After a massive price surge in November, Kaspa ($KAS) and THORChain ($RUNE) holders have started to cash out profits, leading to a decline in the prices. The dump was further hastened by FTX and Alameda releasing several million dollars worth of tokens onto exchanges as part of their on-going court settlement. While such dips have been seen across the board by most altcoins recently, one of the very few coins still hanging onto its bullish rally is Galaxy Fox ($GFOX). This new ICO crypto has already increased by over 70% and raised $900K in the first few weeks of the presale. So, what should you know about the current market, and why is $GFOX one of the best alt coins to watch?
Galaxy Fox Overview
The best possibilities are often discovered in the early phases of presales, and experienced investors are well aware of this. In this context, Galaxy Fox rises as a notable option for those searching for the best altcoins to invest in now.
Galaxy Fox is debuting a P2E game, providing an engaging Web3 experience where players can both enjoy gaming and earn additional income. The top 20% of players on the leaderboard are eligible for in-game currency awards, which can be converted into $GFOX tokens, offering a dual benefit for investors.
Staking incentives are another attractive feature of $GFOX. The Galaxy Fox Stargate, accruing 2% from each transaction, guarantees consistent rewards for dedicated token holders. Passive income is a major part of the crypto sector, and staking $GFOX tokens provides a viable way for it.
The project is also launching a unique NFT collection of 3,000 distinctive pieces, presenting another investment avenue for the community. These NFTs will also have a practical function in the game, aiding players in improving their performance and agility.
Market interest is growing in this extensive and advantageous ecosystem. With almost $900,000 raised and early investors seeing a return of 70%, its ICO is off to a good start.
The reason for its popularity is its tiered presale structure. Each stage starts with a greater price, and the first supporters may expect a return of 450% once the token launches. All these attributes clearly list $GFOX as one of the most interesting alt coins to watch and buy before the bulls fully conquer the market.
For Info about $GFOX, visit Galaxyfox.io
$KAS Sees Sharp Decline
Kaspa is a blockchain network that uses a PoW consensus method and features a blockDAG structure. This structure enables the simultaneous existence of multiple blocks, which effectively reduces the high orphan rate common in blockchain technology.
Like many other altcoins, Kaspa experienced a successful period in November. However, December saw some price volatility as investors began to realize their short-term profits, as well as FTX/Alameda dumping some of their holdings onto the market, adding to the sell-pressure..
Also, the large supply of $KAS tokens limited the coin’s ability to endure increased selling pressure without caving. Kaspa has a maximum supply limit of 28.7 billion coins, and while an annual halving process controls its emission, it didn’t seem to be enough for it to maintain the bullish trend.
Currently, the price of Kaspa tokens is around $0.11. It has fluctuated a lot recently, but investors remain optimistic about the altcoin’s potential.
Should you Buy $RUNE?
THORChain is a decentralized Layer-1 protocol that supplies liquidity to various networks. This has led to its adoption by lots of wallets and exchanges for their settlement processes. This adoption has greatly increased activity on THORChain. The protocol encourages the locking of $3 in $RUNE for every $1 of non-RUNE assets placed on the network.
Recent trends indicate a decline in $RUNE’s performance, but analysts anticipate further growth as more traders turn to THORChain, particularly for its ability to facilitate cross-chain exchanges without the need to wrap tokens.
Final Remarks
As an investor, the key to success is in thorough research and early identification of promising alt coins to watch and invest in. Galaxy Fox is a potential opportunity for those looking to diversify and grow their portfolios.
The funds raised are about to hit the massive $1 million milestone, which shows that interest in the $GFOX is increasing, and smart investors choose to join early to secure the guaranteed ROI from its rewarding presale model.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
