Last week, Jupiter, Solana-based decentralized exchanges became the focal point in the crypto space after it outperformed Uniswap. In this post, we dig deeper into Jupiter’s recent success and the implications it might have for upcoming coins like $GFOX, one of the best altcoins to buy now.
What you'll learn 👉
$GFOX Launch Date Approaches
After being in the presale for 7 stages, the Galaxy Fox project has raised over $3.24 million, after selling 2.59 billion tokens. Now, stage 7 is almost over as more than 98% of the coins allocated for this stage are sold out, leaving just over 42 million $GFOX tokens for the remaining presale stages. From the look of things, the presale is likely to sell out, leading to an early launch date.
Investors are eager to start trading $GFOX live as it is not just one of the best altcoins for 2024, it is also one of the best ways to make passive income with crypto. Through the Stargate, Galaxy Fox offers staking rewards to investors who choose to lock up their tokens in the ecosystem. These loyal investors receive a proportional share of the Stargate in the form of $GFOX allowing them to make a recurring passive income.
Additionally, $GFOX is designed to keep growing, giving investors a chance to make further income without much of a hustle. For example, the $GFOX token is going for $0.00198 in stage 7 of the presale, in stage 8, the coin will now trade at $0.002178. By the time of launch, $GFOX will trade at $0.002904, a significant increase from the current price.
After launch, the token price is expected to soar, especially after listing on major exchanges. The coin is scheduled to be listed on Uniswap as soon as it launches, although the team is still in talks with other major exchanges, including centralized ones. The token burn feature, which is designed to remove a portion of the $GFOX tokens from circulation will also help the coin to increase its inherent value and continue rising after launch.
Jupiter Flips Uniswap Amid Meme Coin and Stablecoin Hype
The Jupiter decentralized exchange has caused a frenzy in the crypto market after it surpassed a volume of 4480 million in 24 hours on January 28, 2024. The surge was attributed to an increase in the hype surrounding the swapping of stablecoins and the introduction of a new meme coin known as $WEN.
$WEN is a unique token designed by Jupiter’s developers as an experiment. Solana users who have interacted with the Jupiter DEX in the past 6 months as well as those who own the Saga mobile will soon be able to claim $WEN tokens.
In addition to the excitement surrounding $WEN, investors are also looking forward to the $JUP airdrop which took place on the 31st of January. This excitement has led to Jupiter surpassing Uniswap, a popular cryptocurrency exchange on the Ethereum blockchain. According to data from CoinGecko, Jupiter surpassed the combined trading volumes of both the V2 and V3 protocols by over 10 million, totaling $480 million.
Although the $WEN fervor has played a significant role in the increase of Jupiter’s volumes, the increased trading activity of Solana-based stablecoins such as Tether (USDT), and Circle’s USD Coin (USDC). These stablecoins account for about $191 million of Jupiter’s total daily volume.
$JUP has become one of the best altcoins to buy in recent weeks. Despite its recent price drops, it is expected to skyrocket soon, bringing coins like $GFOX along with it as it heads for the moon. Head over to the $GFOX website today and begin your journey towards becoming a crypto millionaire before time runs out.
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