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November was a bullish month for most of the crypto market. Excitement about the approval of a spot Bitcoin ETF caused many cryptos to record significant gains.
In an unexpected twist, many altcoins posted double-digit gains. However, other top competitors like Galaxy Fox ($GFOX) recorded significant gains as it entered the second stage of its crypto presale.
Supporters of Galaxy Fox (GFOX) can take part in pre-sale and buy tokens here.
Pepe Coin (PEPE) struggles with selling pressure
Since Pepe (PEPE) peaked at $0.00000431 in May, the meme coin has been on a decline. While the crypto market ended November with a double-digit, the price of Pepe has been on a decline.
In November, PEPE lost 8% of its price, dropping to a low of $0.000001058. Although Pepe was ranked as one of the best meme coins to buy in 2023, it has gradually lost its appeal over the last few months.
The Axie Infinity (AXS) community waiting for the updates
Another altcoin that has struggled in 2023 is Axie Infinity (AXS). The altcoin has failed to benefit from the bullish sentiment of the broader crypto market.
Year-to-date, the Axie Infinity price has dropped by 1%. Meanwhile, the broader crypto market has gained more than 100%. This bearish performance has continued into November, with $AXS dropping from $7.35 to $6.30.
The price drop has been linked to the sanctions imposed by the U.S. Treasury on Sinbad linked to the Axie Infinity hack laundering. Despite this, the team has continued to make moves to improve the performance of AXS.
Axie Infinity recently launched an NFT monetization solution and official merchandise for the marketplace.
Galaxy Fox (GFOX) Enters Second Crypto Presale Stage
Galaxy Fox (GFOX) has enjoyed more bullish momentum than many altcoins. The price of GFOX increased by 33%, from $0.00066 to $0.0008778, during the recent crypto market's upswing.
A spike in interest in the project fueled the rise in the token's price. Early backers of Galaxy Fox have already invested almost $500,000, demonstrating their strong belief in the project.
Galaxy Fox has created a unique ecology by skillfully fusing meme culture with play-to-earn mechanisms. It has produced an exciting game where players assume the role of foxes and embark on cosmic adventures.
Players receive rewards for finishing tasks and dominating galaxies within the virtual world. Players who can rank in the top 20% at the end of each weekly and monthly campaign earn even more rewards. These rewards can be converted to cash within the in-game ecosystem.
The excitement and earning potential of Galaxy Fox have set it apart from the competition. Given the projections for Galaxy Fox, its current price at $0.0008778 might be an interesting opportunity to stack the token.
Arman Shirinyan
Alex Dovbnya
