Why is Manta Pumping? And How Did This New Memecoin Score Top ICO of 2024?

Crypto enthusiasts are impressed by how $MANTA, a newly launched cryptocurrency, has generated substantial profits so quickly. Also intriguing is how $GFOX, another innovative token broke presale records and drew significant attention to the exciting features within its ecosystem. For this reason, many have ranked $GFOX as the top ICO of 2024. 

$MANTA Token Reaches All-Time High Following Airdrop and Binance Listing

$MANTA is the native token for the Manta Network, a web3 platform and a significant player in Decentralized Applications (DApps). The platform launched its token recently with 1 billion $MANTA supplied, and since then, it has seen impressive price increases and milestones.

Crypto index CoinMarketCap began tracking the price of $MANTA on January 24, with the token trading at $2.26 at the time. By January 28, it managed to reach $3.38 – an increase of almost 50%.

Analysts believe several developments around the Manta network and its token were responsible for the significant price increase. One of them includes the airdrop the cryptocurrency conducted for its early supporters. 

Aside from the price rise, the airdrop also caused  $MANTA’s trading volume to increase by 110% within 24 hours. Because of this rise, $MANTA became the tenth most traded token globally. Also, it became the third-largest Layer-2 (L2) network with a 7% market share.  

Another development that triggered the hike in the price of $MANTA was its listing on Binance. According to reports, Binance did not only list the token but also actively promoted it as part of its launch pool. Binance also permitted users to take their $BNB and FDUSD tokens to farm $MANTA, a decision that also significantly fuelled an increase in the price of the token.

Looking into the future of $MANTA, experts believe that the altcoin will continue to rise, potentially achieving another peak value of almost $6 sometime this year.

$GFOX: The Unprecedented Rise of a Memecoin

After $MANTA, $GFOX is another cryptocurrency that has impressed investors so far. While other ICOs may take considerable time to progress in their presale, $GFOX transitioned from stage to stage in quick succession. The token’s current presale price is  $0.000198, and  in a matter of days, it will break into a new presale stage, selling at a higher price to the benefit of early investors.

One of the reasons Galaxy Fox has been successful is how it aspires to level up with memecoin giants like $DOGE and $SHIB. The memecoin also distinguishes itself from other cryptocurrencies by offering an interesting web3 game within its ecosystem. In this game, players win $GFOX tokens as rewards, depending on their performance. To enhance competitiveness and fun, players who made it to top 20% each season are also rewarded handsomely with $GFOX tokens.

Staking is another way Galaxy Fox rewards investors for holding their tokens. The rewards come from the platform’s central hub for distributing rewards called Galaxy Fox Stargate. Ensuring that Galaxy Fox Stargate does not run out of rewards, it is refilled by an automatic addition of  2% of every transaction made within the platform. 

The total number of $GFOX tokens in the Galaxy Fox’s ecosystem is 5 billion, and a significant share of it goes to the platform’s presale stage. The remaining tokens are allocated to the team, liquidity pool, ecosystem, and lastly the competitions and prizes to be won.

Conclusion

The fast success of both $MANTA and $GFOX reflect the vibrancy of their ecosystems, generating significant hype within the industry, as well as from investors. While the results of the effort are now paying off, it’s safe to say that now is the right time to invest.

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