The post Tether Prints $1 Billion – Major Bullish Signal as Crypto Presale Heads to $1.4 Million appeared first on Coinpedia Fintech News
Tether ($USDT), the biggest stablecoin issuer, has reportedly printed another $1 billion, adding a huge amount of capital into the market, and sending the market cap of the stablecoin to a new all-time high. Galaxy Fox ($GFOX) has similarly emerged as one of the best altcoins, and stands to benefit from this fresh capital that has entered the market.
The project has built excitement as its crypto presale smashes a remarkable milestone of $1.4 million. Read on to find out more about these compelling updates.
Tether Prints $1 Billion After Massive Profits Reported
Tether ($USDT), one of the top 5 cryptocurrencies, is in the news again today for hitting a new high and throwing gasoline onto the raging bull market. The stablecoin issuer has printed $1 billion in $USDT coins, which is a major sign of market demand as whales load up powder for their next big buying spree. Tether now has a market capitalization of $90.6 billion, the largest ever recorded in the history of the crypto market. Basically, this is the rocket fuel that will propel the market on its next rally by providing much-needed liquidity.
While the report elicited varied comments from the cryptocurrency world, it also underscores Tether’s solid business model. The news comes after Wu Blockchain announced last week that Tether had profited more than $1.1 billion, and as a new crypto presale project Galaxy Fox has positioned itself as a major gainer, crossing into the million-dollar-level of its presale.
Galaxy Fox ($GFOX) Hits $1.4 Million Presale Milestone
Every year, thousands of cryptocurrency projects launch via presale. However, only a handful managed to hit the $1 million milestone. The project has managed this accomplishment as the cryptocurrency market has shown unprecedented excitement over its new project.
Galaxy Fox has cleverly positioned itself as one of the best cryptocurrency investments due to its dual utility. The project has cleverly blended blockchain gaming with the meme culture. This means that users can benefit from the fun-filled community ecosystem while earning in the P2E ecosystem of Galaxy Fox.
The project released an exciting new play-to-earn Web3 runner game set in a virtual world dominated by smart foxes. Players will compete and conquer worlds in the immersive virtual world to gain rewards and digital assets. Top 20% finishers in contests will receive even higher awards.
These incentives include in-game items, some of the coolest NFTs, and $GFOX, the project’s ERC20 coin. These NFTs can be re-integrated into the game, powering up the players’ characters. With its well-put-together ecosystem, Galaxy Fox has emerged as one of the best ICO presales and could soon hit the $2 million milestone.
Final Thoughts
While new capital has entered the crypto market via Tether, Galaxy Fox has captured the attention of the crypto community. The project’s dual utility positions $GFOX as one of the best new crypto to buy. Currently accessible for $0.001122 per token, the rapid expansion of Galaxy Fox will cause the price of $GFOX to surge in the near future, as demand increases when it hits the open retail market. So pick this one up while it’s still in the early presale stages in order to lock in the highest returns.
Learn more about Galaxy Fox ($GFOX) here:
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