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HomeNewsHere’s What The Ethereum Upgrade Means for These $LINK & $MATIC

Here’s What The Ethereum Upgrade Means for These $LINK & $MATIC

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As Ethereum undergoes a major upgrade, it’s crucial to assess the impact on various digital assets. This article delves into the potential implications of the upgrade for three cryptos: $LINK, $MATIC, and the best cheap crypto to buy right now, Galaxy Fox.

$LINK: Navigating the Real-World Asset (RWA) Boom

Chainlink has experienced a surge in interest, particularly within the Real-World Asset (RWA) sector. The sector’s growth, anticipated to reach a trillion-dollar market, has propelled $LINK’s price, sparking discussions about its sustainability and future trajectory.

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and strategic partnership with Swift position it as a key player in the RWA space. The project’s proficiency in providing crypto price feeds to major DeFi protocols, coupled with its involvement in the tokenization of real-world assets, contributes to its competitive edge.

While $LINK has encountered resistance, the potential reversal of the early 2022 downtrend looms. The sustainability of its upward trend may hinge on staying above the $17.82 level, which it has been able to do recently. Chainlink’s initiatives, such as opening $LINK staking pools, reinforce its utility and value, making it a coin to watch amid Ethereum’s upgrade.

$MATIC: Decoding Crucial Support Levels

Polygon, a prominent Layer 2 scaling solution for Ethereum, faces a pivotal moment as it approaches a significant support level. This juncture, considered make-or-break by many traders, holds the key to determining whether $MATIC can withstand bearish pressure or succumb to it.

Despite a potential death cross scenario, indicated by a cross of long-term moving averages, the descending volume suggests a waning bearish momentum. If $MATIC maintains its support level and initiates a reversal, it could defy bearish implications and signal a trend change.

For Polygon, this juncture represents a critical phase that could either strengthen investor confidence or test holder resolve. A successful rebound from this support level could set the stage for a bullish scenario, with the first target around the $0.8468 resistance mark.

$GFOX: Paving the Way for Play-to-Earn (P2E) Innovation

In the midst of Ethereum’s upgrade, Galaxy Fox emerges as a trailblazer in the play-to-earn (P2E) space. With an already successful presale raising over $3 million, $GFOX stands out as the best cheap crypto to buy right now.

At the core of Galaxy Fox’s appeal is its classic endless runner game with a Web3 twist. The game offers top-ranked players the chance to earn prizes redeemable for $GFOX tokens at the end of each season. The introduction of 3,000 unique and the coolest NFT assets enhances gameplay, providing in-game skill bonuses and contributing to the next prize pool.

What makes Galaxy Fox a good crypto to buy is its innovative approach to ensuring every $GFOX holder unlocks outstanding income. The Stargate module, fueled by taxes from buy and sell transactions, facilitates staking payouts and passive income for token holders. This mechanism not only benefits holders but also contributes to the expansion of the ecosystem through the Treasury.

With a dynamic pricing mechanism in the presale, where the token price increases with each stage, urgency is apparent in securing $GFOX tokens. The deflationary nature of $GFOX, together with the presale’s achievement and low price points, places Galaxy Fox investors for success without concerns about future dilution by emissions.

Conclusion: Explore the Galaxy Fox Opportunity

The Ethereum upgrade brings both challenges and opportunities. Among the coins discussed, Galaxy Fox stands out as a beacon of innovation and the best cheap crypto to buy right now. As Ethereum evolves, consider exploring the Galaxy Fox opportunity, with its presale in Stage 7 $GFOX tokens available for purchase at $0.00198 each.

Don’t miss the chance to be part of a community poised for success. Visit the Galaxy Fox website and join the community via Telegram. The crypto journey is vast, and Galaxy Fox is ready to lead the way.

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

 

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John Kiguru
John Kiguru
John Kiguru is an accomplished editor with a strong affinity for all things blockchain and crypto. Leveraging his editorial expertise, he brings clarity and coherence to complex topics within the decentralized technology sphere. With a meticulous approach, John refines and enhances content, ensuring that each piece resonates with the audience. John earned his Bachelor's degree in Business, Management, Marketing, and Related Support Services from the University of Nairobi. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space. Business Email: info@ethnews.com Phone: +49 160 92211628
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