The online crypto world is getting excited with the launch of new crypto games and mesmerizing NFT collections this year. This has led to a huge surge in trading activities from new investors who are into gaming. Although it’s difficult to figure out the best performing crypto coins as each one has their own set of functionalities. Some deal with gaming while others are into gaming as well as real-world utilities.
Out of all the promising crypto coins launched this year, one standout in this trend is Galaxy Fox. It is a new meme coin that launched its latest Play-to-Earn (P2E) game on May 11. It has come into the limelight because of the several features that make it worth investing. Let’s try to find out how long this surge will continue and will Galaxy Fox lead the chart.
The crypto market is experiencing a notable surge, thanks to the introduction of new crypto games and NFT collections. Here are three main reasons driving this trend, along with some recent statistics to highlight the impact.
One of the primary reasons for the market surge is the growing popularity of Play-to-Earn (P2E) games. These games allow players to earn real rewards while playing with friends. This way you can earn additional income apart from the investment returns in the crypto market. These crypto games have been the main craze for many gamers who are eager to earn while they play. The unique combination of earning real-world value via online gaming has increased user engagement and investment. The trading volume of P2E gaming tokens has risen by 65% this year.
Then you have exciting NFT collections that continue to increase the market capitalization every year. These are basically digital assets that can be owned, traded, and sold at various NFT platforms. These collections offer users the chance to own exclusive digital art and in-game assets. The trading volume of NFTs has seen a 35% increase this month showing the growing interest and investment from users.
Tokens that offer staking rewards are also playing an important role in the market surge. These staking rewards provide token holders with passive income and also give a boost to long-term holders. This helps to reduce the market volatility and also increase the crypto value with time.
Galaxy Fox is not a simple meme coin that relies on getting popularity from big stars or entrepreneurs. It’s a full utility token that has an ambitious aim to make a great impact across daily human activities. Although Galaxy Fox is inspired from major meme coins like Dogecoin, Shiba Inu, and Pepe, it wants to stand out with real rewards, NFT staking, weekly tournaments, token burn, and more features. The owners have created this top altcoin keeping in mind the popularity gained by other gaming platforms like The Sandbox, Decentraland, and Axie Infinity. So, if you are an avid gamer, you should definitely try their web3 runner game and beat the competitors to get real rewards.
The best thing about Galaxy Fox is its P2E gaming platform. Players can earn the native $GFOX tokens by doing well in the game. The top 20% of players on the leaderboard at the end of each season will be rewarded with in-game currencies. These can be later exchanged for real tokens to earn passive money. In order to make the game more interesting, Galaxy Fox NFTs will provide boosters and strengths so that you have an added advantage over your opponents. You can easily buy these NFTs from their very own marketplace that has more than 3000 collections.
Galaxy Fox will reward the long term holders by giving them good returns for staking their tokens. 2% of the total transaction value is added back to the Galaxy Fox Stargate that is happening on their website. Those holders who have staked their tokens will receive a share of the Stargate’s rewards. This creates an incentive scenario to hold onto your tokens so that there’s a reason to stay invested for long.
Finally, you will also see a token burn mechanism to reduce a certain amount of tokens from the market. This is a process used by top crypto coins to make sure that the overall supply remains limited and is more valuable to investors. Overall, it is the best crypto coin for investment within the gaming and NFT industry.
The combination of P2E games and NFT collections is driving the current surge in the crypto market. As more users engage with these platforms it is very likely to see continued growth. To get the best from your investment, consider adding Galaxy Fox in your portfolio as it offers multiple ways for users to benefit. Whether you’re into gaming, NFTs, or simply looking for a smart investment, Galaxy Fox is the perfect opportunity.
Learn more about $GFOX here:
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