As Christmas approaches, investors often seek opportunities to profit and stabilize. Market analysts have now highlighted four altcoins that investors can watch in the final weeks of 2023: Galaxy Fox (GFOX), Injective (INJ), Aave (AAVE), and Quant (QNT).
Galaxy Fox potential
Galaxy Fox, a newcomer to the crypto market, has already garnered attention for its ecosystem.
At the heart of Galaxy Fox lies its web3 runner game. Weekly and monthly gaming seasons are held, with 20% of the top leaderboard players receiving 50% of the prize pool at the end of each season. This prize pool is generated from in-game asset purchases, including attributes, digital accessories, boosters, and more. The remaining 50% of the prize pool is allocated to the treasury to support the project’s ongoing growth.
Staking offers another avenue for generating income from GFOX. The team will allocate 2% of each transaction to a reward pool called Stargate. These funds will then be distributed to those who lock up their tokens for extended periods.
GFOX is also deflationary.
The total supply of GFOX is 5 billion, with 70% allocated for public sale, 10% locked in the liquidity pool, 10% dedicated to the ecosystem itself, 5% used for rewards and competitions, and the team retaining 5%.
GFOX implements a token-burning initiative to maintain token scarcity and combat inflation.
The presale is structured into ten stages, with prices rising at each phase. This approach is designed to incentivize early participation and reward loyalty.
So far, Galaxy Fox has raised over $320,000 in the presale.
Injective price analysis
Injective Protocol is a decentralized trading platform compatible with Cosmos and Ethereum.
It enables users to trade financial products globally without intermediaries, emphasizing user control over assets.
However, caution is advised when considering governance tokens tied to the parent exchange’s performance, as seen with the significant dip in BNB following recent news.
In 2023, INJ is bullish. It is trading at around $17, approaching its April 2021 all-time high of $25.
Aave overview
Aave prices have been firm.
Despite trading well behind its all-time high of over $600, AAVE is increasing and has nearly hit $100.
The Aave protocol, built on the Ethereum network, facilitates automated crypto loans.
Customers may use 20 distinct assets as collateral to borrow crypto on this platform.
AAVE, the native token of the protocol, serves as a governance token that enables the community to choose the protocol’s course collectively.
Observing Quant
Quant aims to solve the interoperability problem between different blockchain networks.
It allows for connection and operation across multiple blockchains.
However, QNT prices have been volatile, falling after retesting the $110 resistance level.
QNT trends in 2023 have been mixed and uncertain, but analysts suggest keeping an eye on it due to its market role and goals.
Summary
As Christmas approaches, many investors face the challenge of choosing the right altcoins to watch.
Galaxy Fox has reward-generating features, long-term development goals, and a presale benefiting early investors.
The presale is still in its early stages.
Learn more about GFOX here:
Visit Galaxy Fox Presale | Join the Community
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Source: https://crypto.news/galaxy-fox-injective-aave-quant-which-will-outperform-the-market-this-christmas/