TLDR:
– PEPE price is up following a market recovery, with a whale accumulating $10.4 million worth of tokens.
– Galaxy Fox (GFOX), a low-cap meme coin alternative, recently launched and is gearing up for the release of its Web3 runner game on May 11th.
– This project also offers staking opportunities and features, aiming to leverage the play-to-earn model.
The meme coin sector has experienced a notable recovery in the past week, with PEPE gaining 14% as the broader market rebounded from last week’s crash.
Bitcoin plunged to the $56,000 area but quickly bounced back to $64,000, and meme coins like PEPE, Dogecoin (DOGE), and WIF followed suit with 7-15% gains as well.
Meanwhile, Galaxy Fox (GFOX), a low-cap meme coin alternative, officially launched on Uniswap and DEXTools in April and is now gearing up for the launch of its Web3 game on May 11th.
PEPE Price Prediction and Whale Activity
At the time of writing, PEPE’s current price stands at $0.0000084, still slightly below its all-time high of $0.00001 from March. From a technical standpoint, the Relative Strength Index (RSI) is 51, indicating a neutral market condition.
Additionally, the MACD line is above the MACD signal line, suggesting potential bullish momentum. The 200-day moving average (MA) for PEPE is $0.0000031, significantly lower than the current price.
SpotOnChain, a blockchain analytics platform, reported that a whale with the address 0x1a2e64b8a1977bf018850b377020bc33eaaac3c9 withdrew another 915.85 billion PEPE tokens ($7.75 million) from Binance at an average price of $0.000008466.
This transaction, with the hash 0xe6abb464538e427deb49210c39dafd545804193cc4fddcdeb8abf7355c03c0d0, marks the second withdrawal by this whale in the past 28 hours, totaling 1.238 trillion PEPE tokens ($10.4 million) from Binance at an average price of $0.000008424.
According to SpotOnChain, the whale had previously gained $146,000 (14.2%) from an INJ trade but lost $118,000 (-8.01%) from an RNDR trade.
This whale activity and positive technical indicators suggest that PEPE could potentially continue its upward trajectory shortly and break ATH in the upcoming weeks.
Galaxy Fox Meme Coin Gears Up for Game Launch
Galaxy Fox, a meme coin alternative, had a successful presale earlier this year, raising over $5 million. It launched on Uniswap and DEXTools on April 19th but faced selling pressure, with its current market cap hovering around $1 million.
However, the past seven days have seen a 12% increase in GFOX’s price.
Staking Opportunities and tokenomics
Galaxy Fox offers staking opportunities with attractive annual percentage yields (APYs). For the first 30 days after launch, the following staking options are available:
– 30 lock days / 15% APY / No minimum / Early withdrawal penalty 15%
– 60 lock days / 20% APY / Minimum 25,000 GFOX / Early withdrawal penalty 15%
– 120 lock days / 35% APY / Minimum 50,000 GFOX / Early withdrawal penalty 15%
– 360 lock days / 60% APY / Minimum 100,000 GFOX / Early withdrawal penalty 15%
After the initial 30 days, the staking rates will be adjusted to:
– 30 lock days / 7.5% APY / No minimum / Early withdrawal penalty 15%
– 60 lock days / 10% APY / Minimum 25,000 GFOX / Early withdrawal penalty 15%
– 120 lock days / 17.5% APY / Minimum 50,000 GFOX / Early withdrawal penalty 15%
– 360 lock days / 30% APY / Minimum 100,000 GFOX / Early withdrawal penalty 15%
Galaxy Fox has implemented a deflationary tokenomics model, with a maximum supply of only 5 billion $GFOX tokens. To maintain scarcity and drive long-term value, the project periodically burns a portion of the token supply, reducing the circulating supply over time.
This approach, combined with the play-to-earn mechanics and NFT offerings, aims to create a self-sustaining ecosystem that rewards active participation and long-term holders.
Web3 Game Launch
Galaxy Fox is set to launch its Web3 runner game on May 11th, offering a play-to-earn model where players can earn rewards by navigating a character through various environments, facing challenges, and making strategic decisions to progress. Players can win in-game currencies that can be converted into $GFOX, the platform’s native token.
The top 20% of players on the leaderboard each season will receive a portion of the $GFOX prize pool, funded by transaction taxes. To enhance their chances, players can purchase attribute boosters in the form of NFTs.
<blockquote class=”twitter-tweet”><p lang=”en” dir=”ltr”>���ATTENTION INCOMING GAME TRAILER ��� <a href=”https://t.co/uQiMkWXcpx”>pic.twitter.com/uQiMkWXcpx</a></p>— Galaxy Fox (@GalaxyFoxToken) <a href=”https://twitter.com/GalaxyFoxToken/status/1774643271559487875?ref_src=twsrc%5Etfw”>April 1, 2024</a></blockquote> <script async src=”https://platform.twitter.com/widgets.js” charset=”utf-8″></script>
The Galaxy Fox team plans to expand its marketing efforts, with article advertising on various crypto media outlets. Their focus is now on the game, which could potentially have a positive impact on GFOX’s price.
As the Galaxy Fox team prepares for the game launch, they are ramping up their marketing initiatives to raise awareness and attract a broader user base. These efforts are mostly focused on article advertising on popular crypto media outlets, such as CaptainAltcoin, Blockchain Reporter, and many others.
Conclusion: PEPE’s Momentum and GFOX’s Potential
As the meme coin sector regains its momentum, PEPE’s recent whale activity and favorable technical indicators suggest a potential continuation of its upward trend.
Meanwhile, Galaxy Fox’s upcoming Web3 game launch and staking opportunities could provide a catalyst for further growth in the project’s market cap and token value.
While PEPE leads the meme coin recovery, Galaxy Fox’s approach to combining meme culture with Web3 gaming and play-to-earn mechanics might potentially position it as an intriguing project to watch in the coming weeks.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
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