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Amid market fluctuations, Solana surpasses $200 while Galaxy Fox pre-sale captivates investors with a cap of $4.8 million.
The cryptocurrency market is currently on a bull run, highlighted by significant achievements such as Solana's advancement past the $200 mark and substantial interest in the Galaxy Fox ICO.
As bitcoin continues to reach new heights, the market is nervous, anticipating the effects of the upcoming halving event.
Even though the overall market anticipates corrections, Solana (SOL) and Galaxy Fox (GFOX) are showing remarkable resilience and growth.
Is it a good time to buy $GFOX?
Galaxy Fox draws attention with its unique combination of gaming, DeFi, betting and nft, located within a web3 gaming platform.
This new ERC20 coin powers a Web3 online game where players can win real prizes by competing against each other.
The top 20% of players will earn a share of the prize pool each playing season, which occurs weekly and monthly. This pool is raised through in-game purchases and also supports the treasury and supports long-term project growth.
Staking forms a core part of the Galaxy Fox ecosystem, with 2% of all transaction fees funneled into the Galaxy Fox Stargate rewards pool.
This mechanism encourages holding of $GFOX tokens by rewarding committed investors, providing Galaxy Fox with a significant advantage in the competitive cryptocurrency market.
A well-thought-out tax system further ensures the sustainability of the token. In addition to the 2% fee directed to the betting pool, another 4% of each transaction supports the liquidity pool and treasury.
This strategy ensures a continuous flow of funds for project expansion and aims to discourage quick sales by investors.
Galaxy Fox has been one of the most demanding ICO cryptocurrencies over the past few months. And it has its own reasons: the price of the coin increases in each new phase, resulting in a total return on investment of 450% for first-stage buyers.
With the ICO nearing its final stages and a market capitalization already at $4.8 million, Galaxy Fox is emerging as a noteworthy project in the ongoing bull run.
Additionally, the price of $GFOX will increase in stage 10 and at launch.
More on Solana's phenomenal performance
Solana is on an impressive rise, with its total value locked (TVL) close to $4 billion and stablecoins on its network valued at $2.6 billion. This shows the wide acceptance of the platform and its established role in the digital currency sphere.
The launch of $BILS, a stablecoin pegged to the Israeli shekel, on the Solana blockchain has caught the attention of investors. This initiative highlights Solana's dedication to leading financial innovation within a regulated environment.
Looking ahead, Solana's recent performance suggests a positive trend, hitting a 25-month high and raising expectations of continued upward movement. Now with past resistance levels acting as solid support, $SOL has surpassed the $200 mark.
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