Ethereum Name Service ($ENS) has recently stolen the spotlight with an astonishing 175% gain. As the crypto community speculates on $ENS entering the coveted top 100, another contender in the category of the best upcoming ICO, Galaxy Fox, awaits its turn to make waves in the realm of GameFi memecoins.

The Rise from the Crypto Abyss

Not long ago, Ethereum Name Service ($ENS) found itself struggling in the depths of a prolonged crypto winter, hitting a five-year low in June 2023. However, as the new year unfolded, a thaw commenced. Boosted by renewed market confidence and 175% gains post the approval of Spot Bitcoin ETFs, $ENS embarked on a relentless climb, leaving the crypto community awe-struck.

Key Factors Fueling the $ENS Surge

Here’s a quick look at what’s driving the surge of $ENS:

Layer-2 Endorsement: Ethereum co-founder Vitalik Buterin’s advocacy for ENS integration with layer-2 scaling solutions has been a game-changer. The promise of faster, cheaper transactions through human-readable ENS domains has resonated with users and developers, painting a brighter future for the project.

DeFi Embrace: In the era of decentralized finance (DeFi), the simplicity and security of ENS domains have become progressively striking. The ability to transact using user-friendly names like “alice.eth” instead of complex wallet addresses is a significant draw for users. 

Community-Driven Flight: ENS flourishes on a decentralized foundation administered by smart contracts and a DAO, giving users a direct say in the project’s future. This democratic approach fosters a sense of ownership and community, propelling $ENS into the limelight.

Galaxy Fox: The Rising Star in GameFi Memecoins

Shifting gears from the seasoned $ENS to the up-and-coming Galaxy Fox, the best upcoming ICO arena is witnessing a meteoric rise in this new player. With a surge from $0.00066 to an impressive $0.00198, Galaxy Fox is quickly making a mark as the new GameFi memecoin to watch.

Transformative Impact on Meme Coin Industry

Galaxy Fox is not just another memecoin. It’s a pioneer in the realm of full utility meme coins backed by an interactive blockchain gaming ecosystem. On top of that, the Web3 infinite runner game at the core of the Galaxy Fox ecosystem takes gaming beyond conventional limits. Players are rewarded for in-game skills with $GFOX tokens, adding a layer of utility to the meme coin market.

A Unique Hybrid Design

What sets Galaxy Fox apart is its hybrid design. While incorporating classic memecoin components like deflationary tokenomics and a viral aesthetic, it introduces a play-to-earn element. This dual identity places $GFOX at the intersection of the memecoin and GameFi narratives, making it a compelling investment in 2024.

Skyrocketing Community Support

The community’s overwhelming interest has propelled Galaxy Fox’s presale to Stage 7 in a short period of time, with GFOX priced at $0.00198. Having already raised over $2.9 million and distributed over 2.4 billion tokens to early investors, Galaxy Fox is gaining momentum fast. With the next stage on the horizon and a token price of $0.002178, the excitement around this project is palpable.

The Path to Memecoin Stardom

As the project gears up for launch this quarter, analysts foresee a potential 10x increase for $GFOX, making it a top contender for the best cheap crypto to buy right now. The unique ecosystem, featuring the coolest NFT marketplace, a growth-oriented Treasury, staking rewards, and real-world merchandise, positions Galaxy Fox as more than just a memecoin; it’s a comprehensive digital experience.

The Conclusion: Join the Galaxy Fox Community

Opportunities and trends are ever-changing. As $ENS makes a formidable comeback and Galaxy Fox emerges as the new GameFi memecoin, investors are presented with intriguing choices.

In particular, Galaxy Fox, with its hybrid design and innovative approach, stands out as a promising investment in the vibrant world of the best upcoming ICO. The presale is currently in Stage 7, and with the price at $0.00198, now might be the perfect time to dive into the Galaxy Fox community.

Don’t miss out on what could be the next big thing in crypto. Visit the Galaxy Fox website or join the community on Telegram. Embrace the future with $GFOX, the memecoin with a twist.

 

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

The post $ENS Could Enter Top 100 Following 175% Gains — Is This New GameFi Memecoin Next? appeared first on BitcoinWorld.

The post WAVES Price 60% Jump Halts At $2.4. Is It A Buying Entry Spot? appeared first on Coinpedia Fintech News

With a strong bullish trend in motion, the WAVES price trend sustains dominance over the $2 mark. Currently, the pullback phase in the uptrend brings an entry opportunity for sideline traders and teases a bounce back to higher levels. 

However, the slowdown in the altcoins market warns of a breakdown possibility like the support trendline fallout. So, should you consider buying this or wait for a breakout signal?

Source- Tradingview

The higher low formation trend in the WAVES price trend finds the support of the 50D EMA and reached the $3 mark in early 2024. However, the recent pullback to the support trendline leads to a longer consolidation compared to previous bounce-backs. 

However, the recent overnight jump of 1.88% finds the support of increased trading volume, improving the reversal chances. Currently, the WAVES price trades at $2.439, with a Doji candle formation reflecting an indecisive phase for the altcoin. 

Nevertheless, the weakness in the trend momentum is minimal and this supports the reversal possibility. Hence, the dip in the altcoin to the support trendline is a potential buying opportunity for the sideline traders. 

Technical Indicators:

RSI Indicator: The daily Relative Strength Index (RSI) indicates a trend of recovery, moving laterally as it nears the midpoint. This suggests a temporary halt in the momentum of the recovery trend.

EMA: The 50D EMA provides dynamic support to the growing trend and aligns with the rising trendline. Further, the confluence with the 38.20% Fib level increases the chances of reversal. 

Will The WAVES Price Reach $5?

The WAVES price, currently finding support at the crucial $2.40 level, aligns with the 38.20% Fibonacci level, suggesting a potential reversal rally. This could present an entry point for traders on the sidelines, as a suitable buying opportunity.

If a reversal does occur, the uptrend could gain enough momentum to challenge the $3 high, possibly leading to a breakout that could extend up to $5. However, should the price fall below the $2.40 support level, it could trigger a further decline, potentially testing lower levels at $2.26 or even $2.