Ether is one of the top altcoins struggling to maintain a prolonged bullish run. The cryptocurrency alternates between pumps and dumps as it aims to reverse its losses. Industry experts believe the approval of Ethereum ETFs may impact its rally positively. However, with the SEC’s approval delayed, investors will have to hope other price determinants favor Ether ($ETH) in the long run. While $ETH continues its price battle, $GFOX advances on presale in stride. Galaxy Fox is poised to reward its early adopters immensely, and joining the presale now is essential to getting returns from the meme coin.
Galaxy Fox ($GFOX) Nears $3 million in Presale.
Galaxy Fox is a distinctive meme coin poised to disrupt the crypto market’s status quo. The crypto project boasts a multifaceted ecosystem with limitless benefits and opportunities for users. The Galaxy Fox project goes beyond creating another digital currency like the numerous ones in the crypto space. It is a comprehensive ecosystem that combines the features of most utility tokens, including play-to-earn mechanics, NFTs functionality, and staking features.
The meme coin’s features place it on top investors’ radar. Many have put faith in the project via presale token purchase and hope for a good yield in the long run. Galaxy Fox will have a 5 billion total token supply. These tokens are allocated for competitions, ecosystem development, team incentives, and public sales. The public sales take about 70% of the total allocation.
Galaxy Fox’s public sale will be in ten stages, and the meme coin has completed the first six. The presale has gained increased popularity, with more crypto enthusiasts adopting the project. The meme coin has sold about 93% of its current stage allocation, heading to its next presale phase with only a fraction of its total presale supply available. This suggests that Galaxy Fox presale completion is imminent, and early investors can start reaping from the meme coin’s rally soon.
Investors still keen on enjoying the meme coin’s profitability must decide fast before the presale token sells out. Observers predict that $GFOX may double the $3 million price mark faster than it reached there. Galaxy Fox’s prominence is rising and is expected to return a considerably high profit. The meme coin’s post-presale surge may be reminiscent of $DOGE’s boom during the meme craze. Hence, the meme coin is worth committing to.
ETF Approval Could Spark Ethereum Rally
$ETH is the most valuable altcoin by market capitalization, but it has failed to impress in the past weeks. Market players expect more from the cryptocurrency, and its slow recovery run has left them frustrated. Ethereum broke new highs after the news of Bitcoin ETF approval, and industry experts believe a similar situation could arise with Ethereum ETF approval.
Reports from Cryptopotato reveal that the SEC has extended the deadline for its decision on one of Ethereum ETF applications. The commission states it needed more time to evaluate its proposed rule change and other things impacting decision-making. Industry experts are confident of Ethereum ETF approval, as they believe the preceding Bitcoin ETF approval has paved the way. They predict an improved ETH price action upon news of approval.
$ETH dumped by double-digits from $2,478, declining to $ 2,200+ in the past week. However, the second largest cryptocurrency is making its way back. It tested the $2,300 price level at the time of writing and currently trades close to the price zone. The market improvement and favorable economic factors are expected to contribute to Ether’s Rally. Hence, a more sustained upward reversal is possible.
However, crypto enthusiasts will have to wait longer to enjoy the expected positive effect of Ethereum ETF approval on $ETH’s price. The altcoin has a $2,700 peak price in 52 weeks, and it’s looking to rise beyond that point soon. The project is for Ether to finish the year around $3000+ market price or beyond. It’s likely to achieve this, especially with the SEC’s Ethereum ETF approval on the horizon.
Conclusion
Investors aiming to benefit from $ETH may have to wait a while as the altcoin’s recovery run is still gradual. A more improved surge may surface as the market improves and SEC approval nears. However, market observers see Galaxy Fox as an even better opportunity as the market grows healthier. This makes the presale meme coin a good investment to consider at this moment.
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