Binance to End $BUSD — $BNB Price Drops as Investors Look to This Next Hot Altcoin

Galaxy Fox’s deflationary model makes it an attractive investment and offers rewards, staking and gaming opportunities.

Binance exchange continues to battle regulators in 2023. The exchange is reportedly planning to delist $BUSD from its platform this month due to pressure from regulators.

Meanwhile, the native token, $BNB, has entered the red zone, with holders facing Best Cryptocurrency InvestmentsMany indications are that this could be a new P2E/Memecoin, and it’s currently in the early stages of presale.

Galaxy Fox ($GFOX)It has attracted a lot of attention due to its deflationary model and versatile utility. Let’s take a closer look at this project.

>>Purchase $GFOX Token<

Galaxy Fox ($GFOX); The Crypto Market’s Next Hot Coin

Galaxy Fox ($GFOX), a meme coin and play-to-earn (P2E) gaming project, has been getting a lot of attention recently after analysts rated it one of the best cryptocurrencies to invest in right now. Galaxy Fox stands out as one of the best altcoins for beginners and professionals alike.

Interestingly, the platform boasts of a wide range of features and benefits. Galaxy Fox allows people to earn rewards and win attractive prizes. Additionally, the platform has created different avenues (staking and gaming) for $GFOX holders to grow their holdings.

Galaxy Fox has an ERC-20 coin called $GFOX that is in the presale stage. This token will increase in value over time due to a “token burn” mechanism. This feature makes Galaxy Fox one of the best crypto investments today. Participating in the Galaxy Fox presale is an attractive option for crypto investors. The treasury fund also offers rewards to top performers within the ecosystem.

Additionally, Galaxy Fox has exciting plans to release the coolest NFT collection consisting of 3,000 unique NFTs. However, access to these NFTs will be limited to $GFOX token holders. Currently priced at just $0.0008778, $GFOX is one of the best cryptocurrency investment options out there right now. Market experts are predicting the price to rise by 450% by the end of the presale.

>>Purchase $GFOX Token<

Binance Stops Supporting $BUSD, $BNB Falls to New Lows

Binance exchange announced plans to stop supporting the $BUSD stablecoin on December 15. The decision comes as a result of increasing regulatory pressure on Paxos, the issuer of BUSD. The New York State Department of Financial Services reportedly instructed Paxos to stop issuing $BUSD in February. No reasons were given for this major move.

Now, Binance is advising users to withdraw their $BUSD holdings or exchange them for another cryptocurrency. Additionally, the platform is highlighting the option to exchange them for its own $FDUSD stablecoin at a 1:1 ratio.

Binance added that it would disable withdrawals through December 31, after which all remaining $BUSD balances would be automatically converted to $FDUSD. The news comes as Binance’s native token, $BNB, continues to suffer bearish pressure.

$BNB recorded a slight recovery during the Uptober rally but crashed after CZ’s resignation. According to CoinMarketCap, the price of $BNB fell from a 7-day high of $234.42 to a low of $223.78. BNB price charts showed losses of -2.5% and -5.8% on the 7-day and 14-day charts respectively.

Conclusion

$BNB’s future remains unclear as the company tries to shake off the negative impact that the resignation of Changpeng Zhao has had on the Binance ecosystem. While the new CEO works to revamp the platform, investors may find solace in the new token, Galaxy Fox (GFOX).

Galaxy Fox has been garnering attention in the crypto community due to its dual nature as a P2E token and a meme coin. $GFOX stands to benefit from the sudden rise of meme coins offering more utility as gaming tokens. This makes $GFOX one of the 5 best crypto investment options to consider.

For more information on Galaxy Fox ($GFOX), please see here:

Visit Galaxy Fox Presale | Join our Telegram group | Follow Galaxy Fox on Twitter

Disclaimer: This is a paid press release. BSC.News does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. The project team purchased this advertising article for $275. Readers should conduct their own investigation before taking any action related to the company. BSC.News is not responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods or services mentioned in the press release.

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