Demand for $BTC has increased to its highest level in two years in Argentina, as many citizens consider cryptocurrency to be the best way to preserve the value of their savings during the country’s ongoing economic turmoil. Meanwhile, $GFOX, a meme coin with multiple use cases, has revolutionized the crypto industry due to its smart tokenomics and intrinsic attributes. This meme coin also has unmatched growth potential, and many experts believe it will be one of the best altcoins ever in the crypto world.
Bitcoin Booms in Argentina as Peso Falters
The economy of Argentina has experienced major challenges over the past several years, leading to a severe decline in the country’s currency. The Argentine Peso has fallen from $0.0049 to $0.0012 in the past year alone. This decline has led many citizens of the country to buy Bitcoin, as they believe it’s one of the smartest ways to protect their money against the raging inflation in the country.
This demand for $BTC amid the declining Peso has peaked to levels unseen in over two years, and the number of investors in Argentina who bought Bitcoin has also doubled compared to the number in 2023. Bloomberg, on March 20, reported that almost 35,000 users purchased Bitcoin on Lemon Cash, a major crypto exchange in the country within a week. This number is double the weekly average the exchange recorded about the same period last year.
Similarly, other exchange platforms in the country like Ripio and Belo also experienced an increased number of $BTC purchases. As for Belo, about ten times the volume of $BTC and Ether purchased on its platform in 2023 has been recorded so far this year.
The Argentine government approved the use of cryptocurrency for transactions or payments in December 2023 under specific conditions. Since then, citizens of the country have adopted Bitcoin as their preferred payment medium.
New Meme Coin $GFOX Soars 450% in Presale, Primed for Launch
$GFOX is one of the new meme coins that have excelled remarkably since the beginning of this year. Despite the token not yet launched, it has already delivered almost 450% ROI to investors. This presale excellence has significantly increased the demand for the token as many crypto enthusiasts continue to invest massively in it. Set to launch very soon, $GFOX has been tagged the best memecoin of 2024 by several crypto analysts.
$GFOX is not just a memetoken; its ecosystem packs in a lot of features. One of these features is the play-to-earn (P2E) compatibility, which involves an exciting web3 runner game that allows players to earn passive income as they play the game. On Galaxy Fox, investors can also earn by staking their $GFOX tokens for a specific period of time.
Another compelling feature of $GFOX is its deflationary nature, which was put in place in order to reduce the number of circulating $GFOX, thereby increasing its rarity. This mechanism will enable the token to inherently increase in value as its demand grows. Galaxy Fox also supports NFT trading and features about 3000 unique NFTs, which will be mintable directly from their website. These NFTs can be traded in third-party marketplaces like OpenSea or the platform’s native marketplace.
$GFOX is in stage 10 of its presale and currently sells for $0.00364 per token, a 450% increase from its initial price of $0.0006. After this stage, the token will enter the retail market, where it is expected to continue its outstanding growth.
Conclusion
The increase in demand for cryptocurrency, especially $BTC, in Argentina, is further proof that cryptocurrencies are the future of money. Also, GFOX’s outstanding performance over the course of its presales is another testament to the fact that the token is one of the best memetokens to ever grace the crypto world.
Maximize this opportunity for making incredible gains in cryptocurrency by buying $GFOX tokens today. Visit the website today and get a 15% discount; also, join the Telegram channel for more updates.
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