One of the best cryptocurrencies in the world with strong foundations, $SOL, has been steadily going down lately after a huge rally at the end of last year. Some experts think the ticket could soon trade for as little as $80. Meanwhile, good news about the Galaxy Fox going on sale soon keeps making moves in the industry. Experts keep telling people who want to buy a good cryptocurrency for short-term and long-term gains to do so.
$SOL is going down after a rise in December; technicals point to a $75 target.
According to data from CoinMarketCap, $SOL rose to $125.19 on December 25, 2023, taking advantage of the crypto market rise caused by the Bitcoin ETF saga. But within 30 days, it dropped by more than 33% to $82.66 as buyers sold the token to make money.
SOL LIVE MARKET
A platform that keeps track of cryptocurrency data called Santiment found that $SOL investors in the derivative market seem to be closing their deals because they think the token will continue to go down. Additionally, Santiment’s open interest data, which shows the current value of all open derivatives contracts for a certain coin, showed that by the middle of January, $SOL’s open interest had dropped to $226 million.
Even though $SOL’s price recently went up to $100, the derivatives and market data we talked about earlier suggest that it will probably drop even more, and in a few days, it could be selling at $75.
As the Galaxy Fox’s retail launch draws near, excitement grows. There are only two more pre-sale stages to go.
Galaxy Fox has two rounds left in its presale before its much-anticipated retail launch. As more crypto fans invest in it, the demand for its token also rises. People who buy in Galaxy’s Fox will be able to use its features when it launches. These features cover many areas of the crypto industry, such as NFTs, Play-to-Earn (P2E), Staking, and many more. In addition, its token has the potential to grow incredibly, giving buyers huge returns.
In terms of P2E gaming, Galaxy Fox runs a web3 game that gives $GFOX tokens to the best players as a prize. NFTs with special abilities and traits are also in the game, and players can buy them to get an edge over other players. At the end of each game season, the platform will also give rewards to the top 20% of that list.
Galaxy Fox is going to add 3000 new unique NFTs to the world. These can be made right from the website for the platform. The site also wants to open an NFT market where all Galaxy Fox NFTs can be bought and sold.
On its platform, Galaxy Fox will also let investors stake tokens to reward those who show loyalty to the platform by hanging on to a token for a long time. Galaxy Fox Stargate, the platform’s prize distribution hub, will give them rewards when they stake their $GFOX tokens.
Those who bought Galaxy Fox during the pre-sale earlier are already seeing big profits on their investments. Also, as the token moves through stages 9 and 10 and finally starts, they will make even more money.
At the current presale price of $0.002178, buyers are looking forward to the next rally, which will give them a return of about 9% when the presale moves on to stage 9. More interestingly, they think that $GFOX will go through the roof in value after launch because crypto fans will feel more and more pressure to buy the coin.
In the end
The fact that trend analysis says $SOL could drop to $75–$80 shows how risky it is to buy the token right now. So, for now, Galaxy Fox is the safer and better choice. It is quickly becoming a major player in the coin market, but it is still very new and has a much smaller market cap, which means there is a lot of room for growth and profit.
The Galaxy Fox is about to hit stores. Take 15% off when you join the presale today! To get more information, go to the website and join the Telegram group.
