Galaxy

Bitcoin

Fantom

Galaxy Fox

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. 
The crypto market saw a strong recovery today following <a href="https://www.cnbc.com/2024/05/15/cpi-inflation-april-2024-consumer-prices-rose-0point3percent-in-april.html" target="_blank" rel="">the CPI report</a> that US inflation is now at 3.4%. Bitcoin pumped 7% to $66k on the news, while some altcoins, such as Fantom (FTM), rose by almost 30%.&nbsp; 
AI coins also reacted well to this news, with Near Protocol (NEAR), one of the leaders in the AI crypto sector, pumping 17% today. Meanwhile, some low-cap meme coins did well too, with <a href="https://galaxyfox.io/?utm_source=web&amp;utm_medium=pr&amp;utm_campaign=crypto.news&amp;utm_content=135" rel="">Galaxy Fox (GFOX)</a> price pumping 33%. Let’s dig into the details… 
<h2 class="wp-block-heading" id="fantom-ftm-price-prediction">Fantom (FTM) price prediction</h2> 
FTM price is trading around $0.81 after pumping 26% today. Coinpedia <a href="https://www.tradingview.com/chart/FTMUSD/zThebf1m-FTM-breakout-Rally-Eyes-1-85/" target="_blank" rel="">posted</a> an analysis that highlights a robust bullish reversal for FTM. An impressive 26% increase in the last 24 hours marks a significant turnaround, underlining strong buyer interest. 
&nbsp;A substantial overnight jump in Bitcoin has catalyzed a broader altcoin sector recovery, benefiting Fantom significantly. The current momentum suggests that FTM is well on its way to surpassing the $1 milestone.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/aXYL8OXn_plMdLMgF5GBihz3bFZFghCPw6AXEjmT2NhKA3wo0500FvPKc5yp3GXwVJTYCd1-o4jGTp0yzVfZdhH2nJmXAMWUnmh4FdaTPTvS9ThHogekLsUKnSIBWG4dyf557KG56_0VcQdlH7XfQNc" alt="Fantom leads altcoin rally; Near Protocol eyes $10 as GFOX meme coin pumps 30% - 23">
</figure> 
<a href="https://galaxyfox.io/?utm_source=web&amp;utm_medium=pr&amp;utm_campaign=crypto.news&amp;utm_content=135" rel=""></a> 
A spike in trading volume supports the ongoing surge, indicating solid bullish conviction among traders. The RSI nearing the 70% line showcases a dramatic increase in buying pressure and market enthusiasm. Breaking above the 50-day EMA has successfully averted a potential death cross, reinforcing the bullish outlook.&nbsp; 
The price challenges the 23.60% Fibonacci level at $0.8194, with eyes set on further gains. If momentum continues, FTM could not only breach $1 but could aim for the $1.618 Fibonacci level at $1.85. The end of a consolidation phase paves the way for a new bull run, potentially leading to substantial price increases. 
 You might also like: <a href="https://crypto.news/bitcoin-supercycle-gains-momentum-as-gfox-dominates-market/" rel=""> Bitcoin supercycle gains momentum as GFOX dominates market </a> 
<h2 class="wp-block-heading" id="near-protocol-near-leads-ai-crypto-rally-as-price-eyes-10">Near Protocol (NEAR) leads AI crypto rally as price eyes $10</h2> 
NEAR price is trading around $8 after pumping 17% today. Coinpedia <a href="https://www.tradingview.com/chart/NEARUSD/DtBT5ubo-Will-NEAR-Price-Break-Above-10-This-Time/" target="_blank" rel="">posted</a> an analysis indicating a notable 14.70% jump overnight, reflecting strong market entry and bullish sentiment. The daily chart shows a rising channel pattern, suggesting a stable and consistent uptrend for the coin.&nbsp; 
The positive wave structure from under $6 to current levels emphasizes sustained buying interest. A broader market recovery, aided by a spike in Bitcoin’s price, provides additional momentum.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/GcY-we3bvqWD9w-sweBE0h2pBvwyFi5GFI9FBHBKszRCnwmknIEj4yMOYr_MszDTXn6v7NOTfjEY3E2CyUC6Qp7FYL6Opn1TsZs0GTQZgwQ744s7dupp7bF5UmVHDCTGiGaJqO0clBeV6GrezqHG8x8" alt="Fantom leads altcoin rally; Near Protocol eyes $10 as GFOX meme coin pumps 30% - 24">
</figure> 
<a href="https://galaxyfox.io/?utm_source=web&amp;utm_medium=pr&amp;utm_campaign=crypto.news&amp;utm_content=135" rel=""></a> 
The price is challenging the overhead resistance trendline, aiming to solidify gains above the $8 mark. A 126% increase in trading volume bolsters the likelihood of a breakout rally, underscoring robust market participation.&nbsp; 
The RSI remaining above the halfway line with an uptick reflects increasing demand and a bullish market for NEAR. A positive uptick in the Directional Movement Index (DMI) and ADX points to a strengthening bull run.&nbsp; 
Technical analysis suggests that hitting the 1.618 Fibonacci level at $16 is plausible, following potential stops at $10 and $12. While there’s a strong case for upward movement, a fallback to retest $6.215 remains possible if momentum wanes. 
<h2 class="wp-block-heading" id="galaxy-fox-gfox-memecoin-explodes-33">Galaxy Fox (GFOX) memecoin explodes 33%</h2> 
Galaxy Fox meme coin launched on Uniswap and <a href="https://www.dextools.io/app/en/ether/pair-explorer/0x92ee0df7f6b0674cabc9bfc64873786fa7be82d0?t=1715844674743" target="_blank" rel="">Dextools</a> in April, but the price experienced some pumps and retracements since then. In the last 24 hours, this low-cap meme coin reacted well to positive market conditions and pumped over 30%. 
The current market cap is around $600k, which is very low. The total supply of the GFOX token is 5 billion tokens.&nbsp; 
 You might also like: <a href="https://crypto.news/base-joins-meme-frenzy-as-brett-takes-off-gfox-set-to-top-lists/" rel=""> BASE joins meme frenzy as BRETT takes off; GFOX set to top lists </a> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/FzMy6Fd9T74v2qAhRCnt0XLOgV5J8a6tDj3D0acNon52KcbVgVTudK9gIfTTUApCjQiGtsWKqY-rZ0A8u1aBOkqtffM9-o26AtAInCnuGZQt0mYawUhSjMXkZWGLdFkeYJlUVElM0C8qVBl2At4DOW8" alt="Fantom leads altcoin rally; Near Protocol eyes $10 as GFOX meme coin pumps 30% - 25">
</figure> 
<a href="https://galaxyfox.io/?utm_source=web&amp;utm_medium=pr&amp;utm_campaign=crypto.news&amp;utm_content=135" rel=""></a> 
This fixed max supply steadily diminishes over time due to the token’s deflationary tokenomics, fostering scarcity in the circulating supply. The self-reported circulating supply is also 5 billion GFOX tokens, with the circulating supply slightly above 1 billion tokens. 
On May 12th, they launched their web3 runner game, offering players the opportunity to earn GFOX tokens based on their in-game performance.&nbsp; 
Players can compete to be in the top 20% and receive rewards that can be exchanged for <a href="https://galaxyfox.io/?utm_source=web&amp;utm_medium=pr&amp;utm_campaign=crypto.news&amp;utm_content=135" rel="">GFOX</a> tokens, creating a motivating reward system.&nbsp; 
The game features unique NFT assets that players can purchase for temporary attribute boosts, adding a strategic layer to the gameplay. It involves piloting war aircraft, collecting points, and engaging in enemy battles with the primary objective of amassing enough points to secure a spot on the leaderboard for rewards based on the player’s ranking.&nbsp; 
This integration of a web3 game with a meme coin like Galaxy Fox offers a fresh perspective in the crypto gaming space, blending meme coin culture with a genuine gaming experience based on blockchain technology. Additionally, Galaxy Fox had a successful crypto presale before launching on Uniswap, raising over $6 million. 
<h2 class="wp-block-heading" id="conclusion">Conclusion</h2> 
To sum it up, Fantom (FTM) is showing strong bullish momentum, with the potential to surpass $1 and aim for the $1.618 Fibonacci level at $1.85. Near Protocol (NEAR), a leader in the AI crypto sector, is also seeing a significant uptrend, with technical analysis suggesting the possibility of hitting the 1.618 Fibonacci level at $16.&nbsp; 
Meanwhile, low-cap memecoin Galaxy Fox (GFOX) saw a substantial 33% pump, driven by the launch of its web3 runner game and the integration of a memecoin with a blockchain-based gaming experience. 
To learn more about this project, <a href="https://galaxyfox.io/?utm_source=web&amp;utm_medium=pr&amp;utm_campaign=crypto.news&amp;utm_content=135" rel="">visit the GalaxyFox presale website</a> or <a href="https://t.me/galaxyfoxtoken" target="_blank" rel="">join the community</a> 
 Read more: <a href="https://crypto.news/ton-surges-amid-uncertainty-gfox-p2e-game-set-to-launch-this-week/" rel=""> TON surges amid uncertainty, GFOX P2E game set to launch this week </a> 
 Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Fantom leads altcoin rally; Near Protocol eyes $10 as GFOX meme coin pumps 30%

Table of Contents

crypto.news

Other articles published on May 18, 2024

Here’s why Fantom price is up by 25%

Altcoins Poised to Explode in Value

Gamestop Moon (GMEMOON) Will Skyrocket 9,000% as Huobi Listing Announced, While Shiba Inu and Dog...

‘Godfather of AI’ advises UK government to start UBI

Tether Leverages Holepunch Tech for New P2P Financial Terminal

Exploited Funds Worth $3.9 Million Frozen by Alex Labs

Join our free newsletter for daily crypto updates!