Altcoins have seen a notable increase in momentum lately, with many of these tokens dwarfing the industry's leading members in performance.
For example, the cryptocurrency $ICP surged massively, rising over 100% over the last month, while ethereum continues to sink. But what also draws attention in the current market is Galactic Fox ($GFOX)a new cryptocurrency ICO that is about to reach $2 million in pre-sale funding.
Galaxy Fox: What is it about?
Investors are always on the lookout for new projects to watch. Sometimes NFTs are trending, and sometimes it's meme coins, P2E tokens, or DeFi projects that get hyped. However, the market is yet to see a combination of all of this, and Galaxy Fox is proud to introduce its multi-functional, hyper-deflationary P2E meme coin that also issues NFTs and serves as the primary token in the unique Fox-themed DeFi ecosystem.
The entire Galaxy Fox ecosystem is based on its classic Web3 racing game, where players choose their avatars and participate in marathons. However, the competition is tight, considering the attractive rewards offered by the team.
More precisely, in each game season, whether weekly or monthly, Galaxy Fox Leaderboard ranks the most successful players, of which the top 20% have a chance to win in-game coins from the prize pool. These in-game currencies can be converted to $GFOX and generate profits for players.
Galaxy Fox further encourages investors with a unique collection of 3,000 NFTs, which can be minted on its website and traded on large marketplaces such as Opensea. These NFTs will have distinctive features and powers within the game, so players will use them as boosters and increase their competitive advantage.
In addition to games and NFTs, $GFOX can also be staked, and Stargate's reward pool ensures that everyone who saves their assets will receive a big reward.
Currently, in pre-sale, $GFOX is starting its fifth stage. The price at each pre-sale stage increases.
$ICP Price Outlook
Internet Computer is a decentralized web platform with the goal of providing a secure, fast and trustless Internet for everyone. It operates using its own cryptocurrency, $ICP, which is essential to running and maintaining its network and rewarding those who participate in it. The $ICP token powers network operations and encourages platform development and governance.
The $ICP currency is also used to pay transaction fees, access services, and compensate developers and validators for their contributions. It has limited supply and is designed to decrease in quantity over time, making it deflationary.
$ICP saw significant gains during the November rally, and its value increased over 100%. If the current uptrend continues, the price is expected to reach a resistance level of $10 soon.
Stabilizing at this price could pave the way for ICP to challenge its next resistance level of $12 next week.
At the moment, $ICP is trading around $9.5. Despite some ups and downs, it shows potential for notable upward moves, deserving a place among the best altcoins to buy.
Have the bears taken over $eth?
ethereum price has been struggling to maintain its momentum after failing to keep up with yearly highs around $2,400. Despite the bulls' efforts to keep the price above $2,200, new bearish trends have pushed it below these levels. The broader crypto market is showing a short-term bearish outlook, raising expectations of a pullback soon for major tokens.
Investors are still hopeful about future trends, which has increased buying pressure. There are concerns that it may experience a significant decline once it reaches the peak of its current consolidation phase.
While ethereum bulls are working hard to keep its price above $2,200, investors are starting to consider $GFOX as one of the projects to watch.
Learn more about $GFOX here:
Visit the Galaxy Fox pre-sale | Join the community
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