Sui soaring despite bearish market conditions, new presale targets $4m

Although the cryptocurrency market has experienced some downturns lately, some tokens have performed well. For instance, SUI, the native token of the Sui network, has surged by 62% despite the bearish market conditions. Moreover, Galaxy Fox (GFOX), a meme coin, is targeting $4 million in ongoing presale.

SUI soaring

Despite the general bear run, SUI is resilient, surging by 62%.

This growth is attributed to increasing on-chain activity and adoption.

The network’s defi total value locked (TVL) exceeds $350 million.

This rapid growth has placed Sui among the top 15 blockchain networks by TVL, indicating the expanding real-world utility and value flowing through the network’s defi protocols.

Accordingly, this fundamental growth and Sui’s unique object-centric architecture optimized for speed and scalability may support SUI in the future. 

Galaxy Fox presale targets

The Galaxy Fox token presale has raised over $3 million so far.

The project aims to leverage interest in decentralized finance and non-fungible tokens. It plans to launch a blockchain game and non-fungible token marketplace. 

The native token, GFOX, will be used for staking rewards and in-game incentives. 

Galaxy Fox also offers branded physical merchandise for purchase. 

The project seeks to connect the digital and physical worlds. 

Its success in fundraising underscores community excitement, though the token has yet to launch on exchanges.

Conclusion

Investors are examining Galaxy Fox in the ongoing presale. The platform is attracting users due to its approach and focus on community engagement. In the next presale round, GFOX will be available for $0.002178.