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One of the most popular altcoins, ether, is having difficulty continuing its long bull run. The cryptocurrency attempts to reverse its losses by alternating between pumps and dumps.
Experts in the field think that Ethereum‘s surge could be positively impacted by the acceptance of ETFs.
Investors will have to hope that other factors that affect price will ultimately favor Ether ($ETH) nonetheless, while the SEC’s clearance is being delayed.
As $ETH persists in its pricing war, $GFOX progresses confidently through the presale.
Being a part of the presale now is crucial to earning returns from the meme coin, as Galaxy Fox is set to reward its early adopters handsomely.
Galaxy Fox is a unique meme coin that has the potential to upend the current state of the crypto industry.
The cryptocurrency project has an extensive ecosystem that offers consumers countless advantages and chances.
The Galaxy Fox project is not only about making another cryptocurrency, since there are a ton of them in the market.
It is an extensive ecosystem that incorporates the majority of utility token features, including staking capabilities, play-to-earn mechanics, and NFTs functionality.
The features of the meme currency put it at the top of investors’ lists. Many have purchased presale tokens in the project with the expectation of a healthy long-term yield.
There will be a 5 billion token supply for Galaxy Fox. These coins are distributed for team incentives, public sales, ecosystem development, and competitions. Approximately 70% of the overall allocation is used for public sales.
The meme currency has finished the first six of ten stages of the public sale for Galaxy Fox.
The project is being adopted by more cryptocurrency aficionados, which has led to the presale’s rising popularity. Only a little portion of the meme coin’s whole presale supply is still available as it enters its next round of presale, having sold roughly 93% of its current stage allocation.
This implies that the Galaxy Fox presale will soon come to an end, and early investors will soon be able to profit from the meme coin’s increase.
Investors who are still eager to profit from the meme coin need to act quickly to avoid losing out on the presale tokens. Speculators speculate that $GFOX might surpass the $3 million price threshold twice as quickly as it did.
The Galaxy Fox is becoming more and more well-known and is predicted to make a substantial profit. The post-sale increase in the meme coin could be compared to the boom of $DOGE during the meme mania. Therefore, investing in the meme coin is worthwhile.
In terms of market capitalization, $ETH is the most valuable altcoin, but in recent weeks, it has not impressed.
Market participants are dissatisfied with the cryptocurrency’s slow rebound since they are expecting more from it.
Following the announcement of the approval of the Bitcoin ETF, Ethereum reached all-time highs, and industry observers predict a similar outcome for the Ethereum ETF.
Read More: Bitcoin ETFs: Impact on Crypto Market Explained
The SEC has extended the deadline for making a decision regarding an Ethereum ETF application, according to reports from Cryptopotato.
The commission claims that more time was required to assess other factors influencing decision-making as well as its proposed rule modification.
Because they think the approval of the Bitcoin ETF earlier this year cleared the path, industry analysts are optimistic about the approval of Ethereum ETF. They forecast better ETH price action following news of approval.
Over the past week, $ETH dropped by double digits from $2,478 to $2,200+. Still, the second-biggest cryptocurrency is returning.
As of this writing, it had tested the $2,300 price level and was trading in close proximity to the price range.
It is anticipated that the market’s recovery and advantageous economic conditions will support Ether’s rally. Therefore, a longer-lasting upward reversal is conceivable.
To experience the anticipated boost in price of $ETH following the approval of an Ethereum ETF, cryptocurrency aficionados will have to wait longer.
In 52 weeks, the altcoin will reach its highest price of $2,700, and it plans to soar above that level shortly.
The goal is for Ether to reach a market price of $3000 or more before the end of the year. This is probably going to happen, especially now that the SEC is about to approve an Ethereum ETF.
Investors hoping to profit from $ETH might need to wait a bit because the altcoin is still recovering slowly.
As the market strengthens and SEC approval approaches, a better surge might emerge.
But as the market gets healthier, industry watchers believe Galaxy Fox presents an even better chance. Because of this, the presale meme coin is currently a worthwhile investment to take into account.
Disclaimer: The information provided is for educational and informational purposes only. It does not constitute financial advice, and you should always conduct your research or consult with a professional before making any investment decisions.
