A.I tokens in the crypto world have been booming significantly in the past few weeks, with $WLD, one of the top A.I tokens leading the pack with significant gains. However, $WLD has recently dipped by approximately 20% in a move crypto analysts have said it’s a preparation for another bullish momentum as the hype around A.I tokens is not dwindling soon. On the other hand, $GFOX has been rallying up ever since its presale started. It is also drawing attention from investors of other top altcoins as it nears the $5 Million mark in presale.
WLD Sinks 20%; Experts Still Anticipate a $10 Price
On February 19, 2024, $WLD, the standard token for WorldCoin, traded at $7.97. However, it dipped by a little above 20% to $6.07, raising doubt among crypto enthusiasts, about the prospects of A.I tokens.
Santiment, a platform that tracks on-chain data and social metrics of cryptocurrencies, revealed the impact of this dip among crypto enthusiasts by showing a significant decline in the number of people talking about $WLD on social media like X formerly twitter.
The platform also tracked a sudden rise in the number of people selling $WLD. This indicates that investors are locking in their profits on $WLD and leaving the market. This increased selling activities also contributed to the token pull back.
Despite this drop in the value of $WLD, experts still hold positive sentiments that the token will rally up again. Furthermore, they predicted $WLD to potentially reach $10 in the coming weeks.
Galaxy Fox Presale Thrives as Features Attract Investors Beyond Hype
Galaxy Fox, though a memecoin yet to launch, is still bringing surprises into the industry as it edges towards another milestone, which is to raise an incredible $5 million in its ongoing presale. The platform has many attractive features and has strong potential to gain significantly, rendering investors the best returns in cryptocurrency investment.
In the Play-to-earn (P2E) feature, Galaxy runs an interesting web3 runner game where participants can earn $GFOX based on their performance. The platform also allows participants to purchase Galaxy Fox NFTs, which can enhance the competitiveness of their gameplay.
NFT lovers will find Galaxy Fox intriguing, as it plans to launch an NFT marketplace where users trade their Galaxy Fox NFTs. Moreover, over 3000 unique NFTs can be minted directly on the platform and can also be traded on popular NFT marketplaces like OpenSea.
As for investors who wish to hold their $GFOX token long-term, the platform plans to implement a staking mechanism to reward them for their loyalty. When holders stake their $GFOX tokens, they get rewarded with a fraction of the value of each transaction within the platform. These rewards are usually reserved in the Galaxy Fox Stargate, the platform’s central hub for distributing rewards for staked tokens.
Investors are also drawn to Galaxy Fox for the deflationary nature of its token, it’s a mechanism whereby some portion of circulating $GFOX is removed strategically from circulation thereby increasing the value of the token by increasing its scarcity. The platform also has a treasury for reserving funds that will be used to support the platform’s upcoming projects and initiatives. The treasury will be run as an open book so stakeholders can see how the funds are utilized.
Conclusion
Despite $WLD’s recent drop, it remains an altcoin to buy as experts expect it to continue its upward momentum, possibly reaching $10 in coming weeks. But $GFOX remains investors’ favorite for its groundbreaking features and thriving presale, where it is about to raise an incredible $5 million.
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