The bankrupt crypto lender Celsius Network has announced that as part of its ongoing restructuring efforts, it will unstake its $ETH holdings. This move will release millions of worth of Ethereum tokens into the market, potentially reducing its value despite a short-term boost in $ETH prices as result of the SEC ETF approval..
In response, many investors are seeking more stable investment options, with the Galaxy Fox ($GFOX) presale appearing as a symbol of stability and growth. Why are so many investors fleeing to this new ICO crypto?
Ethereum Faces a Potential Setback
Celsius Network’s decision comes as part of its ongoing restructuring process. The company, which filed for Chapter 11 bankruptcy in July 2022, is working to ensure it has enough liquidity to meet its obligations.
With 32% of $ETH coins awaiting withdrawal linked to Celsius, amounting to about 206,300 $ETH (valued at approximately $468.5 million), there’s concern about the impact on Ethereum’s price.
Despite the current upward trend of $ETH, priced around $2.5K, the influx of massive amounts of $ETH tokens into exchanges could lead to price dips and alter Ethereum’s status as one of the best altcoins to buy.
Why is The Galaxy Fox Presale The Optimal Solution?
In times of market uncertainty, presales offer a strategic investment opportunity, as they offer a budget-friendly and stable entry into the market. And among the best ICO presales on the current market, $GFOX draws the most attention.
Structured in ten stages, each new presale stage sees an increase in the token’s price. This design ensures that investors who come in at earlier stages benefit from a guaranteed gradual increase in value. This approach is especially attractive in the fluctuating market, where sharp, bearish dips often follow some bullish pumps.
Currently, this new ERC20 coin is closing its 6th stage. The price is at $0.001749, but with 98% of the tokens already sold, stage 7 is expected to start soon, raising the price to $0.00198. This means that every moment counts in the $GFOX presale, and the earlier you take action, the more you earn.
A Closer Look at the Galaxy Fox Ecosystem
Besides the presale, many other attractive characteristics make this new ICO crypto stand out.
Galaxy Fox is an ecosystem with the goal of combining entertainment with potential for financial gain. Its main offering is a platform for P2E competitions in a runner game, which is both easy to pick up and highly rewarding.
Once a week, the development team will have gaming seasons where the top 20% of players will get rewards. They are rewarded with shares of the Prize pool, funds allocated from the in-game asset purchases.
Another reason for $GFOX’s success is its appealing staking payouts, which allow token holders to receive passive revenue via the Stargate module. Stargate accumulates 2% of all transactions in the ecosystem and distributes them to stakers.
Galaxy Fox’s approach to fund staking rewards through buy-and-sell taxes eliminates inflationary pressure. The project also adopts a burning strategy that permanently removes tokens from circulation and boosts its investment appeal further.
Notably, this new ICO crypto is planning to leave its mark in the NFT space, too. During its presale, the project will release 3,000 unique NFTs. These NFTs are integral to the gaming experience while also being collectibles. Players can mint them directly from Galaxy Fox‘s website and trade them on popular NFT platforms, opening up another avenue for investment and profit.
Final Remarks
Price drops are part of the crypto market’s volatile nature, but they can be avoided in some ways. The Galaxy Fox presale is the optimal solution to enter the market and be unbothered by such market dips. The presale price of $GFOX is guaranteed to increase over the stages, and its attractive ecosystem, packed with utility and reward opportunities, will take the $GFOX price to the moon after the launch.
Learn more about $GFOX here:
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