Reddit went public and has soared since its IPO price of $34. All the hope for a future valuation lies in using its vast stores of user-contributed data to train artificial language models. On-chain degens wasted no time, and Reddit Coin($RDDT) soared 70% on Reddit IPO.
Memecoins allow anyone to speculate on anything and honestly reflect the hyper-efficient nature of markets. Reddit’s IPO breathed new life into an old memecoin, but market participants should focus on fresh launches. Galaxy Fox ($GFOX) in presale final stage and is already among the top 5 cryptos to buy now. The second leg of memecoin mania promises to be intense, and the clock is already ticking.
What you'll learn 👉
Reddit ($RDDT) Soars 70% At Reddit IPO News
Reddit Coin soared a massive 70% during the Reddit IPO, and one of the world’s most visited websites has finally gone public. Reddit stock was priced at $34 during its IPO and rallied well above $50 shortly after.
The underlying business model is Reddit’s plan to lease user data to train artificial intelligence language models, and TradFi is currently red hot for anything AI-related. The irony here, though, is that Reddit Coin isn’t actually associated with Reddit. Like $MAGA coin, it’s just a fanboy version of a memecoin, basically.
The Reddit Coin has been live for nearly ten months, and headlines drive attention, which drives price appreciation. This rally is likely a flash in the pan unless Reddit’s stock performs exceptionally well. It serves as an excellent lesson for investing in crypto for beginners: news cycles drive prices in the bull market. And in fact, the pump didn’t last long – a giant red engulfing candle soon wiped away most of the gains the coin made following the IPO news.
Interestingly, Reddit’s IPO has been one of the most successful this year and hints that animal spirits are returning. This is excellent news for anybody holding risk assets; naturally, cryptos will be the leading performers. Now, the race is on among on-chain investors to find the top 5 cryptos to buy now, and Galaxy Fox is leading the race.
Galaxy Fox ($GFOX) Enters Final Presale Stage
Galaxy Fox has entered its final presale stage and will soon enjoy its retail launch. Its mammoth success in presale funding points to a bumper price discovery phase. Sailing past $5.2 million in several weeks shows investors voting with their dollars on this project’s future, and Galaxy Fox has all the right characteristics to excel in the current conditions.
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Show more +Entering a memecoin presale during memecoin mania is a great value proposition. Galaxy Fox’s hybrid nature sweetens the deal, and now investors can enjoy the typical memecoin upside while gaining exposure to the GameFi narrative. This Web3 runner game, located at the center of this ecosystem, lets players compete worldwide and rewards the top 20% of the leaderboard at the end of the season.
However, the driving force pushing Galaxy Fox to new heights is its tokenomics model. Introducing staking rewards is a massive step forward, and now token holders can earn passive income in the Stargate module. The introduction of the token burn and the taxation system turns $GFOX into a top crypto to invest in. Staking payouts correlate with ecosystem growth, and investors are earning native yield on a deflationary asset. This small-cap is ready to soar at launch.
Closing Thoughts: Window of Opportunity Closing
Crypto never misses an opportunity to speculate on recent events, and Reddit Coin’s 70% surge is a great example. Investors are ready for memecoin exposure, and the clock is ticking for the second bout of memecoin mania. Do not be late.
Galaxy Fox is dominating and deserves its spot in the top 5 cryptos to buy now. Still grossly undervalued, this small cap is ready to print massive returns for early buyers. Join this exciting journey today before the window of opportunity closes.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
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