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Solana meme coin BONK is still surging with a vengeance, rising 130% over the past two weeks as Galaxy Fox soars past $600,000 in its presale. Let’s take a closer look at these two projects and see what’s driving the upward momentum.
Bonk Price Soars 1,100% in Past Month
October saw Bonk making a U-turn from its downtrend, soaring from $0.00000019 to $0.000000768 by the beginning of November – a whopping 300% rally. Then on Nov. 20, Bonk hit an all-time high of $0.00000539, boasting a jaw-dropping 1,700% increase from the low. But that was just the start, it seems, as this red-hot meme coin shows no signs of slowing down, continuing to rise even in the past 24 hours.
Things are also looking bullish in terms of Bonk’s trading volume – a staggering $100 million on Nov. 21, marking an almost 11% daily increase. This surge not only screams renewed interest but also suggests that Bonk’s rally is built on some solid fundamentals. Not surprisingly, the token’s price accelerated in December, growing a further 130% in the past two weeks.
Bonk’s success makes more sense when you consider that Solana, the blockchain backing it, is on fire with a 400% price increase this year. The positive energy from Solana seems to be rubbing off on Bonk, adding an extra layer of intrigue and allure to this meme coin’s stellar performance.
Galaxy Fox Unstoppable as Presale Gains Traction
Similarly impressive is newcomer Galaxy Fox’s meteoric debut on the market, raking in an impressive half a million dollars within a few short weeks from the first two stages of its presale – the latter of which is now nearly sold out.
What sets Galaxy Fox apart is its deflationary tokenomics, staking rewards, proactive growth strategy, and a refreshing absence of bearish vibes. The ongoing burn is turning GFOX into a scarce commodity, driving up its value. And here’s the kicker — staking rewards are paid out through taxation, not emissions, securing even more value for holders.
Galaxy Fox’s Treasury is taking a novel approach, accumulating 2% of all buy and sell taxes to fuel ongoing ecosystem expansion. In a bull market, a robust marketing budget is worth its weight in gold, and Galaxy Fox is strapped in for the ride, ready to draw in new users to its cosmic ecosystem.
Conclusion
The performance of all coins across the board suggest we may still be in the very early stages of a new bull market. Bonk looks like it will continue to grow if it can continue its positive performance and enthusiasm. GFOX presale is rising fast, and it fulfills an interesting niche in the blockchain ecosystem.
Learn more about GFOX here: Visit Galaxy Fox Presale | Join the Community
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