Crypto is full of strange contradictions and surprises, and the recent pumps in $FTT and Terra ($LUNA) are perfect examples of that. $FTT, the native token of the now-bankrupt FTX exchange, has seen a remarkable 200% surge in the past month despite its apparent complete lack of use or value. Terra, too, has shown surprising resilience with a 30% rise, even after its algorithmic stablecoin UST’s failure led to a catastrophic collapse in $LUNA’s value.
This unexpected upswing in the prices of both tokens raises questions: Why do these coins refuse to die? Could it be because of the general bullish weather in the market? Or do some people actually believe the projects still hold value. No matter how we explain it, their positive price moves don’t erase the risks and turbulence from the past.
Alternatively, Galaxy Fox ($GFOX) seems like a far better bet for investors. In light of the ongoing changes in the market, $GFOX gives a fresh chance that may provide a more secure and reliable investment option than so-called “zombie coins”, like $FTT and Terra. What is $GFOX, and why do so many investors list it among the best altcoins for 2023?
Why $GFOX Stands Out
Credibility is the most important success metric of any crypto project, and gaining people’s trust is not that easy. This is especially true for the new ICO crypto projects, as they are basically entering the industry with over 23,000 competitors and the strictest regulatory requirements. Knowing full well this to be true, $GFOX establishes a brand new standard on the market – a play-to-earn meme coin that is fully audited and KYC-verified.
Fundamentally, Galaxy Fox is made to give back to its community in every way. The project’s novel play-to-earn approach centers on having people compete in a Web3 runner game. By doing well in this game, participants may get $GFOX tokens. The combination of gaming and earning allows Galaxy Fox to capitalize on the huge popularity of online gaming while also providing a real financial incentive.
The “astronomics” of the project are carefully designed. A percentage of the transaction fees are sent to the treasury, liquidity pool, and staking pool to maintain a healthy environment. This fair distribution of resources highlights the project’s dedication to long-term stability and development. Particularly interesting is the staking mechanism, which links token holders’ interests with the project’s success by incentivizing long-term ownership and ecosystem involvement.
In addition, Galaxy Fox has made a major effort to prove its reliability and validity. Crypto Hub, a leading web3 auditing organization, conducted a comprehensive audit and KYC verification on the project. This procedure includes thoroughly analyzing the project’s operational frameworks and smart contracts to guarantee their security, transparency, and compliance with legal requirements. By confirming the legitimacy of the Galaxy Fox team, the KYC verification grants the project an extra degree of legitimacy and gives investors confidence in the company’s moral character.
Apart from its unique game concept and strong tokenomics, Galaxy Fox is notable for its vibrant community involvement. The project has a significant online presence across a number of social media channels, where it often engages with the public, responds to issues, and informs everyone of new developments.
The presale for this fascinating new initiative has just begun. The presale is an important stage as it allows early investors to buy $GFOX tokens at a discount before they’re listed on larger platforms. Each presale level (10 levels in total) has a slightly higher token price to encourage early participation.
Galaxy Fox has already collected a remarkable $190,000 in the first few days of its presale, indicating significant interest from investors. So, if you’re searching for the best altcoins for 2023, $GFOX should definitely be on your watchlist.
Final Remarks
While the recent price movements of $FTT and $LUNA make them tempting altcoins to watch, it’s important to approach these “zombie coins” with extreme caution. The market’s history is littered with examples of sudden surges followed by equally rapid declines, so investors should always conduct thorough research and find the right coins with actual long-term growth potential. The current market reveals $GFOX to be one of the best altcoins for 2023, and if you wish to diversify your portfolio with a newly emerged reliable gem, make sure to check out $GFOX.
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Learn more about $GFOX here:
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
