Crypto
$SHIB Reveals New Roadmap as Memecoin Awaits Price Rebound; $GFOX Presale Tops $2.75M
Memecoins continue to capture the imagination of investors. Among them, the infamous Shiba Inu token, $SHIB, has recently revealed its ambitious plans for 2024. Meanwhile, on a different stage, one of the best cheap crypto to buy right now, Galaxy Fox, is making waves with its presale already surpassing $2.75 million, showcasing its potential to be a standout memecoin in 2024.
Shiba Inu’s Shibarium Takes Center Stage
In a surprising turn of events, Shiba Inu ($SHIB) has managed to break free from a 4-month-long bearish trend in just a week. This signals a renewed positive momentum, which has not gone unnoticed by both traders and enthusiasts alike. Changelly, a leading cryptocurrency exchange, has released a report delving into SHIB’s potential future trajectory.
According to Changelly’s recent report, $SHIB is anticipated to maintain its present valuation with four leading zeros for the following six years before any attempt to eliminate a decimal place. Ambitious price targets of $0.00010 and $0.00022 have been outlined, with projections suggesting $SHIB could potentially reach a maximum trading price of $0.0001079892 by 2029.
The forecasted average for the year is a bit more conservative at $0.0000889911. Still, the real surprise comes in the form of a daring prediction for 2032 – a maximum price of $0.0003259674, indicating a staggering growth rate of over 3,072%.
$SHIB’s recent positive momentum and resilience, breaking away from a prolonged bearish trend, have sparked discussions about its future potential. While Changelly’s projections are speculative and influenced by various factors, they offer a glimpse into the confidence surrounding Shiba Inu’s course and the possibility for significant growth in the coming years.
Galaxy Fox Emerges as a Memecoin Contender
Enter Galaxy Fox, the rising star in the memecoin universe. Positioned among the best cheap crypto to buy right now, $GFOX aims to be a native currency across various web3 protocols, setting itself apart in the competitive meme coin space. Developers of Galaxy Fox have demonstrated their understanding of the meme market by creating a unique FOX token with utility in unexplored areas of the meme space.
The Galaxy Fox ecosystem promises not only fun and thrills but also avenues to earn. Participants can engage in the platform’s Play-to-Earn (P2E) endless runner game, stake $GFOX tokens, or hold onto their tokens for future value. The ecosystem is designed to fund these mediums through treasury funds, ensuring sustained excitement and rewards for its community.
In addition to $GFOX tokens, Galaxy Fox offers the coolest NFT assets for its ecosystem members. These NFTs, representing ecosystem characters, can enhance gameplay and winning chances. They can also be traded for real value on popular NFT platforms. With a collection of 3,000 unique NFTs, Galaxy Fox provides ample opportunities for minting or purchasing within its marketplace.
Galaxy Fox Presale Soars: A Memecoin for 2024
Galaxy Fox is in the seventh stage of its presale, with $GFOX priced at $0.00198. The presale has already surpassed $2.75 million, with over 2.3 billion tokens already in the hands of investors. The next stage is on the horizon with a token price of $0.002178.
With 90% of tokens for Stage 7 already sold, the remaining tokens present a last-hour opportunity for investors to jump into a project that has shown remarkable potential. $GFOX is not just another memecoin but the best cheap crypto to buy right now that could contribute significantly to the web3 and GameFi spaces, offering a unique blend of entertainment and profit potential.
Conclusion: Join the Galaxy Fox Community
Both $SHIB and $GFOX offer exciting prospects in the ever-evolving world of memecoins. While Shiba Inu strives to enhance its Shibarium platform, Galaxy Fox is carving its niche as a standout best upcoming ICO for 2024.
To stay updated and become part of the growing Galaxy Fox community, visit their official website and join the conversation on Telegram. The future of memecoins is bright, and Galaxy Fox is certainly a token to watch in the coming year. Don’t miss the chance to be part of this thrilling journey – join Galaxy Fox today!
Learn more about $GFOX here:
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Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, was sentenced on Thursday to 15 years in prison for for what a judge called an “epic fraud.”
U.S. District Judge Paul A. Engelmayer, who handed down the sentence, sharply rebuked Kwon for repeatedly lying to everyday investors who trusted him with their life savings.
“This was a fraud on an epic, generational scale. In the history of federal prosecutions, there are few frauds that have caused as much harm as you have, Mr. Kwon,” Engelmayer said during a hearing in Manhattan federal court.
Kwon, 34, who co-founded Singapore-based Terraform Labs and developed the TerraUSD and Luna currencies, previously pleaded guilty and admitted to misleading investors about a coin that was supposed to maintain a steady price during periods of crypto market volatility.
He is one of several cryptocurrency moguls to face federal charges after a slump in digital token prices in 2022 prompted the collapse of a number of companies.
Dressed in yellow prison garb, Kwon addressed the court and apologized to his victims, including the hundreds who submitted letters to the court describing the harm they had suffered.
“All of their stories were harrowing and reminded me again of the great losses that I’ve caused. I want to tell these victims that I am sorry,” Kwon said.
Ayyildiz Attila, one of the hundreds of victims who submitted letters to the court, said he lost between $400,000 and $500,000 in the collapse.
“My savings, my future, and the results of years of sacrifice disappeared. I struggled to keep up with payments and responsibilities, and everything I had worked forwas erased,” Attila said.
Kwon’s lawyer Sean Hecker said in an email after the sentencing that Kwon spoke from the heart, expressed genuine remorse and will continue his efforts to make amends.
US Attorney Jay Clayton in Manhattan said in a statement following the hearing that Kwon devised elaborate schemes to inflate the value of his cryptocurrencies and fled accountability when his crimes caught up to him.
Prosecutors had asked for a sentence of at least 12 years in prison, saying the crash of Kwon’s Terra cryptocurrency caused billions of dollars in losses and triggered a cascade of crises in the crypto market.
Kwon’s lawyers had asked that he be sentenced to no more than five years so he can return to South Korea to face criminal charges.
Prosecutors charged Kwon in January with nine criminal counts for securities fraud, wire fraud, commodities fraud and money laundering conspiracy.
Kwon was accused of misleading investors in 2021 about TerraUSD, a so-called stablecoin designed to maintain a value of $1. Prosecutors alleged that when TerraUSD slipped below its $1 peg in May 2021, Kwon told investors a computer algorithm known as “Terra Protocol” had restored the coin’s value.
Instead, Kwon arranged for a high-frequency trading firm to secretly buy millions of dollars of the token to artificially prop up its price, according to charging documents.
Kwon pleaded guilty in August to two counts, conspiracy to defraud and wire fraud, and apologized in court for his conduct.
“I made false and misleading statements about why it regained its peg by failing to disclose a trading firm’s role in restoring that peg,” Kwon said at the time. “What I did was wrong.”
Kwon agreed in 2024 to pay $80 million as a civil fine and be banned from crypto transactions as part of a $4.55 billion settlement he and Terraform reached with the Securities and Exchange Commission.
He also faces charges in South Korea. As part of his plea deal, prosecutors will not oppose Kwon’s potential application to be transferred abroad after serving half his US sentence.
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