Bitcoin has been on an absolute tear recently, outperforming the vast majority of altcoins on its hyper-speed drive to becoming one of the world’s most valuable commodities. Over the past week. it briefly surpassed the $64k level and could reach the $70k mark as early as next week, although some analysts are saying the coin is overdue for a healthy retracement. There’s also the issue of miners dumping $BTC on the market pre-halving, and the US Government dumping almost a $1 billion worth of seized $BTC once the price hit the $63K level. This, arguably, is what set off the recent pull-back to $62K.
In the meantime, Galaxy Fox is generating buzz in the cryptocurrency world. It is currently the best ICO of 2024, having raised over $3.7 million in funding and around $4 million.
Bitcoin ($BTC) Roars Past $63K
Bitcoin shocked the crypto community recently as it skyrocketed from a monthly low of $41,879.19 to a high of $63,913.13. This price surge took it closer to its all-time high of $68,789.63, which is less than 10% from $63,913.13.
Traders are expecting a continued uptrend in Bitcoin’s price, according to recent data from Santiment. From $9.55 billion to $10.2 billion, open interest in Bitcoin increased, hitting levels last observed in July 2022.
Trade volume has increased in response to this price surge, suggesting that Bitcoin may see additional gains. According to Santiment, the overall Bitcoin funding rate on exchanges increased from 0.016% to 0.019%.
This suggests a little rise in trades with long positions. Additionally, there has been an increase in whale activity in Bitcoin. The number of unique trades having a value of $100,000 or more increased from 9,067 to 13,142 in the previous day.
Galaxy Fox (GFOX) Raises Nearly $4M in Presale
Galaxy Fox (GFOX) introduces an exciting web3 ecosystem featuring its unique meme coin, GFOX, NFTs, and a play-to-earn game. It is currently the best ICO in the market, having raised over $3.7 million so far.
At the moment, its meme coin is at the 8th stage of its presale and is priced at just $0.002178. However, $GFOX is more than a meme coin and doubles as a gaming token of a play-to-earn game, a Web3 runner game.
The game merges entertainment with financial gain, rewarding players with $GFOX tokens for their gaming skills. The best performers, ranking in the top 20% each season, earn rewards convertible into $GFOX.
The game’s strategic edge lies in its NFTs that boost players’ quality temporarily, making them the best NFTs to buy. The NFTs have different features and can help players during the game. Galaxy Fox’s goal is to transform the NFT sector by launching 3,000 unique NFTs in its presale.
The $GFOX token is the sole way to obtain these popular NFTs, which can be exchanged on sites like OpenSea and mintable on the Galaxy Fox website. Therefore, the best crypto to buy right now is the $GFOX token.
In Summary
Good news for the best ICO, Galaxy Fox, since the price of Bitcoin has recently increased, indicating that positive momentum has entered the crypto industry. Investor interest has been piqued in the play-to-earn game, which is now in the presale stage and has the potential to soar along with Bitcoin’s upward trajectory.
Additionally, the play-to-earn game offers players an entertaining environment in which they can win the coolest NFT collections and other prizes. This justifies joining the project prior to its launch.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
