The post Solana hits $70 as GFOX presale roars past $900k appeared on BitcoinEthereumNews.com.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. After the long-lasting crypto winter, the market has finally started to breathe a sigh of relief. The anticipated Bitcoin spot ETF approval and the upcoming halving are paying off, and the bull run is in full swing. In this weather, many altcoins are breaking yearly records and giving the HODLers their well-deserved rewards.   Solana (SOL) reached a yearly high of $75 in these developments. While the selling pressure did its job, and Solana is currently slightly down from the $70 price mark, the positive sentiment is strong. Meanwhile, the latest GameFi token, Galaxy Fox (GFOX), has raised over $900k in its presale. Exploring GFOX While the crypto market is constantly flooded with new tokens, not all can last long and bring utility. The new ERC-20 coin Galaxy Fox has a simple goal – to grow and evolve. It is a full utility meme coin with a vision to stand alongside major meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and PepeCoin (PEPE), as well as leading P2E tokens such as The Sandbox (SAND), Axie Infinity (AXS), Decentraland (LAND), and GALA.  Galaxy Fox has won praise from analysts for its significant development potential, allowing owners to generate additional revenue via P2E gaming, staking, and simply through GFOX token ownership. This is possible with hyper-deflationary tokenomics that constantly reduces supply by burning. Also, every GFOX transaction is charged a 6% royalty fee, which equally funds the treasury, liquidity, and staking pools. This way, the project supports its long-term goals while also motivating holding. The market is especially impressed with the project’s presale structure. The presale phase will go through ten…

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Filed under: News - @ December 14, 2023 1:16 pm