$SOL to Drop to $20 Level; Is $GFOX Presale a Safer Bet?

Max Keiser, an ardent Bitcoin crusader but staunch top altcoins critic, took to his X account on the 3rd of January to share his opinion on $SOL. This came after the altcoin declined by 15.8% within a day. Keiser predicted $SOL could experience a massive price decline to $20, over 80% decline. While the prediction looks unlikely,  crypto investors can turn to $GFOX as a safer bet. The new meme coin is blasting through its ICO phase and will soon be retail exchanges. $GFOX is billed for an excellent rally upon launching on crypto exchanges. 

Galaxy Fox: Buzzing Meme Coin With Impressive ICO Performance 

Galaxy Fox is enjoying an incredible presale run. Its ICO performance is one of the best this year, and the meme coin is on the verge of being sold out. $ GFOX’s current presale phase is rounding up, and it will start the next stage with an increased price. Thus, interest investors can take advantage of the lower price at its present stage by joining the presale now. $GFOX developers allocated 3.5 billion tokens to the presale. Over 2.1 billion of these tokens are sold already, with the meme coin having only four presale stages left. 

This suggests that $GFOX has enjoyed massive adoption on presale. The meme coin has raised $2.4+ million and could reach $5 million before the end of its 10th presale phase. Galaxy Fox’s utility and success potential are responsible for its ongoing presale success. The meme project has an ecosystem characterized by fun, income generation, and togetherness. It houses a P2E game that allows players to compete with each other to get on the leaderboard. 

Top players on the leaderboard receive the $GFOX token as a reward. They can stake their winnings to earn $GFOX  or utilize it to get in-game items to improve their gameplay and earn. Galaxy Fox will also have unique NFTs, which users can trade for profit on top NFT marketplaces like OpenSea. You can mint the NFTs on the project’s website using the $GFOX token. 

The deflationary ERC-20 token is among the top altcoins with high success prospects this year, and market observers are optimistic about its potential to rally once it enters the market properly. 

$SOL Decline Worsens, Analysts Warn Against Impulsive Decisions 

$SOL is suffering an unpleasant change in tide. This has caused worries for many investors. The top altcoin is retracing drastically after months of constant pump and price gain. $SOL has now dropped from its $100+ price point after defending it for weeks. It’s currently changing hands around $94.77 after a considerable decline from $102 within the past few days. $SOL is back to bring the 5th ranking cryptocurrency by market value after suffering over 6.88% market capitalization decline. 

The sentiment is bearish for $SOL currently, as it looks to be headed to the $80 support zone. If $SOL falls below this zone, Max Keiser’s prediction may gradually become a reality. However, analysts believe $SOL will push back to its nearest resistance soon, around $100. The altcoin should be able to consolidate around here until it gains the momentum to test the resistance level beyond $100 again. The top cryptocurrency has what it takes to recover whatever loss before year-end, as it did in 2023. 

Market observers and price analysts have warned crypto enthusiasts against panic sales or buy. In their opinion, it’s best to observe the top cryptocurrency keenly before making any decisions. This makes $GFOX a potentially viable alternative to consider at the moment. While the meme coin may not be as prominent as the top altcoin, it could rival it for profitability. 

Conclusion 

Solana ($SOL) was the best-performing crypto asset among the top altcoins in 2023. However, the prominent cryptocurrency is experiencing some profit-taking and a potentially weeks-long pull-back. The $SOL decline is unexpected to many, as they believe it would keep its momentum for a prolonged period. However, in light of the recent decline and unfavourable predictions, opting for $GFOX presale could be the smart thing to do. The meme coin is buzzing and has excellent prospects. Act fast before the next scheduled price increase kicks in later this month!

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