Outside Source
Google Trends data shows search for “onchain” at record highs
Galaxy Fox P2E game went viral less than a month after launching
$GFOX is a candidate for $1
Crypto is dynamic, and often, there are new terms to describe new innovations.
From when the organic search of “Bitcoin” or “Ethereum” was leading sentiment indicators that may help define fresh trends, in 2024, the focus is elsewhere but on a surprisingly “mundane” term.
Data shows that more people are eager to know what “onchain” means. While this is printing out, Galaxy Fox ($GFOX), a meme coin blending memetic fun with a play-to-earn (P2E) game, is going viral.
Google Trends: Search For “Onchain” Spikes
Recent Google Trends data shows that the global searches for the term “onchain” are at historical highs.
This is a major divergence because, based on past searches, it is typically under 25 on a scale of 100, reading from Google Trends.
However, this is rapidly shifting. Things are fast changing as crypto goes onchain with decentralized protocols like Uniswap and EigenLayer dominating discourse.
In the last week of May, there was a dramatic but welcomed shift where search interest rose sharply to a perfect 100. This print is the highest ever recorded on searches related to “onchain”.
Since Google Trends data is still an important tool for gauging interest and sentiment, it could suggest that there is a fast-rising curiosity among newbies and the general public surrounding blockchain. More importantly, people want to know more about its underlying infrastructure, mostly referred to as “onchain.”
Interestingly, more people from Singapore are curious, drawing the highest search volume in May. Other countries that topped the search list include Nigeria and Ethiopia from Africa, and Afghanistan, among many.
Analysts are pinning this spike in interest on several catalysts. Above all, the maturing industry plays a huge role in explaining why people are learning more about what is otherwise “jargon.”
Galaxy Fox In Focus: P2E Game Going Viral
Amidst this heightened interest, Galaxy Fox is emerging as one of the many primary drivers of onchain activity.
After a wildly successful presale, which helped the ambitious project raise over $6 million, $GFOX, the gaming platform’s utility ERC-20 token, was listed on Uniswap in April.
Hours after trading began, $GFOX rose, spiking to record highs before cooling off to spot levels. At the current valuation, the token is still outperforming Bitcoin and Ethereum, with supporters expecting more gains now that meme coins are on fire.
What’s cool about $GFOX is that it plans to tap into meme coins and ride on the popularity of play-to-earn games. Impressively, less than a month after launching in May, the Galaxy Fox game has garnered significant traction, attracting a huge user base.
The Galaxy Fox game is easy to play, which explains the deluge of player interest. All gamers must do is nurture unique digital fox characters that exist as NFTs and engage in battles.
All victories are rewarded with tokenized in-game currencies. However, the icing on the game is that it fuses NFT collectibles. What this means is that there are several items that users can own and track.
This smart combination of P2E mechanics and NFT ownership adds utility to $GFOX, differentiating it from other meme coins like BOME or PEPE that exist only for speculation.
$GFOX holders can also stake their tokens, earning even more rewards.
This strategy encourages players to participate and look at long-term prospects, which is a rewarding decision in crypto. $GFOX holders can also vote on proposals, shaping how the game evolves.
For Info about $GFOX, visit Galaxyfox.io
Conclusion: GFOX To $1?
As meme coins outperform the BTC, SOL, and top altcoins, $GFOX will only rise, riding this trend.
The drivers will be the increasing awareness of blockchain and the developers’ decision to integrate P2E gaming, NFTs, and a staking system for long-term HODLing.
At this pace, analysts think $GFOX will race to break all-time highs and soar to as high as $1, ahead of DOGE and other top meme coins.
Visit the Galaxy Fox website today to learn more about the project.
Learn more about $GFOX here:
Galaxyfox.io | Join the Community
This article first appeared at CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison
