) to rally even higher?

Galaxy Fox ($GFOX) Missed $BONK? 

Galaxy Fox’s presale shows that investors who missed buying Bonk early are not missing the chance to be early adopters of $GFOX. Funding has flown past $200,000, and this play-to-earn token has become one of the top cryptos to buy right now.

Bonk’s success shows that speculative appetite is high. Additionally, it displays how fearsome the rallies will be for meme coins that have not yet experienced a bull market. Galaxy Fox does have two overwhelming advantages, even over $BONK.

Firstly, its Web3 runner places it in the GameFi narrative. Secondly, the $GFOX tokenomics are in a league of their own compared to other meme coins.

Most meme coins introduce some sort of burn and lock-in value for investors via deflation. Galaxy Fox takes this further, introducing its own token burn and crucially minting the majority of coins at the TGE. Early holders will suffer no dilution. Even staking rewards within the ecosystem are funded by taxes instead of emissions.

Early stakers in Galaxy Fox’s Stargate module will be the greatest winners earning in a deflationary asset. Yield on a deflationary has long been the dream of many DeFi protocols, and finally, $GFOX makes it a reality. Alongside growth predictions forecasting a potential 3,900% surge before the end of the year, the above point to why $GFOX is seen as one of the top 5 cryptos to invest in before the bull market begins.

Bonk ($BONK) Is the Party Over?

Bonk’s explosive success highlights that investors want to take risks and win big. It’s been tearing up the charts, introducing new yearly highs almost every other week. $BONK has shown the upside potential of fresh memecoins in the current macro environment. In the last month alone $BONK’s market cap has grown from $13 million to well over $250 million.

It has spawned thousands of copycat projects already, and for the first time in crypto history, Solana ($SOL) has become the hotbed of memecoin activity. 

Bonk’s future success remains intrinsically tied to $SOL’s performance with most of Bonk’s gains coming from traders within the Solana ecosystem rotating profits. Still, Bonk’s incredible momentum makes it one of the best cryptocurrencies to buy before 2024.

Closing Thoughts: A New Generation of Memecoins Yet to Experience a Bull Market

This new generation of meme coins launch against a spectacular backdrop. Institutional money will flow into crypto in early 2024. Months later the halving will occur, and Powell will cut rates and turn the printer back on. Investors need to think bigger; protocols like Galaxy Fox will shatter all expectations.

Participate in the presale today and become a meme coin connoisseur before the bull market begins in earnest. $GFOX is one of the top 5 cryptos to invest in pre-bull, and adding a 100X gem to a portfolio has never been so easy. 

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

The post 2,300% and Rising – Does $BONK Have More Bounce, or is the Bonking Party Over? (and what does its success say about the future of memecoins?) appeared first on CoinJournal.

Top of the Swaps – Which ‘Swap’ is the Best DEX Coin? Can it Compete with $GFOX?

Over time, Decentralized Exchanges (DEXs) have expanded due to their ability to provide users complete ownership over digital assets. Nonetheless, a lot of DEXs have native tokens just as centralized exchanges. 

As a result, some of the most popular DEX coins that have ranked among the best cryptocurrency investment opportunities are Uniswap, PancakeSwap, and dYdx. However, how well do they stack up against the emerging Galaxy Fox ($GFOX)?

>>BUY $GFOX TOKENS<<

Galaxy Fox ($GFOX) Has Been Predicted To Outperform the Crypto Market

The cryptocurrency market has entered another bull cycle. Where analysts have predicted price growth across the board, Galaxy Fox ($GFOX) has been picked as a coin to watch. The project has been predicted to outperform the rest of the crypto market because of its uniqueness.

Galaxy Fox wants to establish its blockchain game as the best way to earn passive income with cryptocurrency in 2023. Like in other blockchain P2E games, players will earn rewards as they progress in this intergalactic world. In addition to this, there is a leaderboard within the virtual world of Galaxy Fox.

For sustainability, the project has put forward a unique reward concept where 50% of the money made from the transaction fees is sent to a fund. Players who place in the top 20% of the Galaxy Fox game will receive a reward from this fund. All rewards earned within the game can be sold for cash within the in-ecosystem marketplace of Galaxy Fox. In addition, the project also supports the staking of its $GFOX tokens. 

Analysts have ranked $GFOX as one of the best cryptocurrency investments among new crypto ICOs for 2023 because of its unique blend of meme coins and blockchain gaming. As the project grows in the bull market, the token could see up to a 100x price rise.

>>BUY $GFOX TOKENS<<

Can the Top Swap Coins Keep Up With Galaxy Fox?

Although the use of DEXs has increased since the 2022 collapse of some top CEXs, their coins have underperformed. Some experts have linked this to the limited liquidity and slower transaction times of DEXs. 

As the leading DEXs, Uniswap ($UNI) and PancakeSwap ($CAKE) were once ranked among the best cryptocurrency investment options. However, they have struggled in 2023. The price of $CAKE has dropped by almost 40% since the start of 2023. 

On the other hand, $UNI has gained just 1.4% year-to-date. This has been considered an underwhelming performance given that the crypto market has climbed by more than 110% YTD. Aave has performed better than the other two top DEX coins. 

The Aave crypto has gained more than 80% YTD. While these are solid gains, they do not compare to the potential 100x price explosion that has been projected for $GFOX. 

At the moment, $GFOX is valued at $0.00066 and is in the first phase of its crypto presale, making now the best time to join the project. So don’t hesitate, check out their presale now by clicking the links below. 

Learn more about $GFOX here:

Visit Galaxy Fox PresaleJoin the Community

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