The cryptocurrency market recently saw an interesting twist as attention turned to GameFi tokens. A few tokens, namely $APE, $RON, $MAVIA, and $GFOX truly stood out. $APE rose by 20% following the decision to adopt Arbitrum scaling solution, $RON climbed by 27% as its staking activity grew, and $MAVIA hit a new all-time high.
Meanwhile, investors flocked to $GFOX presale. Thanks to its explosive rise, and its ongoing presale success, the token has now surpassed the $3.5 million mark in token sales.
What you'll learn 👉
ApeCoin Chooses Arbitrum Scaling Solution, Price Jumps 20%
Amidst the growing popularity of GameFi tokens, $APE witnessed a significant uptick in its price. This was fueled by the news that the ApeCoin DAO, the community governing the APE token, has voted in support of Arbitrum’s layer 2 scaling solution to build ApeChain, the dedicated blockchain for Bored Ape Yacht Club (BAYC).
This decision came after two years since Yuga Labs, the creator of the popular Bored Ape Yacht Club (BAYC) NFT collection initiated the process.
Scaling networks offer the potential to drastically reduce transaction costs and increase speeds on the blockchain. This is crucial for supporting large-scale crypto applications and transactions, making the Arbitrum integration a promising step for the ApeCoin ecosystem. As a result of these developments, $APE enjoyed impressive gains and is currently up by over 20% compared to its price a week ago.
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Show more +Ronin Network Staking Participation Grows, $RON Price Pumps 27%
Ronin Network introduced a RON/PIXEL liquidity pool on Katana DEX, its decentralized exchange. This enables seamless swaps between $RON and $PIXEL tokens. It also brings more juicy rewards for liquidity providers. Presently, over 35,000 delegators have staked a total of 189 million $RON.
The increased activity on Ronin has propelled $RON’s price from $2.656 on February 12th to $3.394 on February 19th, representing a rise of 27%. These positive developments further solidify Ronin’s position as a thriving DeFi ecosystem, and has brought increased utility to the Ronin network and offers users more opportunities to earn.
$MAVIA Token Pumps 440% in Record-Setting Surge
Amidst the significant surge in the acceptance of crypto games and the recent hype around GameFi tokens, Heroes of Mavia is becoming highly sought-after. The recently launched cryptocurrency token for the project, $MAVIA, has grown as interest in the fantasy game increased.
Players can explore the magical island of Mavia in Skrice Studios’ Heroes of Mavia, competing for supremacy as they gather the in-game asset RUBY. Also, NFTs for items like skins, statues, and consumables have a market value.
On February 6, 2024, Heroes of Mavia introduced $MAVIA. The launch witnessed one of the biggest airdrops in the Web3 gaming industry. A major factor in the momentum of $MAVIA has been its listing on popular cryptocurrency exchanges like Crypto.com, Bybit, Gate.io, HTX, and KuCoin. The price of $MAVIA surged to an all-time high of more than $10 on February 18.
Investors Flock to Galaxy Fox, Presale Crosses $3.5 Million Milestone
Galaxy Fox is an innovative blockchain platform that is revolutionizing the GameFi ecosystem by optimizing the entertainment and financial benefits of Play-to-earn gaming in the crypto world.
$GFOX is the native token of the Galaxy Fox ecosystem. It offers holders access to an exciting runner game and unique NFTs. Interest has ramped up since Galaxy Fox launched its presale which has now crossed the $3.5 million milestone.
The token is currently in stage 8 of its presale and sells for just $0.002178 per token. Over 92% of the tokens allocated for this stage are sold already and in just a few days, the presale is expected to proceed to stage 9 where its price will increase by almost 10% to 0.002376.
So far throughout the course of its presale, $GFOX has delivered over 220% ROI for investors who have invested in the token since stage 1, at the end of the presale stages, it is expected to have delivered over 450% ROI for those investors.
Conclusion
$APE, $RON, and $MAVIA have recently enjoyed significant uptrends as the crypto world shifted focus to GameFi and they are expected to trend higher. Nevertheless, $GFOX is one of the best tokens to invest in right now, it recently surpassed the $3.5 million mark in presale, cementing its place as a major participant in the GameFi industry.
With a current price of just $0.002178, this is a great entry point, given its potential for an explosive price increase after it eventually launches on exchange platforms.
There’s a 15% discount if you join the Galaxy Fox ecosystem today! Visit the website and join the telegram community for latest updates.
Learn more about $GFOX here:
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