Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto can be complex and requires careful consideration. WEN rose 25% after the airdrop. Meanwhile, investors are exploring Galaxy Fox (GFOX).
WEN jumps 25%
The Solana-based meme coin, WEN, conducted an airdrop. Over a million wallets were eligible to claim 600,000 WEN.
After the event, WEN prices rallied by 25%.
Technical indicators are bullish, with the Parabolic Stop and Reverse (SAR) indicator providing substantial support at $0.0001160.
The Relative Strength Index (RSI) at 65 reinforces the uptrend.
However, the horizontal move of the RSI and the subdued inclination of the Moving Average Convergence Divergence (MACD) suggest that a cautious approach is warranted.
While WEN can reach $0.0001800, prices could also plunge to $0.0001370.
Galaxy Fox potential
Galaxy Fox has a game called GameFi integration, where players can compete in an endless runner game.
The game also has an NFT marketplace where players can buy boosters to level up the game.
The top 20% of players will receive a share of the prize pool.
Galaxy Fox also has a staking platform that rewards players through a buy/sell tax.
The platform is also releasing 3,000 original NFTs in the marketplace.
Galaxy Fox is currently in stage seven of its presale, raising over $3 million. Each GFOX is trading for $0.00198. More than 2.5 billion GFOX have been sold.
Galaxy Fox combines meme coins with play-to-earn projects.
It has a reward and taxation system complements its Web3 Endless Runner game.
Conclusion
WEN holders are hopeful of more price gains. Meanwhile, Galaxy Fox, after raising over $3 million in ongoing presale, is drawing more investors. GFOX holders expect more gains in the future.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Source: https://crypto.news/wen-jumps-25-after-airdrop-galaxy-fox-bulls-upbeat/