According to Geoff Kendrick, a Standard Chartered analyst, the Securities and Exchange Commission is likely to give the greenlight for Ethereum ETF in late May 2024. This event is likely to lead to a surge in $ETH’s price, but it will also cause Layer-2 coins such as $OP, $ARB, and $BASE as well as $GFOX, the best memecoin to buy to pump.
In this post, we dig deeper into $GFOX, $OP, $ARB, and $BASE, some of the best cryptocurrencies to buy now as we await the approval of Ethereum ETFs.
$GFOX
$GFOX, is the native coin of the Galaxy FOX ecosystem, a new meme coin project. Galaxy Fox is driven by a clear mission to proliferate and transform the lives of those who buy the coin. To do this, the coin is designed to give investors ample opportunities to make additional income while also enjoying utility-focused features.
Even in its presale, $GFOX allows early investors to make some profit before the coin launches. Early investors have already seen an increase of over 50% in the price of $GFOX tokens, even though the presale is only in stage 7. Those who invest before the presale sells out (there are only a few coins left) will also enjoy some profits before the official launch date.
After the presale, investors can ensure a steady stream of income by staking their coins in the staking system. Galaxy Fox has a stargate embedded into the ecosystem. This stargate collects 2% of every transaction, creating a pool of funds that is then used to reward loyalty. As soon as an investor puts their coins up for staking, they become eligible for a proportionate amount of staking rewards from the stargate.
Another feature that enhances $GFOX’s appeal as one of the best cryptocurrencies to buy is its play-to-earn game that gives avid web3 gamers a chance to have fun while making a side income. The game is all about completing the gaming season at the top of the leaderboard. The top 20% of players receive in-game currencies that they can exchange for $GFOX, making $GFOX a great way to make passive income with crypto.
Additionally, Galaxy Fox features one of the coolest NFT collections, which is available for minting on the $GFOX website. This collection has 3,000 NFTs, each inspired by different characters from the Galaxy Fox ecosystem. There is also a collection of physical merchandise that includes clothing items and collectibles.
Optimism
$OP is the native coin of Optimism, a layer-2 scaling solution built on top of the Ethereum blockchain. Being Ethereum’s biggest scaling solution, Optimism hosts 97 protocols including Synthetix, Uniswap, Velodrome, and AMM.
Optimism ranks as the #33 cryptocurrency by market cap according to CoinMarketCap. The coin has surged steadily since its launch, becoming one of the best cryptocurrencies to buy. At the time of writing $OP is trading at $3.02, with a market cap of over $2.89 billion.
$OP is expected to maintain its recent bullish momentum and surge to $4 within the year. However, with the introduction of Ethereum ETFs, the coin could easily surpass these expectations, to trade at a much higher price.
Arbitrum
Another layer-2 solution built on the Ethereum blockchain that is likely to skyrocket in price after the approval of Ethereum ETFs is $ARB. This protocol is designed to enhance speed, scalability, and cost-efficiency on the Ethereum network by leveraging optimistic roll-ups.
If the Ethereum ETFs are approved in May as expected, the positive price benefits they will cause for $ARB will be a breath of fresh air to $ARB investors who have seen their investments dwindle in the past 30 days as $ARB lost over 10% of its value. The past week has not been any different as $ARB has lost about 3% of its value.
BASE
$BASE is a unique cryptocurrency designed to mirror the market cap of crypto coins in the entire cryptocurrency market on a ratio of 1:1 trillion. The coin introduces a new concept where its price changes to achieve a target equilibrium that is based on the total market cap of all crypto coins. This way, cryptocurrency investors can observe the performance of the entire market using one coin.
At the time of writing, $BASE is trading at $$0.873, a 2% price decrease in the past 7 days. with the approval of Ethereum ETFs, the entire cryptocurrency market is likely to turn bullish, which will in effect lead to an upward surge in the price of $BASE.
Final Word
At just $0.00198 investors have the chance to acquire $GFOX tokens, a coin that is expected to skyrocket by over 100X, and propel ordinary investors into crypto millionaires. As we await the approval of Ethereum ETFs, it’s time to prepare for the pump that this event will spark by adding the best cryptocurrencies to buy right now to your portfolio.
Learn more about $GFOX here:
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Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.