Solana dumps below $90 as investors accumulate presale coin

In the past week, Solana (SOL) fell 11% to as low as $85 before recovering towards $100. With top altcoins under pressure, investors have been turning to alternatives like Galaxy Fox (GFOX), whose presale has raised over $2.5 million.

Galaxy Fox presale status

The Galaxy Fox presale has raised over $2.5 million. 

The project offers a web3 game, NFTs, a marketplace, a staking platform, merchandise, and a token burn feature.

The web-3 runner game leverages the play-to-earn (P2E) gaming mechanism. Players must appear among the top 20% on the leaderboard to receive rewards. Once they receive in-game currencies, they can exchange them for GFOX.

To increase your chances of success, consider purchasing NFTs and attribute boosters from the GFOX marketplace. These items provide advantages and temporary speed, agility, and strength improvements. 

Additionally, holding and staking GFOX provide rewards via the Stargate module. GFOX is also deflationary, and this may support prices in the long term.

With a collection of 3,000 NFTs and physical merchandise, including collectibles and other items, the project continues to gain momentum. 

Solana recovers

After dropping below $90 last week, Solana has rebounded 11% in 24 hours back to nearly $100 as selling pressure eases. 

Analyst Ali Martinez predicts SOL could rally to $160 in the coming weeks if bullish momentum persists. 

However, the short-term outlook depends heavily on whether U.S. regulators approve a spot Bitcoin ETF.