Bitcoin ($BTC) has broken convincingly above its all time high, and now the price discovery phase has begun for crypto’s leading asset. The rest of the top ten cryptocurrencies have been lagging- they simply do not have the same rampant inflows from ETF products.
Will all of this change in May? Juan Leon, a leading research analyst, believes so, and a $10K target for Ethereum ($ETH) is coming from Bitwise. Naturally, $ETH breaking its ATH will have an enormous effect downstream, and an ETF approval could see Galaxy Fox ($GFOX), a meme project, hit $1 in less than a year.
Ethereum ($ETH): Bitwise’s $10,000 Price Prediction
Will Ethereum finally trade above $10,000 this cycle? While Bitcoin has been the top crypto to buy since Fink announced the Spot ETF in March, this narrative now rests squarely with Ethereum. An approval in May would be rocket fuel for $ETH’s price. Ethereum’s market cap is more or less one-third of Bitcoin’s, and the asset Ether has been deflationary ever since the Merge and implementation of EIP-1559 working in tandem.
The Dencun upgrade is going live, and soon, transacting on a rollup will have a similar cost to transacting on Solana ($SOL). This opens up the door for a wild explosion of rollups and applications built on top and with $ETH used as the base asset across the entire rollup ecosystem – thus a lot more $ETH buy pressure in the order books.
Bitwise centers its $10,000 prediction on both these catalysts. Bitcoin crossing its ATH means it’s only a matter of time before Ethereum follows, and with a technical upgrade shipping and soon-to-unlock TradFi inflows, the second member of the top ten cryptocurrencies is ready for its moment in the sun.
Galaxy Fox ($GFOX) Targeting $1
Galaxy Fox has shot past $4 million raised and is already closing in on $5 million. Price predictions forecast this small-cap rallying all the way to $1 this year. But what is driving these incredible predictions, and why is $GFOX a top crypto to invest in this cycle? Memecoins are red hot this cycle, and so are play-to-earn projects as the GameFi narrative gains steam. Galaxy Fox blends the best of these two genres in a new hybrid build, and a small cap enjoying dual narrative support and going to market in bullish conditions is how 100X rallies occur.
The infinite runner game lets anybody turn gaming acumen into cash, with prizes paid out to the top of the leaderboard at the end of each season. Players can augment their chances of victory through NFT ownership, with every piece of the Galaxy Fox NFT collection granting unique benefits and upgrades.
$GFOX’s tokenomics model is all gas, no brakes, and has been tailor-made to deliver value to end users. The token burn drives value via scarcity, and staking rewards allow anyone to deposit their tokens in the Stargate module and begin earning immediately. This ERC-20 meme/ P2E hybrid is ready for takeoff!
Closing Thoughts: ETF Inflows Repricing ERC-20s
Two of the top ten cryptocurrencies having ETFs will be a reality this cycle. While $BTC’s price gains have remained mainly isolated, the increase in $ETH’s value will spill out into DeFi instantly, and ERC-20 tokens will undergo drastic repricing.
Galaxy Fox will first enjoy its retail launch and price discovery phase. Then, it will see a second wind with the $ETH ETF approvals and general appreciation of the entire ecosystem. $1 is firmly in sight, and with the presale already 95% sold out, you need to move fast if you want to board this spaceship.
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