2024-5-2 16:00 |
Ethereum ($ETH) roared all the way to $4,000 earlier this year, but with the Ethereum Foundation selling the top and a solid downward trend established, is there more pain for $ETH price incoming? While the top ten cryptocurrencies are on life support Galaxy Fox ($GFOX) P2E game poised for major breakout.
What crypto to buy today as altcoins continue trending downward? New releases with bullish catalysts are outpacing dinosaur coins with huge unlocks looming. While Ethereum is trading below $3,000, Galaxy Fox’s play-to-earn game is launching on May 11th, and early stakers are earning bonus rewards. There is always a bull market somewhere, and in the current climate, GameFi and memecoin gems are the net winners as the rest of the market flounders.
Ethereum ($ETH) – More Pain Incoming
Ethereum posted an incredible rally in the runup to the Dencun upgrade, which introduced blob transactions and made all Rollups competitive with Solana regarding fees. It was the starting pistol for Ethereum’s true scaling era and a massive local top. The ETH/BTC ratio has continued to trend lower as Bitcoin ($BTC) outperforms Ethereum, and massive resistance awaits all $ETH holders to the upside following numerous rejections at $3,600 and $ETH now trading all teh way down below $3,000.
More pain is incoming for Ethereum, and with the ETF growing increasingly less certain by the day, no TradFi bid is waiting in the wings to save $ETH holders from bearish continuation. Technical analysts point to the appearance of a bear flag on the daily chart, opening the door to another 20% downward move. While Ethereum remains an excellent crypto for beginners searching for long-term exposure, the short to medium term looks aggressively bearish.
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Show more +Show less –Galaxy Fox ($GFOX) Poised For Break-Out As Game Launch Approaches
The Galaxy Fox community has been thriving, and early stakers are earning crazy staking returns. It continues to be listed as the first choice for what crypto to buy today, and while the altcoin market falls apart, $GFOX continues surging. For the first 30 days post-launch, $GFOX token holders can earn up to 60% yield on their tokens while the token burn works around the clock to reduce the total supply.
All presale buyers unlocked 25% of their tokens at the TGE and will be fully vested in the next three weeks following a 25% per week schedule. Galaxy Fox’s play-to-earn game trailer has dropped, and community hype is reaching a fever pitch. This space-themed twist on a gaming staple, the infinite runner genre, sees players zooming through space, dodging asteroids, killing enemies, and being paid to play.
Players earn stars, and the top-ranked players earn prizes exchangeable for $GFOX tokens at the end of the season. Custom NFTs unlock special in-game skills boosts, and analysts forecast a minting frenzy. The token burn is steadily reducing supply, and with boosted staking rewards, scooping $GFOX at its current price is a no-brainer. Expect a massive surge on May 11th when Galaxy Fox’s play-to-earn game drops- this galactic ecosystem is just getting started.
Closing Thoughts: $GFOX Ready to Fly May 11th
While Ethereum price action continues its bearish trend and holders brace for further downside, the Galaxy Fox story is the polar opposite. $GFOX holders are poised for a massive breakout on May 11th when the game goes live. What crypto to buy today? Galaxy Fox is a no-brainer.
In bearish trends, investors should search for positive catalysts, and with GameFi and memecoins set to dominate this cycle, there has never been a better time to become a $GFOX holder. Join the Galaxy Fox journey today before its spectacular play-to-earn game launch!
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
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