BlackRock’s spot Ethereum ($ETH) ETF has been confirmed following a Nasdaq filing. Institutional capital will be wading into $BTC markets and, later next year, into $ETH markets. The best meta-play? Buying small-cap tokens in the Ethereum ecosystem. Micro-caps under the Ethereum umbrella look ready to enjoy serious gains as the valuation of $ETH surges: a rising tide lifts all boats.
But it remains a troublesome question. Which crypto to buy today for long-term gains? Many investors didn’t catch the Solana ($SOL) and THORChain ($RUNE) wave. Luckily, the market has handed that another winning chance with Galaxy Fox ($GFOX) presale.
Galaxy Fox ($GFOX) Ethereum Ecosystem Thesis
Confirmation of an Ethereum Spot ETF product will be overestimated short term and underestimated long-term. The best way to capitalize on this enormous capital funnel into $ETH’s valuation is to buy small-caps within its ecosystem.
Galaxy Fox is a thriving ecosystem centered around a Web3 runner. The play-to-earn model means gamers with skill earn each season, with the top 20% of the leaderboard receiving prizes. Additionally, Galaxy Fox employs a deflationary tokenomics model, increasing the value and scarcity of the $GFOX tokens on the open market.
Even better is the fact that early presale participants will secure 450% price gains before launch due to staggered price increases. Microcap gems like Galaxy Fox within the Ethereum network are poised to enjoy a wild two years in the bull market. Get exposure to GameFi and the Ethereum Spot ETF by owning $GFOX- the perfect $ETH beta trade.
Solana ($SOL) Firedancer Rally
Solana has made an incredible rally over the past month and blown doubters out of the water. Following the crippling blow of the FTX debacle and rumored mass selling of the $SOL token from the estate, Solana has risen from the ashes.
The big news surrounding Solana, outside speculation on its future price, is the validator client ‘Firedancer’ built by Jump Crypto. Firedancer has launched on testnet and will further improve the performance of Solana- already one of the fastest layer one chains in existence.
Analysts have flipped from bearish to bullish and included $SOL when considering which crypto to buy today for long-term gains following this incredible reversal.
THORChain ($RUNE) Native Asset Swaps
THORChain has been another bear market over-performer and was one of the best cryptocurrencies to buy last month. Experienced crypto traders have always appreciated the utility of THORChain. Swapping native assets cross-chain avoids reliance on wrapped assets and improves security.
But the driver of THORChain’s recent rally was the deployment of its lending branch, allowing for loans against native assets with 0% interest. Analysts remain bullish on the native token $RUNE, forecasting a potential high of $8.67 in 2024.
Closing Thoughts: Ethereum Ecosystem Set to Explode
Solana is already among the top 10 cryptos, and THORChain is in the top 50. Investors who did not buy two months ago have missed the meat of the move. But the bull market will present many more opportunities, and the smaller the market cap, the more lucrative they will be.
Investors who understand market caps will have already realized that a micro-cap in the GameFi space launching in a bullish environment is a winning combination. Returning to the question of which crypto to buy today for long-term gains. There is no better answer than $GFOX for investors wanting to win this cycle big.
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