USD Tether is the largest stable coin in the crypto world. It has been gaining wider adoption among crypto enthusiasts and recently reached $100 billion by market cap. Galaxy Fox is another outstanding cryptocurrency also showing increased adoption among investors as it nears an impressive $4 Million dollar raised in its Initial Coin Offering (ICO). Investors looking to diversify their crypto investment portfolio are advised to invest in the token before its presales ends.
Tether (USDT) Surpasses $100 Billion Market Cap for the First Time
On March 4, cryptocurrency data-tracking platform CoinGecko, reported that $USDT recently surpassed $100 Billion by market capitalization. Early that day, $USDT market capitalization stood at $100.24 billion.
Tether is the first and one of the most widely used stablecoins in the industry. It is currently available on 14 blockchains and protocols, with a more significant percentage of its supply on the Tron blockchain. Tether is also the preferred stable coin of investors buying smaller cap coins and coins that are not listed on US exchanges due to regulatory issues. This demonstrates the appetite investors have for high volatility trading pairs, and is a positive sign of a thriving global crypto market.
At the start of 2023, Tether’s market cap hovered around $66.24 billion but ended the year with $91.7 billion, marking an annual increase of 35%. The stablecoin continued to rise in market cap by breaking past the $100 billion market cap due to high demand and probably the current overall market recovery.
Because of its recent value, experts believe Tether will see steady growth throughout 2024. They also think Tether will continue dominating other stablecoins, including its closest rival $USDC, which currently has a market cap of $71 billion.
Galaxy Fox Presale Nears $4 Million Mark As Demand Increases
Among top cryptocurrencies this year that have reached noteworthy milestones, Galaxy Fox’s presale is one of the most impressive. By utilizing many profitable aspects of the cryptocurrency industry, Galaxy Fox has attracted investors who are now massively buying the token, leading to nearly an outstanding $4 million raised in its Initial Coin Offering.
One of the critical functionalities of Galaxy Fox is the Play-to-Earn (P2E) Gaming, where players can immerse themselves in a captivating web3 runner game. By being a top performer in the game, players earn rewards in $GFOX, the platform’s standard token. Galaxy Fox also seeks to elevate the gaming experience by introducing NFTs, each with unique abilities players can use to establish dominance over opponents.
Galaxy Fox plans to launch a collection of 3000 unique NFTs and a marketplace dedicated to buying and selling the Galaxy Fox NFTs and in-game attribute boosters. Anyone interested in the NFTs can get them via the Galaxy Fox official website.
Galaxy Fox has well-structured tokenomics with a total supply of 5 billion tokens. In the distribution of $GFOX tokens, 70% is allocated to the ongoing presale, the liquidity pool takes 10%, while the team takes 5%. The competitions and prizes will also take 5% of the supply, and the Galaxy Fox ecosystem will take 10%.
Galaxy Fox’s strategy of maintaining healthy cash flow within its ecosystem involves a tax fee of 6% for every buy and sell transaction on the platform. When the funds are collected, 2% will be distributed to the staking pool, 2% to the treasury, and 2% to the liquid pool.
The exact amount Galaxy Fox has raised from investors in its presale is $3.9 million. The platform will reward them with exciting investment returns of as much as 450%, depending on the presale level they joined. Investors who wish to buy $GFOX now and join the presale get it at $0.002178.
Conclusion
$USDT reaching over $100 Billion market cap shows the strength of the current crypto market, as well as the interest investors have in smaller-cap trading pairs that are more common in Tether. Same can be said of Galaxy Fox, the new innovative meme coin, which investors are already cashing out in its ongoing presales. This token has been increasing steadily in price and it is expected to outperform many top altcoins by the time it is launched on exchange platforms.
Explore the possibilities within the Galaxy Fox ecosystem by Joining the presale today. Visit the website and join the telegram community for more updates.
Learn more about $GFOX here:
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