Cardano bulls target $1, GFOX rising up meme coin rankings
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Retailers are back, looking at recent sequence of events. For instance, Coinbase is now in the top 100 most popular mobile apps. As retailers flow back, Cardano (ADA) and Galaxy Fox (GFOX) will likely benefit from the capital injection.
Cardano bulls target $1
Cardano outperformed Solana last week,.
The Cardano DeFi TVL is up above $600 million.
This is a massive boost, considering critics described Cardano as a “ghost chain”.
Since the Alonzo upgrade, Cardano has had smart contract functionality, and the liquid staking tokens for ADA have been a massive boon.
ADA is in an uptrend, targeting $1 .
Galaxy Fox soaring
The Galaxy Fox has raised over $4 million.
Experts are bullish, expecting GFOX to rally even higher.
GFOX has a staking program. Moreover, it is deflationary, since there is a burning mechanism in place.
A novel taxation system allows it to pay rewards without inflationary emissions and routes capital to drive growth.
The protocol Treasury assumes responsibility for market efforts and community initiatives.
Moreover, its Web3 runner game is designed to onboard new users, further growing its ecosystem.
Supporters say Galaxy Fox will continue growing, cementing its position in the meme coin scene.
Closing thoughts
Retailers are back. Analysts are confident that potent altcoins like Cardano and Galaxy Fox will benefit from the capital influx.
So far, the GFOX presale is 98% sold out, an indicator of demand.
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