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Memecoin MAGA- Coin surges almost 50% after Trump survives assassination attempt.
Trump is now favorite to get re-elected as US President.
Galaxy Fox has similar momentum after a successful launch.
MAGA coin and memecoins that take inspiration from Donald Trump surged on 13th July 2024 after news of his assassination attempt broke. The assassination attempt quickly became an international event and caused widespread ripple effects.
Memecoins like MAGA got a shot in the arm after the incident. Bitcoin itself also saw a surge with Trump now emerging as the favorite to win in the November election.
Galaxy Fox continues its surge amid the churn in crypto markets. The play-to-earn meme coin has risen to the top of trading charts after a strong launch in April. $GFOX has been available on Uniswap ever since and continues to prove a hit with platform users and traders alike.
MAGA surges after Trump survives assassination
Trump-inspired memecoin MAGA surged almost 50% after news of an assassination attempt against the former President broke. The rally was part of a general market surge after it became clear that Trump was going to be fine.
Donald Trump has become one of the most important cultural figures on the planet. His ascension to complete dominance of the Republican Party and eventually becoming President was unprecedented.
His campaign announced this year that he would start accepting crypto donations, a move that marked Trump’s most significant endorsement of crypto. Crypto enthusiasts now see his election as a positive for the crypto industry.
It is unclear what Trump’s actual policy position will be on crypto, but the early indications are good. That said, the Securities and Exchange Commission has issued several approvals for crypto ETFs and a Trump administration will likely continue with the pro-crypto policies.
GFOX Surges with MAGA
Galaxy Fox is one of the beneficiaries of this market surge, which adds to the project’s initial momentum. The gaming meme coin raised over $6 million in its presale and launched its gaming platform on May 18, 2024.
This launch marks a paradigm shift in the memecoin approach. Instead of the standard approach of having a meme coin purely reliant on the meme concept, Galaxy Fox injects utility. For instance, MAGA is associated with Donald Trump’s notoriety in popular culture. It may have been a good strategy this week, but it will not always be the case.
Galaxy Fox is a play-to-earn gaming platform offering its users much more. Players get the chance to nurture digital fox characters and engage in exciting battles. For their efforts, they earn various rewards which incentivize participation. The possibility of staking on the platform adds extra rewards through participating in platform governance.
$GFOX is a distinct meme coin for this reason. It represents the equalization of the gaming sector by giving gamers the power to influence game platforms like never before. Additionally, it is an opportunity to change the outlook for meme coin developers to incorporate utility into their approach. $GFOX looks to become one of the best projects to launch in 2024.
For Info about $GFOX, visit Galaxyfox.io
Conclusion
Trump’s assassination attempt will be one of the defining moments of 2024. The enthusiasm for a likely Trump re-election is growing for the crypto sector. Memecoins like MAGA may be the most prominent immediate beneficiaries, but fundamentally sound projects like $GFOX will reap long-term benefits.
$GFOX is fast rising and is poised to become one of the leading projects in the crypto landscape.
Visit the Galaxy Fox website today to learn more about the project.
Learn more about $GFOX here:
Galaxyfox.io | Join the Community
The post MAGA, $GFOX and Trump tokens rally after assassination attempt appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.
