Cryptocurrencies have taken the world by storm once again and as open interest increases, it is clear that risk-on market participants will be active in the next two years. Speculative appetite has increased, and following the anticipation of bitcoin ($btc) spot ETFs, the industry is expected to shift prices dramatically.
On the other hand, it seems that anyone who has purchased a Solana saga ($SOL) will be pleasantly surprised. The reason is that each phone comes with a certain amount of BONK, which is currently worth much more than when the phone was released. Meanwhile, Galaxy Fox, a promising pre-seller, is approaching $2 million in funds raised.
Saga sales change: a strange success story
Saga, a mobile phone launched by Solana, was the first piece of hardware created by a layer one blockchain. Although sales were dismal and founder Anatoly even backtracked on the product, claiming it was an experiment in a podcast, $BONK's huge rise has breathed new life into the market.
Each phone comes loaded with a $30 million airdrop of $BONK, and if Bonk prices continue to rise, the Solana phones will be worth much more. Not bad for a phone that costs $599. The rampant rise in $BONK's valuation has single-handedly reversed Saga's fortunes and taken the phone from lack of sales to out of stock. A secondary market has even emerged, with people paying thousands of dollars for new, unopened Sagas.
Will Bonk retrospectively become the best meme coin in 2023? For those early enough, certainly, but memecoins have a predetermined lifecycle, and by the time Tier 1 centralized exchanges list them (Binance and Coinbase), trading may already be too saturated.
Galaxy Fox ($GFOX) aims for $2 million, next step $5 million
Galaxy Fox continues to raise and has surpassed its competitors when it comes to funding. Steadily approaching $2 million and with $5 million as the next target, the natural question is how far this P2E token can go.
This play-to-earn token is pushing the boundaries of what it means to be a P2E project. Instead of only the highest ranked players earning rewards, Galaxy Fox has allowed the entire community to earn by introducing staking rewards.
Beyond this, the ecosystem offers novel ways for skilled market players to generate profits, including an nft marketplace. NFTs grant in-game stat bonuses, and logic dictates that as the prize pool for your runner game grows, the minimum price of NFTs will increase as the stat boosts they confer become more valuable.
Some are already optimistic, citing the protocol's intricate tax system, which funds staking payouts, the liquidity pool, and the Treasury. Taxes that fund gambling rewards mean there will be no long-term inflation. Tokenomics is actually deflationary, allowing value to accumulate steadily over time. The Treasury funds ecosystem development initiatives, meaning more activity will equal more new users.
The meta in the last quarter of 2023 has certainly been memecoins, and Bonk's outrageous performance is testament to this claim. Looking ahead to 2024, this trend could remain intact and GameFi is expected to become another dominant vertical market.
Learn more about $GFOX here:
Visit the Galaxy Fox pre-sale | Join the community
Disclaimer: The above article is sponsored content; It is written by a third party. CryptoPotato does not endorse and assumes no responsibility for the content, advertising, products, quality, accuracy or other materials on this page. Nothing contained herein should be construed as financial advice. Readers are strongly advised to independently and carefully verify the information before participating in any company or project mentioned and to conduct their own research. Investing in cryptocurrency carries a risk of loss of capital, and readers are also advised to consult a professional before making any decisions that may or may not be based on the sponsored content above.
Readers are also advised to read CryptoPotato's full disclaimer.
Binance Free $100 (Exclusive): Use this link to sign up and receive $100 free and 10% off fees on Binance Futures for the first month (terms).
<!– ai CONTENT END 1 –>
