Veröffentlicht am

Top of the Swaps – Which ‘Swap’ is the Best DEX Coin? Can it Compete with $GFOX?

Over time, Decentralized Exchanges (DEXs) have expanded due to their ability to provide users complete ownership over digital assets. Nonetheless, a lot of DEXs have native tokens just as centralized exchanges. 

As a result, some of the most popular DEX coins that have ranked among the best cryptocurrency investment opportunities are Uniswap, PancakeSwap, and dYdx. However, how well do they stack up against the emerging Galaxy Fox ($GFOX)?

>>BUY $GFOX TOKENS<<

Galaxy Fox ($GFOX) Has Been Predicted To Outperform the Crypto Market

The cryptocurrency market has entered another bull cycle. Where analysts have predicted price growth across the board, Galaxy Fox ($GFOX) has been picked as a coin to watch. The project has been predicted to outperform the rest of the crypto market because of its uniqueness.

Galaxy Fox wants to establish its blockchain game as the best way to earn passive income with cryptocurrency in 2023. Like in other blockchain P2E games, players will earn rewards as they progress in this intergalactic world. In addition to this, there is a leaderboard within the virtual world of Galaxy Fox.

For sustainability, the project has put forward a unique reward concept where 50% of the money made from the transaction fees is sent to a fund. Players who place in the top 20% of the Galaxy Fox game will receive a reward from this fund. All rewards earned within the game can be sold for cash within the in-ecosystem marketplace of Galaxy Fox. In addition, the project also supports the staking of its $GFOX tokens. 

Analysts have ranked $GFOX as one of the best cryptocurrency investments among new crypto ICOs for 2023 because of its unique blend of meme coins and blockchain gaming. As the project grows in the bull market, the token could see up to a 100x price rise.

>>BUY $GFOX TOKENS<<

Can the Top Swap Coins Keep Up With Galaxy Fox?

Although the use of DEXs has increased since the 2022 collapse of some top CEXs, their coins have underperformed. Some experts have linked this to the limited liquidity and slower transaction times of DEXs. 

As the leading DEXs, Uniswap ($UNI) and PancakeSwap ($CAKE) were once ranked among the best cryptocurrency investment options. However, they have struggled in 2023. The price of $CAKE has dropped by almost 40% since the start of 2023. 

On the other hand, $UNI has gained just 1.4% year-to-date. This has been considered an underwhelming performance given that the crypto market has climbed by more than 110% YTD. Aave has performed better than the other two top DEX coins. 

The Aave crypto has gained more than 80% YTD. While these are solid gains, they do not compare to the potential 100x price explosion that has been projected for $GFOX. 

At the moment, $GFOX is valued at $0.00066 and is in the first phase of its crypto presale, making now the best time to join the project. So don’t hesitate, check out their presale now by clicking the links below. 

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

The post Top of the Swaps – Which ‘Swap’ is the Best DEX Coin? Can it Compete with $GFOX? appeared first on CoinJournal.

Veröffentlicht am

Crypto token outlook this week: Vertex Protocol (VRTX)

  • Vertex Protocol (VRTX), the decentralised exchange (DEX) on Arbitrum, is seeing increased volumes for spot and perpetuals.
  • VRTX price was 33% up in 24 hours, hitting $0.44 and 89% up from $0.22 on November 22.
  • Total value locked (TVL) has reached $32 million.

Most altcoins are trading at near year-to-date highs after mirroring Bitcoin’s march to its highest price in 18 months – the spike to above $38k.

With the overall market outlook remaining bullish, analysts are pointing to a potential upward continuation for BTC.

Here is what to know about Vertex Protocol (VRTX) going into next week.

Vertex (VRTX)

The Vertex Protocol is a decentralized exchange (DEX) on Arbitrum that offers spot, perpetuals and money markets. The hybrid orderbook-automated money maker DEX has seen increased volume in the past few days, with its 24 hour trading volume surpassing dYdX as top volume DEX for perpetuals.

Vertex Protocol TVL and price

With users incentivized via the recently launched Arbitrum (ARB) incentives program, trading volumes are likely to continue surging. The ARB incentives week 2 saw over 210,000 ARB tokens distributed to traders last week.

The claim for the tokens is live, adding to the incentive that earn traders VRTX via the Vertex Protocol’s Trade & Earn program. Users are thus poised to earn rewards on trading fees, with a maximum of 75% of taker fees. VRTX liquid staking allows holders to stake VRTX to generate voVRTX and earn rewards.

According to DeFiLlama, a total of $32 million has been staked on the Vertex chain, with $566 million in derivatives volumes recorded in the past 24 hours. 

VRTX is currently listed on crypto exchanges such as Bybit, Bitget, and Gate.io. Data from CoinGecko shows the VRTX price is up 34% in the past 24 hours and reached a high of $0.44. VRTX/USD is currently trading at $0.42, up 89% from its lows of $0.22 on November 22.

The post Crypto token outlook this week: Vertex Protocol (VRTX) appeared first on CoinJournal.

Veröffentlicht am

Web3 gaming and AI project SIDUS burns 6.8B tokens, price skyrockets

  • SIDUS price skyrockets as project burns 6.8 billion tokens.
  • The Web3 gaming and AI project has seen the price of its native utility token jump 40% in the past 24 hours.
  • Buying pressure for SIDUS has pushed it to its highest level since May 2022.

Sidus (SIDUS) price has risen sharply in the past few days, rising to its highest level since May 2022. This comes after the SIDUS HEROES team announced they had burned a staggering 6.8 billion of the native utility token’s supply.

The announcement on Friday revealed the 6.8 billion SIDUS tokens, accounting for 23.13% of the total supply. These tokens have permanently been removed from circulation, cutting total supply to about 22.6 billion.

Buying pressure for SIDUS rose after this reduction in supply. Sidus (SIDUS) currently has a market cap of $140 million, with a circulating supply of 17.5 billion SIDUS tokens.

What is SIDUS?

Sidus is a space-based gaming, metaverse and Web3 platform powered by AI technology and blockchain. Its SIDUS HEROES ecosystem offers play-to-earn gaming and non-fungible tokens (NFTs) and features a dual token system.

SIDUS is the utility token of the SIDUS HEROES ecosystem, while the governance token is SENATE, which users need to participate in project development and decision-making votes. SIDUS is central to the SIDUS HEROES’ metaverse, both for in-game and out-of-game functionalities, including marketplace transactions.

SIDUS price up 780% in a month

Sidus (SIDUS) is one of the biggest gainers in the past 24 hours, trading more than 40% up as its price reached highs of $0.0078. With a daily trading volume of over $9 million in the period, it’s a performance that brings cumulative gains over the past 30 days to +780%.

SIDUS reached an all-time above $0.19 in January 2022, but lost nearly 95% of that as the bear market took a toll. Despite a broader market recovery, the token remained largely down until an uptick in community (which is now above 27k holders) in recent weeks.

Apart from the token burn, another catalyst to the price surge could be the project’s growing list of partners. Just recently, the team shared its list of business partners and investors that includes Animoca Brands, Polygon, OKX Ventures and Hashkey Capital. YouTuber Mr. Beast is also a partner.

The post Web3 gaming and AI project SIDUS burns 6.8B tokens, price skyrockets appeared first on CoinJournal.