Tether ($USDT), the largest stablecoin issuer, has reportedly printed another $1 billion, adding a huge amount of capital to the market and propelling the stablecoin market cap to a new all-time high. Galaxy Fox ($GFOX) has also become one of the top altcoins and is expected to benefit from this new capital entering the market.
The project has generated excitement as its crypto presale hits a remarkable milestone of $1.4 million. Read on to learn more about these exciting updates.
Tether Prints $1 Billion After Reporting Massive Profits
Tether ($USDT), one of the top five cryptocurrencies, is in the news again today for hitting a new high and throwing gasoline on the raging bull market. The stablecoin issuer has printed $1 billion in $USDT coins, which is a major sign of market demand as whales load up on powder for their next big buying spree. Tether now has a market capitalization of $90.6 billion, the largest ever in the history of the crypto market. Basically, this is the rocket fuel that will propel the market through its next rally by providing much-needed liquidity.
While the report sparked varied commentary from the cryptocurrency world, it also highlights Tether’s strong business model. The news comes later Wu Blockchain announced Last week, Tether had profited over $1.1 billion, and as a new cryptocurrency pre-sale project, Galaxy Fox positioned itself as a major winner, crossing the million-dollar level of its presale.
Galaxy Fox ($GFOX) hits $1.4 million presale milestone
Every year, thousands of cryptocurrency projects are launched for pre-sale. However, only a handful of them have managed to reach the million dollar milestone. The project achieved this feat as the cryptocurrency market showed unprecedented enthusiasm for its new project.
Galaxy Fox has smartly positioned itself as one of the best cryptocurrency investments due to its dual utility. The project cleverly mixed blockchain gaming with meme culture. This means that users can benefit from the fun community ecosystem while earning money in Galaxy Fox’s P2E ecosystem.
The project has released an exciting new Web3 racing game to win, set in a virtual world dominated by intelligent foxes. Players will compete and conquer worlds in the immersive virtual world to earn rewards and digital assets. The top 20% of competition finalists will receive even higher rewards.
These incentives include in-game items, some of the coolest NFTs, and $GFOX, the project’s ERC20 coin. These NFTs can be added back into the game, strengthening player characters. Thanks to its well-structured ecosystem, Galaxy Fox has established itself as one of the best ICO presales and could soon cross the $2 million mark.
As new capital entered the cryptocurrency market via Tether, Galaxy Fox attracted the attention of the crypto community. The dual utility of the project positions $GFOX as one of the best new cryptocurrencies to buy. Currently priced at $0.001122 per token, Galaxy Fox’s rapid expansion will cause the price of $GFOX to rise in the near future as demand increases when it hits the open retail market. So pick this one up while it’s still in the early pre-sale stages in order to get the highest returns.
Learn more about Galaxy Fox ($GFOX) here: