Why DeFi Coins Are Pumping And What It Means For The $GFOX Launch

DeFi is getting repriced. Why? Two reasons – first is a positive sentiment towards SEC regulations (which is why Uniswap announced staking rewards, leading to a 50% price pump for $UNI in a single day). Second is the Ethereum ($ETH) ETF will funnel a massive amount of capital into DeFi, and investors are scrambling over one another to get to the front of the queue. The ideal tokens in these conditions are small caps, and Galaxy Fox ($GFOX) positions itself as the top crypto to invest in this quarter. Why DeFi coins are pumping and what it means for the $GFOX launch. Strap in. Things are about to start getting silly.

Why DeFi is Pumping

DeFi tokens are undergoing a period of wild gains, with double-digit daily increases becoming common. The reasons for this are multifaceted, but some large central players exist. First and most obvious is the looming Ethereum ETF. Look what the TradFi bid has done to the price of Bitcoin ($BTC). $ETH has a better monetary policy and will soon enjoy similar inflows.

Second is the recent governance proposal from Uniswap ($UNI) to turn on the fee switch. The team behind $UNI has always been reluctant to do this due to the regulatory risk. This decision comes at the same time Coinbase is battling against the SEC in court. Do insiders already know that a favorable outcome has been reached? Likely. This regulatory clarity is a huge reason DeFi coins are the best cryptocurrencies to buy now.

This decision to implement a fee switch led to DeFi tokens getting repriced across the board. $UNI pumped over 60% in a single day, SushiSwap ($SUSHI) started to rally, and PancakeSwap ($CAKE) began to break out. All of these DeFi tokens have been in nearly a year-long consolidation phase, building strength for a breakout. But how does this affect the Galaxy Fox presale, and why does it deserve the title of top crypto to invest in this quarter?

Galaxy Fox ($GFOX): Launching in Perfect Market Conditions

Galaxy Fox could not have picked better launch conditions even with divine intervention. This small cap nears its retail launch as markets rip, and small caps going to market in full risk-on bullish conditions can amaze everyone with their price discovery phases. Galaxy Fox’s unique hybrid build has led to inflows from memecoin and GameFi enthusiasts, and funding has already shot past $3.6 million.

At the heart of this galactic ecosystem is a Web3 runner game that pays out prizes to the top-ranked players, leveraging the typical play-to-earn mechanics. Users can mint NFTs to increase their in-game stats or purchase upgrades directly with $GFOX tokens. This branch of the protocol has been designed to onboard new users and add a good dash of entertainment.

DeFi tokens catching a bid is positive news. Investors want exposure to DeFi-native projects, and Galaxy Fox delivers an entire ecosystem. This gem is criminally undervalued, but not for long, as markets will rapidly reprice $GFOX after it launches. The top cryptos to buy right now are all DeFi gems, and $GFOX is a special case among its competition, given its early developmental stage.

Closing Thoughts: Retail Launch Approaching Fast

DeFi tokens are up across the board, and $GFOX is shaping up to be the top crypto to invest in this environment. Demand is creeping up, and small caps are poised to shine. Galaxy Fox is heading to its retail launch, and sparks are set to fly.

If multi-billion dollar protocols like Uniswap can shoot up 60% in a single day, imagine what a small cap like $GFOX can do. Join this exciting journey today!

Learn more about $GFOX here:

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