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Bitwise has officially started its media campaign for the Bitcoin (BTC) Spot ETF, generating significant excitement as retail and institutional investors prepare to pour into the markets. This impending surge could lead to a repricing across the entire asset class.
Solana (SOL) is one asset being considered, with some predicting the coin to be among the top 5 in 2024.
Meanwhile, investors are also looking at Galaxy Fox (GFOX), a project some consider will be among the top 3 meme coins next year.
Solana might break into top 5
Solana has emerged as a significant force in the layer-1 trade, injecting vitality into the cryptocurrency landscape.
Its dominance is evident, particularly on platforms like X, where trading meme coins on its efficient blockchain has become prevalent.
Solana recently surpassed Ethereum’s 24-hour trading volume on decentralized exchanges despite Ethereum’s considerably larger market cap.
The platform’s attractiveness to new investors stems from its cost-effectiveness and swiftness. It enables transactions at a fraction of a cent.
Protocols like Jito (JTO) have also been contributing to this demand.
Despite the FTX estate liquidating SOL, the uptrend remains. At this pace, some analysts remain bullish, expecting the coin to be among the top 5 in the next year.
Galaxy Fox can be a meme coin king
Galaxy Fox has raised over $1.3 million in the ongoing presale.
The meme and play-to-earn (P2E) hybrid project is also generating attention and is being considered by investors.
Galaxy Fox has a token burn strategy that ensures a diminishing total supply of GFOX, amplifying scarcity and, consequently, value.
Moreover, GFOX holders can stake and earn rewards.
Taxes from buying and selling contribute to staking payouts, creating an appealing proposition for presale participants.
Based on these features, experts remain bullish on GFOX, expecting it to rally in 2024.
Notably, 80% of tokens will be live at the token generation event (TGE) presale, and there will be no future dilution.
Closing thoughts
Solana and Galaxy Fox can extend gains in 2024.
SOL is a major altcoin, while GFOX is a small-cap meme project. Combining these two assets creates a robust and potentially high-reward portfolio.
Investors can explore GFOX in the ongoing presale.
Learn more about GFOX here:
Visit Galaxy Fox Presale | Join the Community
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Source: https://crypto.news/solana-can-be-in-top-5-in-2024-will-this-project-lead-meme-coins/