On January 10, the SEC approved 11 spot Bitcoin ETFs after years of waiting and many denials, but in a largely unexpected twist, it was Ethereum that saw the biggest gains. Galaxy Fox (GFOX) is gearing up for its next presale round. Let’s learn more about these developments.
Ethereum Sees Larger Gains than BTC Post-ETF Approval
Many people expected BTC to outperform the market after spot Bitcoin ETFs were finally approved. That, however, was not the case. After a brief rise above $48,800, $BTC has been trading around the $43,000 region. By comparison, Ethereum rose by more than 13% in 36 hours. As a result, the price of Ethereum rose from $2,250 to more than $2,600,
While it was a historic day for Bitcoin, the approval has paved the way for Ethereum to get its own spot ETF. This excitement ignited the rally for ETH, as the market had yet to price in this news.
Galaxy Fox (GFOX) Heads Into Next Presale Stage
GFOX recently entered stage 7 of its presale but has already sold out 87% of this stage. Galaxy Fox has created a blockchain gaming ecosystem that is a hybrid of GameFi-meets-memecoin ecosystems, comprised of four major components: a P2E game, NFTs, an NFT marketplace, and a goods store. The game takes place in a virtual world where foxes explore and conquer many regions, running through different challenges.
For their participation and achievements in the game, players will receive digital assets and GFOX (the platform’s ERC20 coin). The team has announced a 3,000-piece NFT collection, and are integrated into the game to serve a purpose of enhancing the player experience.
GFOX is now trading for $0.00198, a significant increase from its stage one price of $0.00066.
Learn more about Galaxy Fox (GFOX) here: Galaxy Fox Presale | Telegram Group | Twitter
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