GameFi coins have redefined the utility of cryptocurrencies. Before GameFi coins, cryptocurrency was a form of investment and primary transactional exchange between users. Thankfully, the utility potential of crypto has come to light with popular currencies like $RON and $GFOX integrating games, rewards, and community packages into the crypto platform.
In the past week, $GFOX maintained steady sales and its presale price, while $RON experienced a price slash of almost 20%. This got investors asking if this was an opportunity to buy the dip and wait or find another profitable alternative.
What you'll learn 👉
What is $RON?
Ronin ($RON) is one of the top 100 coins on Binance. The coin has a market cap of $765 million, and over 295 million of its 1 billion tokens are in circulation. The coin’s success since its launch in February 2021 can be attributed to its ownership history.
Ronin is an EVM blockchain designed to provide its users with premium games. It was launched by Sky Mavis, the same creator of Axie Infinity; hence, it’s no surprise that the blockchain can accommodate billions in NFT volume. Despite its offerings, the platform only demands meager fees.
$RON enables users to fund network transactions, further securing the platform. This coin also permits holders to stake the token and participate in the ecosystem’s decision-making process.
Over the past 3 years, Ronin Blockchain has upgraded its network to Delegated Proof of Stake (DPoS). The platform has also introduced games like Tribes, Directive Games, and Bowled.io to improve users’ gaming experience.
The icing is $ RON’s availability on decentralized and centralized exchanges. These include Binance, Katana, and OKX.
Is $RON’s Price Dip a Good Opportunity to Buy?
As of February 10, the price of Ronin stood at $2.585988, a 5.56% increase within 24 hours after the news of its 20% price cut was circulated in crypto spaces. This is unsurprising, as $RON has had quite a price run in the last few years. The coin’s all-time high was $4.29 in January 2022. On the other hand, its lowest price since its launch is $0.1966 in November 2022. Its current price is about 1200% higher than this all-time low, a clear indication of steady price appreciation.
In the past month, $RON has had 19 green days. Historical data shows a 63% Green Day chart points towards a profitable investment. With a track record of a 234% increase for the year, technical analysts indicate that current market sentiment for $RON is highly bullish.
Any Investment Alternatives to $RON?
Galaxy Fox ($GFOX) presents an excellent alternative to $RON. While the tokens may have similar features, there’s a wide disparity in their prices. $RON is about 1000x $GFOX’s price, which means with the same value of investment on both tokens, $GFOX has a higher profit potential.
$GFOX is currently in its presale phase, but it’s already garnered public attention because of its impressive price performance and promising prospects. Despite its $0.00198 per token price, the meme coin has made over $3.2 million in sales.
$GFOX was launched in 2023 as a meme coin with play-to-earn (P2E) features. The coin’s uniqueness extends to its hybrid tokenomics model, which includes token burning to permanently remove tokens from circulation, making $GFOX a deflationary asset with increasing scarcity and demand, consequently impacting its current price.
$GFOX also supports a taxation system with operational mechanisms and payouts. The coin’s Web3 Endless Runner game allows players to earn GFOX tokens based on their performance. Each season, the top 20% of players will also be rewarded with $GFOX tokens, which they can use to purchase NFT assets and other in-game boosters.
$GFOX has been labeled a community coin for evident reasons. Its ecosystem is built on a community of loyal participants across social media platforms, and to ensure the community’s growth, a fraction of every $GFOX transaction is allocated to the Galaxy Fox Stargate. This percentage is designated to the token’s treasury for community development and initiatives.
Ronin’s influence in the Web3 gaming community over the last 3 years can not be overemphasized. The coin has provided a secure and efficient blockchain token for a premium gaming experience and swift NFT transactions. $RON has also shown the possibility of an all-inclusive crypto coin by allowing token holders to participate in the ecosystem’s decision-making process. However, its current price of $2.585988 may not be beginner-friendly.
$GFOX is currently $0.00198, over 1000% less than $RON, with about the same games and reward mechanism for players and holders. This means you can get $GFOX at a cheaper price and still enjoy all the premium offers of $RON. Galaxy Fox is currently 98.94% sold at its presale price; there is no better time to buy than now.
Learn more about $GFOX here:
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A unique play-to-earn gaming platform in the memecoin market
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NFT Integration with Prominent Characters