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Tron resilient amid bearish conditions, over 90% of GFOX sold in presale

Partner Content
Tron resilient amid bearish conditions, over 90% of GFOX sold in presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Crypto investors were thrilled by the approval of 11 spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC) in January. However, the market responded negatively, crashing by its margin this year. Despite the market downturn, Tron (TRX) remains stable. Another notable trend during this period was the emergence of the new presale, Galaxy Fox (GFOX). 

Tron holds steady

While many popular cryptocurrencies sold off, Tron is relatively stable. 

The only altcoin in the green territory is Tron, looking at the weekly, monthly, and annual charts. In contrast, other cryptocurrencies like Ethereum and Bitcoin have seen double-digit losses.

Thus far, the immediate support is at $0.010, but TRX may reach $0.150 and $0.200 if buyers press on.

Galaxy Fox’s upward momentum continues

Despite the current bear market, Galaxy Fox is firm. 

Over 90% of allocated GFOX have been sold in the ongoing presale, helping the project raise over $2.94 million.

GFOX is a meme coin and a play-to-earn (P2E) gaming token in the broader Galaxy Fox ecosystem. 

Its Web3 infinite runner game offers players a unique gaming experience, rewarding them with GFOX based on their performance.

Galaxy Fox also features a collection of NFTs that provide players with in-game enhancements. 

These NFTs can be minted and traded on platforms like OpenSea.

So far, GFOX prices have increased from $0.00066 to $0.00198 at the current presale stage.

Closing thoughts

Tron is resilient and may surge if buyers take over in 2024. Meanwhile, Galaxy Fox is gaining traction due to its unique features and growth potential. GFOX is presently changing hands at $0.00198.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.