Altcoins Show Strength Despite Bitcoin Correction
Bitcoin’s recent correction has not hindered the rise of altcoins. While BTC has slowed down, Solana’s staking pool token Marinade (MNDE) has surged by 150% in just 24 hours. In addition, the Galaxy Fox presale has already raised over $850,000 and is expected to reach $20 million.
Galaxy Fox Presale Approaches $1 Million
The ongoing presale of Galaxy Fox has already raised over $850,000, with experts predicting it will eventually reach $20 million. This play-to-earn (P2E) project has gained significant momentum in the GameFi sector. Once launched, investors can use the token to earn rewards, and it will also be listed on centralized exchanges. Galaxy Fox’s burn campaign will reduce the total supply post-launch, and its staking hub, Stargate, will enable users to earn yield. Additionally, a runner game will allow the top 20% of gamers to win prizes exchangeable for GFOX tokens.
Marinade Optimizes Solana Staking
Marinade is a platform that optimizes staking on the Solana network by delegating users’ tokens to the best-performing validators. It offers an APY of over 9% and has accumulated over 10.7 million SOL with nearly 75,000 unique users. Experts believe that MNDE, the native token of Marinade, has significant potential and can be explored in 2024. The announcement of Marinade helping stake over 10 million SOL led to a rally in MNDE’s price.
Closing Thoughts: Small Caps Have Upside Potential
Despite Bitcoin’s correction, there is still room for altcoins to thrive. Traders may rotate their capital towards small-cap altcoins, especially with the anticipated bull run. Galaxy Fox’s presale is currently ongoing, making it an attractive option for investors. Consider accumulating small-cap altcoins and conduct your own research before making any investment decisions.
Hot Take: Altcoins Remain Resilient as Bitcoin Corrects
Altcoins continue to demonstrate strength even as Bitcoin experiences a correction. This resilience can be seen in the performance of tokens like Marinade and the success of projects like Galaxy Fox. While Bitcoin’s slowdown may prompt traders to explore alternative cryptocurrencies, it is essential to carefully evaluate investment opportunities and conduct thorough research before making any decisions.
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