Cardano Primed for Rally – $1 $ADA Incoming? $GFOX Taps $4.5 Million
Markets are bursting into the mid-market stage, and anybody still sidelined must be feeling the pain. The next massive trigger event will be the Ethereum ($ETH) Spot ETF approval, and investors have mere weeks left before things start going crazy.
Giants from the last cycle are already pumping, showing that retail money is flooding in again, and alternative layer ones are back in style. Cardano ($ADA) primed for a rally — $1 $ADA incoming? New memecoins are going ballistic, and Galaxy Fox ($GFOX) is sitting on the precipice of $4.5 million. Are $ADA and $GFOX the top cryptos to buy right now?
Cardano ($ADA) Ready to Target $1
Cardano continues moving closer to $1. Breaking yearly highs and tradings at levels not seen since 2022 $ADA is back. Activity has been skyrocketing, and in early March $ADA witnessed more than $2 billion in trading volume. DeFi TVL is at all time highs, and the rampant development on-chain is changing the market’s opinion of $ADA from a 2021 dinosaur to a top crypto to invest in this cycle.
On-chain activity drives demand for layer one tokens, and the release of multiple Cardano liquid staking tokens in DeFi has given this nascent ecosystem a great piece of collateral. Investors get to continue earning staking rewards and use their tokens as collateral for loans or yield farming. Cardano’s return and a new target of $1 is a sure sign that retail investors are back and the clock is ticking to deploy capital.
Galaxy Fox ($GFOX) Nears $4.5 Million
Galaxy Fox has delivered a masterclass in building early momentum and will likely surpass $4.5 million this week. Nothing can stop this new hybrid monster from becoming a 2024 bull market star. Integrating a play-to-earn game into a classic memecoin build
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