TLDR
Altcoins like EIGEN, XRP, and $GFOX stand out in a competitive field.
XRP looks to survive a crackdown by the SEC and regain its potential.
$GFOX is gearing up for launch with investors keen on the utility memecoin.
Tracking altcoin potential is a favorite pastime for crypto investors. New projects like Galaxy Fox are in the mix even as heavyweights like XRP fight to retain their place at the top.
Newer altcoins like Eigenlayer’s EIGEN and GFOX are some of the best crypto to invest in because of potential upside. Finding the next Bitcoin or Ethereum that can give an investor 10X or 100x return is the goal. For a cryptocurrency to deliver such a return it has to be unique in a competitive landscape.
$GFOX has the edge in a historically rigid field. A meme coin with utility is a novelty and instantly makes it one of the best cryptocurrencies to buy. Investors certainly got on board with a presale that raised over $6 million. This level of interest is a glimpse of what is in store once the project launches in the next few days.
So, looking at getting exposure. Here’s why these projects can rise 10X in 2024:
XRP Looking to Regain its Footing
XRP became a top five cryptocurrency platform shortly after launch. Its promise of rapid transaction settlement seemed to be what cryptocurrencies needed for crossover appeal. However, this rapid rise almost came to a stop when the Securities and Exchange Commission filed a lawsuit against Ripple for alleged Securities Laws violations.
Should XRP settle the case with the SEC, it could get wind in its sails and roar above $1 and even $10, printing fresh all-time highs. XRP traders anticipate a positive outcome to push the altcoin back onto the high table.
Remedy briefs will be made public in the coming days. If Ripple ends up paying the $10 million they propose, not the $2 billion the SEC wants, XRP prices will fly.
EIGEN: The Driver of the Multi-Billion TVL Protocol, EigenLayer
Eigenlayer, the DeFi protocol that’s in high demand, allowing users to restake and help secure other platforms is, for lack of a better word, on fire.
To capitalize on its success, they announced that those who restaked, channeling assets to its platform will qualify for a portion of EIGEN.
The airdrop is ongoing and recipients will begin trading once the platform launches its mainnet in September.
Since EigenLayer already has a TVL of over $15 billion, hopes are high that EIGEN will easily rally 10X, even outperforming the stellar performance Uniswap posted once it airdropped UNI.
$GFOX Ready to Rip After Successful Presale
Galaxy Fox is listed for $0.04 in April on Uniswap. This price is a discount relative to what the platform offers for its community.
It is a play-to-earn game that incentivizes user participation through innovative gaming rewards for users. $GFOX is a twist on earlier meme coins that had no utility.
The project will launch its state-of-the-art game and an NFT marketplace in May. Users can collect, trade, or stake NFTs, which makes them vital assets within the ecosystem. Galaxy Fox gameplay involves nurturing digital fox characters that engage in exciting battles and earn rewards for users.
Staking ensures that even those who don’t actively play the game derive value from this ecosystem. The platform has developed a staking pool that has sufficient liquidity to handle swaps.
Once the game launches, GFOX will likely break $1 in the coming months; a over 10X surge from spot rates. Accordingly, the potential upside is what makes $GFOX a must-have token for investors hunting for returns.
For Info about $GFOX, visit Galaxyfox.io
Conclusion
The crypto market is a beehive of activity as investors try to project upcoming trends. XRP will look to shake off the SEC crackdown and get the all-clear.
$GFOX has the promise of the next $1 crypto. A combination of a robust game and staking returns for users gives it an edge over meme coins like Dogecoin. This structure makes it likely to feature among the best new altcoins of the year.
Visit the Galaxy Fox website today to learn more about the project before launch.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
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