Eth Founder Pumps ENS Token 80% As Galaxy Fox Presale $2.4 Million
Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be construed as financial advice. Please do your own research before making any investment decisions.
Ethereum founder Vitalik Buterin has hit an eight-month high after launching the Ethereum Name Service (ENS) token with an 80% increase.
And that's not all – the pre-sale of Galaxy Fox is making waves, exceeding 2.4 million dollars. Let's break down how Buterin's endorsement is shaping ENS and examine why Galaxy Fox is stealing the spotlight.
Buterin's Twitter praise fueled the rally
In the year On January 3, Buterin praised the crypto universe by saying that views on the Ethereum name service, or ANS, X (formerly Twitter), are “extremely important.” He emphasized the importance of accessibility and affordability for users of the Ethereum network, especially on Layer-2 (L2) networks. Buterin pushed for the integration of ENS addresses with L2 networks such as Optimism, Arbitrum, and Polygon, providing improved user-friendliness and a critical step in Ethereum's long-term growth plans.
Following Buterin's influential tweet, the ENS token rose from its annual low of $8.50 to an impressive $15.8 – an 85% increase, according to CoinGecko. It was trading around $14 on January 5, a 45.1% increase in 24 hours. This is an increase of 42.7% in the week leading up to the mentioned date.
Buterin's support for ENS isn't just about riding waves; It is a decentralized naming system on the Ethereum blockchain that boasts over 2.1 million registered domains and 800,000 unique participants. In September 2022, Buterin proposed a “harburger” tax aimed at promoting decentralized ownership of ENS addresses by encouraging pooling of domain names.
GFOX Sets Presale Sail, Surpasses $2.4 Million: Galaxy Fox Revolution
#GFOX has turned a lot of heads in the memecoin/GameFi sectors of the cryptocurrency market, hitting $2.4 million in pre-sales and blowing into sixth place.
Staking, Tokenomics and Deflationary Magic
Galaxy Fox's success lies in its innovative Tokenomics model. $GFOX stakeholders benefit from native production on reduced assets. The dynamic pricing mechanism in each pre-sale phase provides token holders with an impressive price increase. The rejection angle of this includes burning tokens to appreciate in value by reducing supply, and Galaxy Fox takes it to the next level by financing payments through on-chain purchase and sale taxes.
Different income streams and forward looking strategy
Galaxy Fox is not just a memecoin; It is a flexible project that taps into various sources of income. A runner's game onboarding strategy, an in-house and vibrant and unique set of NFT marketplaces, and real-world commodity sales all contribute to the project's success. Specifically, a portion of merchandise revenue goes directly into the treasury, supporting strategic marketing efforts to attract more users.
What's in store for GFOX in 2024?
The million dollar question among crypto investors and enthusiasts is this: What is the future of Galaxy Fox? The rapid success of the pre-sale and the strategic movement in the game and memecoin's place is good for 2024. The move to centralized exchanges is often a turning point for memecoins, and a strong pre-sale showing is often an indicator of what's to come. It hits retail levels.
As the crypto space heats up with dramatic developments, the Galaxy Fox has surpassed the milestone of $2.4 million in pre-sales. With more than 2.1 billion tokens in the hands of early investors, Galaxy Fox is preparing for the next stage, with the price of GFOX at $0.00198. The GFOX community is already active and growing on social media, so you can learn more about this exciting new project.
Learn more about GFOX here: Visit Galaxy Fox Presley | Join the community
Disclaimer
This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to The Trust Project's guidelines for impartial and transparent reporting, this content was created by a third party and is intended for advertising purposes. Readers are advised to independently verify information and consult with experts before making decisions based on this sponsored content. Please note that our terms and conditions, privacy policies and disclaimers have been updated.
