Cryptocurrencies boomed in recent weeks, especially $BTC which soared above $50,000 for the first time in 2 years, despite the release of a recent C.P.I.& (Consumer Price Index) that came in higher than expected, signaling a possible delay in rate cuts. This is a testament to the strength of the current bull market as investments pour into presale tokens, especially $GFOX, which is one of the most innovative tokens in the market.
Bitcoin Surges Despite Dollar Strength as Investor Interest in Galaxy Fox Presale Hits New Highs
On February 13, the U.S. Bureau of Labor Statistics released the Consumer Price Index (CPI) for January 2024, showing the rate at which prices rose in the country for that month. The CPI showed that prices rose by 3.1%, slightly lower than the rate as of December 2023 which was 3.4%. Despite January’s C.P.I. dropping slightly compared to December, according to experts, the rate was somewhat higher than the expected 2.9%.&
In response to the released CPI, the value of the U.S. Dollar increased by 0.65%, while& the price of $BTC dropped by 1.32% from& $50,358.39& to $49,692.45 within 24 hours. Yet just two days later, price was back above $50K and rallying hard towards $60K,
Amid this rally, investors are now flocking toward presale coins like Galaxy Fox, as the broader market shows strength and conditions are ideal for a token launch like $GFOX that has multiple use-cases and fits the current market narratives. For this reason, demand for the $GFOX is increasing, which is why it has already raised an incredible $3.6 million in token sales.
$GFOX has progressed to stage 8 of its presale at $0.002178, delivering 10% returns for stage 7 investors. In days to come, it will go on another rally, taking its presale price to a higher one, about 9% increase.
Aside from its remarkable presale, investors are attracted to Galaxy Fox for its unique tokenomics, which aids in the effective distribution of $GFOX across its ecosystem. With a total supply of 5 billion tokens, the platform allocates 70% of the supply for public sale, 10% to the ecosystem and another 10% to the liquidity pool, 5% for the team and lastly another 5% for competitions and prizes.
Galaxy Fox investors are also excited about the platform as it aims to revitalize the NFT landscape by creating 3000 unique NFTs. These NFTS will offer users another means of earning when they trade them in top NFT marketplaces like Opensea. The platform also plans to launch its native marketplace where NFTs can be traded right on the platform’s website.
Galaxy Fox will allow investors to stake their $GFOX tokens and then earn rewards after some time to encourage them for being loyal. The tokens used as rewards for staking are obtained from Galaxy Fox Stargate, a central hub for distributing rewards on all staked $GFOX tokens. The Galaxy Fox Stargate will always have funds because it is designed to get 2% of every transaction within the ecosystem.
Conclusion
The bullishness of the crypto market in the face of the CPI numbers is a huge vote of confidence in the strength of this current bull market. At the same time, diversification of portfolios is key, and investors are seeking tokens in presales like $GFOX which has already recorded several milestones in its ongoing presales and is set to launch in the middle of a blistering bull market.
Looking for a cryptocurrency with low risk and high reward advantage? Check out $GFOX today! Visit the website and join the telegram community for more updates.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
The post Market Ignores CPI Inflation Data as Scorching Crypto Rally Continues and Money Pours Into Presales appeared first on CoinJournal.
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