The Reason For Galaxy Fox’s Rapid Rise And How It Affects $SAND and $MATIC. Find out how Galaxy Fox’s rise could affect The Sandbox and Polygon.
The crypto space is very competitive as new projects arise every day. This has made investors consider what the best crypto investment is, especially now we are entering a new crypto bull market.
Currently, Galaxy Fox ($GFOX) has emerged as a platform that aims to mix the benefits of play-to-earn tokens and meme coin into one. It is basically one of the best meme coins to buy now.
On the other hand, Polygon is battling with bear market pressure as it fails to reach the $1 price level. The Sandbox has seen upward price gains, spurred by the latest market rally.
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Galaxy Fox ($GFOX) Rises To The Top Of Play-to-Earn Gaming World
Galaxy Fox ($GFOX), the meme coin and P2E gaming project, has caught the attention of many investors. Whether you are new to investing or experienced, Galaxy Fox is currently one of the top ten cryptocurrencies to buy.
The platform has several features and offerings. First, with Galaxy Fox, you can win exciting prizes and earn rewards. It also offers various ways for holders to earn more tokens, like gaming and staking. As a result, the Galaxy Fox crypto presale has gained traction.
Additionally, the treasury fund has rewards for the top performers in the ecosystem. Galaxy Fox has an ERC-20 coin called $GFOX which becomes more valuable over time due to a “token burn” mechanism. This is why it is one of the best crypto investments in 2023. Galaxy Fox is planning to launch one of the coolest NFT collections with 3,000 special NFTs.
These NFTs can only be accessed by $GFOX token holders. And the best part is, you can buy $GFOX at an affordable price of just $0.00066. Market experts have forecasted a 450% price increase by the end of the presale. So, don’t miss out on the opportunity to join the best crypto investment and be part of this growth.
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Sandbox ($SAND) Bullish After Gucci Partnership
Just like Galaxy Fox, The Sandbox is also a play-to-earn gaming platform. Interestingly, $SAND has been on a bullish run this past week after its latest partnership with Gucci. Earlier this week, $SAND flipped $AXS to become the largest metaverse project by market cap.
Also, the $SAND price pumped reclaiming the $0.45 price level, bringing its November gains to 45%. Additionally, data from Santiment, crypto whales have also increased their $SAND holdings. They have accumulated 30 million $SAND tokens raising their wallet balance from 749 million to 779.3 million.
However, the price of $SAND has dropped on November 16th to $0.4377. As a result, $SAND had dropped to the 59th largest token by market cap just behind $AXS.
Polygon ($MATIC) Price Drops After Token Distribution
Polygon, a network designed to solve Ethereum’s scalability issues, has gone bearish lately. The bearish price movement of its native token, $MATIC, comes after the distribution of 217 million $MATIC tokens by the Polygon Ecosystem Growth initiative.
According to CoinMarketCap, the $MATIC price has dipped 3.5% to $0.903899, a sign of high selling pressure. Still, the $MATIC coin holds tight to its 9.8% and 71.6% gain on the 7-day and 30-day charts.
Currently, the Polygon community awaits the launch of Polygon 2.0. The network is already working on its transition from $MATIC to $POL. According to Coincodex, the price of Polygon is predicted to rise by 17.19% and reach $1.084662 in the coming weeks.
Closing Thoughts
Polygon dropping prices and The Sandbox overtaking Axie Infinity in the gaming space shows how competitive the crypto space is. Analysts have predicted that Galaxy Fox’s dual feature as a meme coin and P2E token gives it a good chance against The Sandbox.
Besides, Galaxy Fox has several prizes and giveaways in store for memes and gaming enthusiasts. This makes it among the one of the best crypto investment choices for both P2E and meme enthusiasts. Smart inventors will take advantage of the $GFOX presale to get in early on the action, before the coin is listed on major exchanges.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
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