$XRP Long-Awaited Rally Delayed as Price Pumps 20%, Then Dumps; This Memecoin Poised for 100X

The post $XRP Long-Awaited Rally Delayed as Price Pumps 20%, Then Dumps; This Memecoin Poised for 100X appeared first on Coinpedia Fintech News

The popular Ripple Labs token, Ripple ($XRP) saw a surge of over 20% on March 10, sparking hopes of a long-awaited rally before the overall market began to dump, dragging the $XRP price down along with it. Nonetheless, the token’s resilience has gained the attention of many analysts and investors who anticipate the rally to continue once this correction has played out. Similarly, Galaxy Fox has gained the attention of investors and analysts for its potential to hit 100x upon its launch on DEXs.

$XRP’s 20% Price Surge Sign of What’s to Come?

Being the native cryptocurrency of the XRP Ledger payment network by Ripple Labs, $XRP has long been one of the most popular cryptocurrencies in the market. Since its price surge on Monday, there have been several discussions surrounding the coin’s price trend. 

This  rally in XRP’s price comes at a time when other cryptocurrencies, such as Bitcoin, Ethereum and especially memecoins, have experienced record-breaking highs and massive gains. The 20% price surge triggered a rally that allowed XRP to momentarily break its downtrend against Bitcoin, sparking fresh hopes for an $XRP comeback. The token’s new price was the  highest it’s been since its brief spike in November 2023. 

Prior to the surge, $XRP had fallen to a 3-year low against market maker, Bitcoin. This sudden price surge caused analysts to consider various reasons as to the new trend. Most analysts have suggested that $XRP’s price action may be due to large token movements from Binance. Earlier this week, there were reports of  a transfer of 300 million $XRP, worth $187 million from Binance’s address. While other transfers may have gone unnoticed, some analysts speculate the transfers are an indication of potential accumulation by whales.

Other analysts have stated expressly that $XRP’s 20% price could be indicative of traders shifting their attention and capital to tokens that have yet to rally this cycle. Despite the different speculations on $XRP’s surge, only time can truly tell what is happening with the coin. And there’s still much concern from investors over ongoing $XRP sell-pressure from its founders, who hold significant amounts of the token. Little wonder, $GFOX has become investors go-to favorite new ICO.

$GFOX Poised for 100x

$GFOX is clear proof that memecoins are back and they are back to change the utility and potential of the crypto market. With $PEPE garnering almost 200% profit in a matter of days, $DOGE and $SHIB making massive gains in the last 30 days; $GFOx has nailed the new future of memecoins.

$GFOX is the new hybrid memecoin with huge utility and passive income potentials. These features have positioned the token to reach 100x its current price upon its launch by Q4 2024.

This Ethereum based memecoin has raised over $4.5 million in the last few months. Early investors have already made about 300% of their investments at this point. 

Galaxy Fox is a hybrid of play-to-earn (P2E) and memecoin features, with both financial benefits and entertainment value. Its P2E Web3 endless runner game offers lucrative rewards for players, with the top 20% of participants earning prizes at the end of the season. These rewards can be exchanged for $GFOX tokens. 

The Galaxy Fox has a Marketplace with a proposal for about 3,000 NFTs exclusive to $GFOX holders. These NFTs can also be traded on popular platforms like OpenSea.

Galaxy Fox is devoted to community participation. In support of its community’s growth and sustainability, the network dedicates 2% of all transaction fees to the community. The token’s growing popularity can be attributed to the consistent efforts of its community across various social media platforms to hype the token’s potentials.

Staking rewards is another integral feature of the Galaxy Fox network. Early investors of the token’s presale will have priority access to these rewards.

Thanks to the network’s protocol burn, $GFOX stands out as one of the few assets that generates yields while being deflationary. The network is designed to periodically reduce its ( billion token supply, this will increase the token’s demand, price and value.

As the token prepares for its listening on decentralized platforms in Q2 2024, analyst have predicted the token will reach 100x its current price. With this prediction, the influx of investors to the $GFOX community has been unprecedented.

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Final Thoughts

The crypto market has been on a steady rise since January. Thankfully, $XRP has finally showed signs of life with an impressive 20% surge, despite this most recent market downturn that’s pulled $BTC back into the $60K levels. While the factors that have influenced the coin’s recent price surge are still debatable, there is more than enough evidence that new hybrid memecoin $GFOX is headed for the stars. 

If you’re looking for a token it’s a 100% price potential, $GFOX is the safest investment to reach this goal. At only $0.002376 per token you could be part of a life-time passive income community. Join the $GFOX community today and begin your way to financial freedom.

Learn more about $GFOX here:

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