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This article explores the growth potential of Chainlink (LINK), Solana (SOL), and ethereum (eth). He also delves into Galaxy Fox, a crypto project that is targeting $4 million in the ongoing pre-sale.
Chainlink is resilient
Despite the market decline, LINK has remained strong.
The token has recovered and is trading above the $14.2 support level.
This may suggest that buyers are still interested in Chainlink and that there is potential for further growth.
Market sentiment surrounding the launch of bitcoin spot ETFs forced prices to move sideways.
Specifically, LINK has been moving within an expanding channel.
Solana in focus
Solana's trading volume has been increasing as prices rise to $84.
On-chain transactions now exceed $36 billion; driven in part by increased meme coin activity.
ethereum is recovering
ethereum rose 20% between January 8 and 11, but failed to surpass $2,600.
Despite a recent drop to $2,560, eth is up 19.5% against bitcoin (btc) since January 8.
If anything, analysts say eth's outperformance is notable, considering its struggles in recent months, such as a drop in decentralized finance (defi) total value locked and its relatively high gas fees.
The pre-sale of the Galaxy Fox points to 4 million dollars
Galaxy Fox pre-sale investors are aiming for $4 million.
The project's combination of GameFi and meme coin elements has attracted early investors. Its popularity could also continue to increase.
GFOX supporters are optimistic, citing Galaxy Fox's many features such as a Web3 endless runner game, NFTs for in-game upgrades, staking rewards for holders, and a deflationary tokenomics model.
Conclusion
LINK, SOL and eth are unique and may recover in the coming months. Still, investors are bullish on Galaxy Fox and expect GFOX to rebound in 2024.
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