In expectation of a massive price surge, whales have been pulling Ethereum ($ETH) from centralized exchanges. The bullish sentiment from investors has led to $ETH, one of the best altcoins, crossing the $3,250 mark for the first time since April 2022.
Meanwhile, Galaxy Fox ($GFOX) has emerged as one of the top cryptos to invest in ahead of its massive retail opening day. Closing in on the $4 million mark ahead of its launch, investors have backed $GFOX for early success in the crypto market.
Whales Pull $64 Million Worth of Ethereum ($ETH) from Exchanges
The bullish sentiment in the cryptocurrency market has been steadily building over the past few months. Investors have demonstrated this confidence by pulling over $64 million worth of $ETH from centralized exchanges, as reported by Lookonchain.
The movement of funds to cold storage highlights the belief among $ETH whales that a major bull market is around the corner. Many top whales expect $ETH to be one of the best altcoins during this bull market.
Ethereum is already enjoying this bullish sentiment, surging by more than 43% over the last 30 days. Thanks to the recent price pump, $ETH has increased above $3,250 for the first time in almost two years. Whales expect this bullish sentiment to continue for most of the year for several reasons.
The top reason why $ETH is believed to be one of the best altcoins to buy in 2024 is the coming launch of a spot Ethereum ETF. In addition, Ethereum will be performing the Dencun upgrade in March, ushering it into another important development stage. These events are expected to push the price of $ETH to a new ATH in 2024.
Galaxy Fox ($GFOX) Set for Massive Opening Day
Just like Ethereum, Galaxy Fox ($GFOX) has been building excitement over the past few weeks. Ahead of its retail opening day, crypto experts have predicted a massive price pump because of the momentum and large investor interest.
In the past few weeks, Galaxy Fox has raised over $3.66 million, with investors snapping up over 2.79 billion tokens. Investors are excited about Galaxy Fox as it hopes to revolutionize the meme coin space. Unlike other meme coins that are solely fuelled by hype, Galaxy Fox has created a new model meme coin model.
The core of Galaxy Fox is its exciting web3 runner game. The P2E game takes players on an immersive journey through several virtual worlds dominated by foxes. Players will choose their unique fox characters as they go on the adventure.
The game rewards players for their time spent and achievements within the virtual world via an intergalactic leaderboard. The higher a player ranks on the leaderboard, the more their rewards will be. Galaxy Fox also features some of the coolest NFT collections, as they are integrated directly into the game, enabling players to improve their chances of winning.
Galaxy Fox also features a marketplace where players can convert their rewards to cash, a merchandise store, and a staking pool. As a new generation of meme coins, Galaxy Fox has been rated as one of the best cryptos to invest in for the 2024 bull market. Now priced at $0.002178, $GFOX has been forecasted to experience a 50x price surge after its highly-anticipated launch.
Closing Thoughts
The recent activity of whales points to the coming of another major bull market for Ethereum. While $ETH remains one of the best altcoins, Galaxy Fox looks poised to outperform it in the 2024 bull market. The hype around its launch, thanks to its new model and groundbreaking concept, is poised to catapult $GFOX to unparalleled highs in 2024.
Learn more about Galaxy Fox ($GFOX) here:
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