$AVAX Surges as Solana Cools Down – Is $GFOX Next to Explode?

Solana ($SOL) has been the centre of attraction over the last few weeks. After a trend reversal was confirmed in October, $SOL went on a blistering rally of over 210%. 

However, the popular altcoin is now taking a breather, retracing for three consecutive days and appears to have more downside to come. As trends shifted, Avalanche ($AVAX) next emerged as the top gainer, skyrocketing by over 160% before flashing overbought signals.

Another altcoin that has shown promise in the recent bull market is Galaxy Fox ($GFOX). But does it have the potential to become one of the best cryptocurrencies to invest in? Let’s find out. 

>>BUY $GFOX TOKENS<<

The Avalanche ($AVAX) Rally Was Fueled By RWA Tokenization 

After the Solana rally cooled in mid-November, Avalanche ($AVAX) led the crypto market in gains. The price of $AVAX jumped by more than 160% on the monthly chart. As a result, Avalanche set a new yearly high above $24. 

The current increase in the interest in real-world asset tokenization has fueled the $AVAX rise. Major banks like Bank of America, Citi Bank, and JP Morgan were exploring the tokenization of real-world assets using the Avalanche layer 1 chain, according to research by DeFi named “AlŞx Wacy.”

He clarified that in order to implement blockchain solutions, these banks were using Subnets and Avalanche technology. Avalanche is one of the preferred chains for testing the tokenization of real-world assets because of its high throughput.

However, as the hype faded, the price of Avalanche retraced just like Solana. $AVAX proceeded to drop below the $20 resistance. While Avalanche could become one of the best cryptocurrencies to invest in long-term, its 2023 performance has forced investors to consider other alternatives.

>>BUY $GFOX TOKENS<<

Is Galaxy Fox ($GFOX) the Next Altcoin To Pop?

Galaxy Fox ($GFOX) is a new project building an ecosystem to solve one of the greatest challenges of meme coins, utility. The ecosystem unveiled by Galaxy Fox included a P2E game, NFT collections, and a digital marketplace, among other features.

The immersive game built in a virtual world where foxes reign supreme has caught the attention of gamers. The project also aims to be highly profitable, introducing a tiered leaderboard for reward issuance. For sustainability, half of the fees charged on the network will also be directed towards rewarding gamers. 

The NFTs introduced by Galaxy Fox are just as unique as the game. They are among the coolest NFTs as they will be integrated directly into the web3 runner game. On the marketplace, gamers will buy, sell, and trade in their rewards for cash. The project just launched its beta crypto presale, stirring even more excitement.

Final Thoughts 

Galaxy Fox has emerged as one of the best cryptocurrencies to invest in because of the dual utility it possesses. Because of this, analysts are more bullish about the project than Avalanche.

While analysts have predicted a price target of $50 for $AVAX by 2024, $GFOX is expected to increase up to 1,000%. This has opened up a great opportunity to stack $GFOX tokens as it is sold at only $0.00066. Don’t miss out on the gains, visit the links below today!

Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter