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This week has been exciting, with Stacks (STX) leading the way and Galaxy Fox (GFOX) attracting cryptocurrency investors.
Batteries recover after Draper backing
The stacks surged 27% on Dec. 20, boosted by backing from billionaire investor Tim Draper.
In a recent interview, Draper praised Stacks as the first “spectacular” among the crypto projects he explored this year.
Launched in January 2021, Stacks is a layer 2 blockchain for bitcoin. As a scaling layer, Stacks brings features like smart contracts, decentralized applications, and NFTs to the world's first blockchain.
Draper's optimistic view focuses on the trend of migrating crucial applications to bitcoin, envisioning a consolidation around the blockchain similar to Microsoft's strategy with successful software applications.
Despite the technical challenges, innovations like the Lightning Network address concerns and position bitcoin as a leader.
Galaxy Fox is turning heads
In the ongoing pre-sale, Galaxy Fox has raised over $1.5 million.
In stage 5, GFOX, the platform's native token, is available for $0.001518, with over 1.6 billion sold.
In stage 6, GFOX prices will rise to $0.001749.
Galaxy Fox integrates a play-to-earn (P2E) model that features an endless race game where the top 20% of players win prizes each season. Additionally, as part of its distribution strategy, 50% of token purchases go to the prize fund and the other to the long-term growth of the project.
Galaxy Offerings
Beyond its P2E version, Galaxy Fox supports a rewarding staking program, branded products, an nft marketplace, and a treasury structure.
Positioned as a deflationary currency, token burning mechanism, and limited supply, GFOX is being monitored.
The pre-sale success of the Galaxy Fox points to growing investor enthusiasm at the pre-sale stage.
Conclusion
Exploring new projects like Galaxy Fox can be crucial in a crypto landscape ruled by bitcoin and ethereum.
With the timely approvals of bitcoin ETFs and the upcoming bitcoin halving event, GFOX may be considered.
Learn more about GFOX here:
Visit the Galaxy Fox pre-sale | Join the community
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