The post How Galaxy Fox and ApeCoin are Redefining the P2E Landscape appeared first on Coinpedia Fintech News Play-to-earn gaming tokens experienced a resurgence in the recent crypto market rally. Two P2E projects that have capitalized on this potential growth are Galaxy Fox ($GF...
The post How Galaxy Fox and ApeCoin are Redefining the P2E Landscape appeared first on Coinpedia Fintech News
Play-to-earn gaming tokens experienced a resurgence in the recent crypto market rally. Two P2E projects that have capitalized on this potential growth are Galaxy Fox ($GFOX) and ApeCoin ($APE). Ranked as some of the best cheap cryptos to buy right now, this article examines the reasons why you should consider $APE and $GFOX.
What is ApeCoin ($APE)?
ApeCoin ($APE) is an Ethereum-based meme coin created by the ApeCoin DAO. It is also the native token of the ApeCoin ecosystem and has several uses on the ApeCoin platform. ApeCoin can be used for payments and purchases on the APE network.
The $APE token is also used to buy in-game items in Animoca Brands’s Benji Bananas. The network also features an option that allows network users to stake $APE tokens. Through staking, they participate in the network’s validation and governance processes.
The ApeCoin value reached a high of $39.40 in March 2022. However, the price of ApeCoin plunged by 96% to reach $1.35 in October 2023. Looking at the $APE chart, ApeCoin crypto had been under bearish high-selling pressure in 2023. Meanwhile, ApeCoin technical analysis has shown mixed sentiment for those looking for the best cheap cryptos to buy right now.
While the ApeCoin crypto is trading below the 200-day EMA, its RSI is in the overbought region at 74 on the daily time frame. Going forward, the ApeCoin price prediction for 2023 has remained bearish and depends on the growth of the ApeCoin ecosystem.
Galaxy Fox ($GFOX): Earn Rewards While Gaming
While ApeCoin was among the gaming tokens that redefined the P2E space, its price growth was stagnant in 2023. Generally, development in the ApeCoin ecosystem has slowed down significantly. Yet Galaxy Fox offers a more engaging and exciting ecosystem that has lots of earning opportunities.
Galaxy Fox is one of the best cheap cryptos to buy right now as it offers various ways for people who have $GFOX tokens to earn more income money. Inside the Galaxy Fox world, there’s an exciting web3 runner game. The network $GFOX tokens can be earned by participating in the game.
Notably, you have improved chances of winning when you hold and use Galaxy Fox NFTs within the game. The Galaxy Fox team created each of these NFTs with unique strengths and characteristics. They were designed to offer holders an advantage in the exciting game.
In addition, attribute boosters may be purchased with $GFOX tokens to make characters stronger, faster, and more agile. These boosters are aimed at helping you do better in battles and competitions. At the end of each $GFOX season, the top 20% of players on the leaderboard get game assets as rewards.
These assets can be changed to $GFOX tokens. Currently, Galaxy Fox is in the first stage of its presale and is priced at just $0.00066. Smart investors know that the best time to enter a project is at the early stages. So, get in now and enjoy a 450% gain at the end of the presale.
Learn more about Galaxy fox ($GFOX) here: