Does Galaxy Fox Have The Potential To Overtake $ETH As Top Crypto In November? Find out if Galaxy Fox has what it takes to become the must-have coin over Ethereum
Ethereum has remained the second-largest cryptocurrency thanks to the versatility offered by its DeFi ecosystem. Although $ETH was formerly thought to be the best cryptocurrency to invest in, its price has been moving sideways lately. Currently, market analysts and crypto enthusiasts are wondering if Galaxy Fox ($GFOX) can become the must-have coin for November ahead of Ethereum. Let’s find out.
Galaxy Fox ($GFOX) To See 20% Gains, Says Analyst
Galaxy Fox ($GFOX) has been getting attention lately for its unique features and strong growth potential. It has established itself as one of the best cryptocurrency to invest in. Its multiple earning potential sets it distinct from other meme coins. Galaxy Fox allows players to earn money by staking, purchasing tokens, and playing games.
The platform blends features of a meme coin and peer-to-peer gameplay, and it competes with currencies such as Pepe and Dogecoin. Gamers can also use the site to play games and gain rewards and assets through competitions and quests. Let us now discuss Galaxy Fox’s native token, $GFOX, which is an ERC-20 coin.
You can stake $GFOX to receive rewards. What’s interesting is that $GFOX tokens are deflationary, which could increase their value over time. Experts tagged $GFOX as one of the best cryptocurrency to invest in right now. During the crypto presale, Galaxy Fox is releasing a special set of 3000 NFTs. These NFTs are among the best NFTs to buy in the NFT industry as they are rare.
Currently, in the early stages of the presale, $GFOX is priced at $0.00066. So, if you’re wondering what cryptos to invest in, consider $GFOX. According to experts, Galaxy Fox is considered one of the best cryptocurrencies to invest in now. Therefore, they have predicted a 20% price increase in November.
$ETH Down Despite BlackRock ETF Filing
Ethereum is in the news again after its recent price drop to the $2,000 level. Earlier in November, the token rose up the ranks to a high of $2,134. However, bullish pressure set in and ETH lost its bullish momentum.
One of the most prominent asset managers, BlackRock, submitted an application to the U.S. SEC on November 15th for a spot Ethereum ETF. The price of Bitcoin skyrocketed a few weeks ago in anticipation of a spot ETF’s approval. The cryptocurrency community had expected that BlackRock’s ETF filing would have a similar effect on $ETH.
However, the price of $ETH failed to replicate the same performance as Bitcoin. The 50-day and 200-day moving averages are still above the $ETH price. Also, its RSI exceeds the 50 average as $ETH has lost its $2,000 support level.
However, the price of $ETH has remained positive on the weekly and monthly chart, increasing by 6.2% and 28.6%, respectively. Analysts forecast that in the upcoming weeks, $ETH would increase by 5. 16% to $2,167.
Final Thoughts
While Ethereum has shown remarkable promise in the last month as the best cryptocurrency to invest in, climbing beyond $2,000, its bullish momentum has suddenly stalled.
This provides newbies like Galaxy Fox ($GFOX) a chance to shine. Unlike other platforms, Galaxy Fox allows gamers to make money while they play games. So don’t miss out on one of the best ICOs currently in the market!
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
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