Why So Many Market Analysts Think $ETH Will Hit $10K This Cycle, and $GFOX Will Replace $SHIB

Over the past few weeks, Ethereum ($ETH) has been riding the bullish waves, soaring past $3,000 in the process. Despite being one of the best altcoins in terms of returns, many top market analysts expect it to hit $10,000 in this bull cycle. 

Meanwhile, Galaxy Fox ($GFOX) has emerged as a top crypto to buy, as it aims to revolutionize the meme coin space. Many crypto experts are also backing $GFOX to overtake $SHIB in 2024. Read on to find out more about these bold predictions. 

>>BUY $GFOX TOKENS<<

Market Analysts Back Ethereum To $10,000 in This Bull Cycle

For the first time since April 2022, Ethereum ($ETH) has risen by more than 27% over the last 30 days, trading above $3,000. But according to a number of cryptocurrency analysts, $ETH will rise much further and surpass $10,000 as an all-time high by 2024.

This is mostly due to the optimistic attitude around the approval of spot Ethereum ETFs. The U.S. Securities and Exchange Commission (SEC) has received a recent request from the Coinbase team requesting approval of Grayscale's proposal to launch a spot Ethereum ($ETH) ETF.

Analysts at Bernstein predicted that an approval may come by May 2024. Staking on the network has surged in addition to growing institutional adoption. Recent announcements from Vitalik Buterin indicate that the Verkle Tree improvement will result in improved rewards for $ETH solo staking.

This bull cycle will see more improvements that will increase the Ethereum network's scalability. For these reasons, market analysts believe that $ETH will continue to rise to $10,000 and rank among the best altcoins during this bull cycle.

>>BUY $GFOX TOKENS<<

Galaxy Fox ($GFOX) To Replace Shiba Inu ($SHIB)

Just like Ethereum, Galaxy Fox ($GFOX) has received very bullish predictions from market experts for the 2024 bull cycle. Albeit a new project, many experts believe Galaxy Fox has the potential to replace Shiba Inu ($SHIB) on the list of top meme coins to buy.

Galaxy Fox has gained traction for its unique gaming ecosystem that incorporates elements of meme coins. This immersive web3 runner game features exciting NFT fox characters that are unique to their holders. Players will enter into competitions, play, and dominate the different virtual worlds while earning. 

The Galaxy Fox team has allocated 10% of the $GFOX token supply for the ecosystem. This is to ensure players and other ecosystem members are adequately rewarded. The top 20% of players within the game will earn even more of the $GFOX ERC20 coin.

In addition to its play-to-earn ecosystem, Galaxy Fox features some very exciting NFTs integrated into the game, a merchandise store, a marketplace, a staking pool, and token burn. These features put $GFOX in competition to be the number one meme coin of 2024.

$GFOX is already experiencing massive demand, with more than 2.7 billion tokens snaped up in the past few weeks. Its value has also increased by 230% to set a new high at $0.002178. However, these gains don't compare to the potential 50x rally these experts have forecasted for Galaxy Fox in this bull cycle.

Closing Thoughts

While it is not certain that Ethereum ($ETH) will hit $10,000 in this bull cycle, it is sure to be among the best altcoins with the biggest gains in 2024. Another cryptocurrency to buy for similar gains is Galaxy Fox ($GFOX).

With a revolutionary new platform looking to be the future of the meme coin space, $GFOX is set for a parabolic rise in 2024. Still priced at only $0.002178, Galaxy Fox is now the best cheap crypto to buy in this bull cycle.

Learn more about Galaxy Fox ($GFOX) here:

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