Ethereum’s co-founder, Vitalik Buterin, just ignited an 80% surge in the Ethereum Name Service (ENS) token, reaching an eight-month high.
And that’s not all – the Galaxy Fox presale is making waves, surpassing a whopping $2.4 million. Let’s dissect how Buterin’s endorsement is reshaping ENS and explore why Galaxy Fox is stealing the spotlight.
Buterin’s Twitter Praise Ignites the Rally
On January 3, Buterin graced the crypto universe with his views on Ethereum Name Service or ENS via X (formerly Twitter), labeling it as “super important.” He emphasized the need for accessibility and affordability, especially for Ethereum network users on layer-2 (L2) networks. Buterin pushed for the integration of ENS addresses with L2 networks like Optimism, Arbitrum, and Polygon, foreseeing enhanced user-friendliness and a crucial step towards Ethereum’s long-term scalability plans.
Following Buterin’s influential tweet, the ENS token skyrocketed from its yearly low of $8.50, reaching an impressive $15.8 — an 85% surge, according to CoinGecko. It’s trading around $14 on January 5th, showcasing a 45.1% increase within 24 hours. This is also a 42.7% rise in value over the week leading to the said date.
ENS isn’t just riding the waves of Buterin’s endorsement; it’s a decentralized naming system on the Ethereum blockchain, boasting over 2.1 million registered domains and 800,000 unique participants. Back in September 2022, Buterin proposed the “Harberger” tax, aiming to foster decentralized ownership of ENS addresses by discouraging domain name hoarding.
GFOX Presale Sets Sail, Surpasses $2.4 Million: The Galaxy Fox Revolution
With its presale already hitting $2.4 million and breezing into the sixth stage, #GFOX has turned a lot of heads in the memecoin/GameFi sectors of the cryptocurrency market.
Staking, Tokenomics, and Deflationary Magic
Galaxy Fox’s success lies in its innovative tokenomics model. Stakers of $GFOX benefit from a native yield on a deflationary asset. The dynamic pricing mechanism in each presale stage offers token holders a thrilling price leap. The deflationary angle of this includes burning tokens to appreciate their value by reducing supply, and Galaxy Fox takes it to the next level by funding staking payouts through on-chain buy-and-sell taxes.
Diverse Revenue Streams and Forward-Looking Strategy
Galaxy Fox isn’t just a memecoin; it’s a dynamic project tapping into various revenue streams. The runner game onboarding strategy, an in-house and with a vibrant and unique NFT marketplace collection, and real-world merchandise sales all contribute to the project’s success. Notably, a portion of merchandise revenue goes straight into the Treasury, funding strategic marketing efforts to attract more users.
What’s in Store for GFOX in 2024?
The million-dollar question among crypto investors and enthusiasts alike is this: What’s the future of Galaxy Fox? The rapid success of its presale and its strategic moves in the gaming and memecoin space bodes well for 2024. The journey to centralized exchanges is often a turning point for memecoins, and a strong presale showing is often a harbinger of what’s to come once a token hits the retail stages.
Vibrant Online Community
As the crypto space heats up with exciting developments, Galaxy Fox has surpassed a milestone of $2.4 million in its presale. With over 2.1 billion tokens in the hands of early investors, Galaxy Fox is gearing up for its next stage, with GFOX priced at $0.00198. The GFOX community is already active and thriving on social media, where you can learn more about this exciting new project.
Learn more about GFOX here: Visit Galaxy Fox Presale | 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 guidelines for unbiased and transparent reporting, this content is created by a third party and is intended for promotional purposes. Readers are advised to verify information independently and consult with a professional before making decisions based on this sponsored content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
