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THORChain ($RUNE) has recently etched a remarkable milestone by setting yet another record in DEX volume. This activity surge spells great news for $RUNE and holds promising implications for Galaxy Fox ($GFOX), creating a ripple effect. Market navigation is now influenced greatly by the rise in DEX volumes as investors look for directions on what cryptos to invest in.
THORChain On A Surge Towards Top Rankings
Having recently made its presence felt in the DEX world, THORChain has gained a top position in trading volumes. Impressively, it has reached the third place among all DEXs based on its trading volumes which is quite an achievement.
This platform’s appeal lies in its high-yield opportunities based on its native token, $RUNE, which attract users who want substantial returns. THORChain’s trade volume shot up to $1.32B (DefiLlama) positioning it just behind Uniswap ($10.85B) and PancakeSwap ($2.77B).
This increase in trading activity demonstrates that THORChain has started to become more important and that there could be an interesting path for $RUNE ahead.
$RUNE Growing Steadily
THORChain also highlights $RUNE as its native token. It recorded an increase of 152% from October 25th when it traded at $2. 21 to November 24th where it had a value of $5.42. Additionally, there have been 18/30 days (about 60%) with green candles and 33.02% price variation involving $RUNE during this period.
The technical analysis supports this view with several indicators such as the price of $RUNE being above both the 100-day and the 200-day EMAs; this suggests a bullish trend in progress. The signs are good for the future price of $RUNE.
According to industry analysts, there will be a positive increase in the price of THORChain, reaching $6.07 by December 2023. That means that $RUNE has a bright future ahead and it is set for big gains in the crypto landscape.
Galaxy Fox ($GFOX) Shows Excellent Growth Potential
Amidst the hype surrounding THORChain’s monumental achievement, the implications for Galaxy Fox ($GFOX) emerge as an intriguing aspect to consider when contemplating what cryptos to invest in. Memecoins like $DOGE, Shiba Inu, $PEPE and $GFOX are one of the most commonly-traded coins on DEXs, and continue to be a driving force pushing crypto users to DEXs as major exchanges deal with increased regulatory scrutiny over securities. Market experts have highlighted Galaxy Fox as a project with tremendous growth potential, primarily owing to its diverse utility and strong connections to the flourishing play-to-earn sector.
This project will establish a unique and expansive ecosystem. At the core of this ecosystem lies the thrilling Web3 runner game. In this game, you can select a Galaxy Fox character and race against other players to climb the leaderboard. After weekly and monthly competitions, the top 20% of players will be rewarded with $GFOX tokens.
The $GFOX token will be the driving force behind this game. You might use $GFOX tokens to buy boosters which boost attributes for a while, like speed. If you stake the $GFOX tokens, you will also earn passive income over time. $GFOX is currently priced at $0.00066. Nonetheless, this is merely a presale price for Stage 1. As it advances, analysts predict a 450% increase. Therefore, Galaxy Fox may be one of the best cryptocurrencies to invest in.
Conclusion
Both THORChain and Galaxy Fox show outstanding potential, and could benefit from their mutual success. Based on its recent success, $RUNE may well end up in the top 10 altcoins market cap, and $GFOX could end up in the gaming/memcoin top 3. So if you’re looking for what cryptos to invest in, you should definitely put $GFOX on your radar. Check out the links provided below and get in early before its value goes through the roof.
