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One of the top performers in the October and November cryptocurrency rally was Solana ($SOL). The altcoin outperformed the rest of the market with a 200% price increase.
The price increase might continue into December. Predicted to conclude the year with a threefold price increase, $SOL is among the best altcoins to buy.
Another altcoin that has built bullish momentum is Galaxy Fox (GFOX). The uniqueness of the project has earned it massive support from the crypto community. But can $GFOX experience a 10x price jump after its crypto presale? Let’s find out.
From October to November, the price of Solana ($SOL) jumped from $21 to as high as $68. Although the rally cooled off in mid-November, with the $SOL token dropping back to $60, the altcoin has shown the potential for more gains.
The upside potential of Solana has been attributed to several factors. First, the network has grown at a tremendous pace, challenging Ethereum. The cost of operating on the network is also significantly cheaper than other blockchains, making it one of the best altcoins to buy.
The DeFi network of Solana has also recorded a significant jump in interest. Several projects, including BONK, ranked as one of the best meme coins to buy now. They also recorded major gains, aiding the growth of Solana. Lastly, many analysts have stated that the price of $SOL is underpriced.
These predictions have hinted at massive growth in the Solana price. Real Vision CEO Raoul Pal has called Solana one of the best altcoins to invest in, projecting a price of $400. Jacob Canfield projected a price of $1,000 by early 2024. This makes a 3x price jump to $180 seemingly possible in December.
Will Galaxy Fox surge up to 10x?
Another altcoin that has attracted massive bullish attention in recent weeks is Galaxy Fox ($GFOX). The project has been praised as one of the best ICOs because of its uniqueness. Galaxy Fox has seamlessly merged two industries in the crypto space — meme coins and play-to-earn (P2E) gaming.
As an innovative project, Galaxy Fox has been positioned to lead a new sector — meme coins with massive utility. An immersive web3 endless runner game serves as the foundation for the Galaxy Fox ecosystem.
Within this virtual world, players will select and build unique fox characters with a mission to dominate the galaxy. Players will face off against one another for the top spots on the intergalactic leaderboard as they cement their legacies in the virtual world.
The leaderboard will also be used to reward gamers. The higher they are ranked after every competition, the greater their rewards will be. The rewards would be in digital assets and the ERC 20 coin of the Galaxy Fox ecosystem.
Galaxy Fox is also used for staking and performing governance activity within the network. This has been added to allow investors to earn passive income. The project has gained massive support already and raised over $450,000 in just a few weeks.
While Solana is primed for massive gains, it could well be outperformed by Galaxy Fox. This is because projects at the forefront of innovation in the crypto space have always recorded massive growth.
This is why $GFOX is being featured among the best altcoins to buy. As such, analysts have projected massive growth for Galaxy Fox, reaching up to 10x after the presale of the project is completed.
Ranked as one of the best cryptocurrency investments, now is the best time to acquire $GFOX now, it trades at $0.0.0008778. So make sure to check out their presale today.
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