Solana-based project, Marinade, rallies 150% in 24 hours as this memecoin presale soars
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Altcoins are rising despite Bitcoin’s (BTC) recent correction. A pullback was expected after a relentless two-month rally. Although BTC has slowed, Solana’s (SOL) staking pool token Marinade (MNDE) rose 150% in 24 hours. Meanwhile, the Galaxy Fox presale has raised over $850,000.
Galaxy Fox presale approaches $1 million
Galaxy Fox has raised over $850,000 in the ongoing presale, with experts forecasting the project will raise $20 million.
The play-to-earn (P2E) project has gained momentum quickly, rising on the GameFi narrative. Post-launch, investors can use the token to earn rewards.
GFOX will also list on centralized exchanges.
Galaxy Fox’s burn campaign will activate post-launch, reducing the total supply.
Stargate- Galaxy Fox’s staking hub- will go live, and stakers can earn yield.
The runner game will also go live, allowing for the top 20% of gamers to earn prizes exchangeable for GFOX.
Marinade optimizing SOL staking
Marinade optimizes staking on the Solana network and delegates users’ tokens to the best-performing validators, offering an APY of over 9%.
It has accrued over 10.7 million SOL and has nearly 75,000 unique users.
Experts believe that MNDE, the native token of Solana’s staking-as-a-service provider, can be explored in 2024.
MNDE rallied after it was announced that Marinade had helped stake over 10 million SOL.
Closing thoughts
Small caps have plenty of room for the upside. Bitcoin‘s recent correction might catalyze more demand for altcoins as traders rotate capital.
Ahead of the expected bull run, investors can consider accumulating small-cap altcoins like Galaxy Fox, whose presale is in progress.
Learn more about GFOX here:
Visit Galaxy Fox Presale | Join the Community
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