Do Kwon Woes $LUNC Up 25% Despite $XRP Capable ETF and $GFOX Preparing for Retail Launch

Cryptocurrencies have a unique ethos that sometimes defies conventional wisdom and logic. A perfect example of this is the fact that Terra Luna Classic ($LUNC) is up 25% this month despite Do-Kwon Kwon’s legal troubles as the former Terra Luna CEO faces imminent extradition to the United States. Meanwhile, rumors are swirling that Ripple ($XRP) could possibly get an ETF, and a new presale is trumping all competition. Galaxy Fox ($GFOX) is preparing for retail release Best Cryptocurrencies to Invest in This quarter. Now it’s time to pick out these stories and see what insight they provide for the next two years of Mania.

Galaxy Fox ($GFOX) Ready for Retail Release

Galaxy Fox is preparing for retail launch. The biggest indicator of a presale’s future performance has always been its ability to generate initial momentum. Galaxy Fox’s blockbuster raised $3.5 million in a matter of weeks, and its ability to sell over 2.7 billion tokens signals a massive price discovery phase.

Already 93% sold out, the window of opportunity to become an early adopter of this hybrid protocol is closing fast. Galaxy Fox is one of the only tokens that blends the best of memecoin and P2E genres in its next architecture, resulting in exposure to both stories. The endless runner game awards prizes at the end of each season, and in this galactic ecosystem, gaming insights are converted into real money.

The look and aesthetic of Galaxy Fox offers the benefits of a classic memecoin. Token economics include traditional burning and the protocol includes staking rewards. All $GFOX holders can earn passive income, and due to tax exhaustion and unique implementation, these rewards are completely deflationary.

$GFOX’s title as the best cryptocurrency to invest in comes from its value generation and supply dynamics. As staking rewards begin to flow and demand for owning $GFOX increases, fewer tokens will hit the public market. New buyers will have to pay a premium, and $GFOX will experience sharp price adjustment events.

Terra Luna Classic ($LUNC) rises 25% following the delivery of founder Kwon Do-kwon

Terra Luna Classic rose more than 25% last month despite a Montenegrin court ruling that founder Do Kwon be extradited to the United States. This will be done in lieu of Kwon appearing in court in his native Korea. The $40 billion Terra Luna collapse devastated the cryptocurrency market and was one of the key events of the bear market.

Initially the story of $LUNC, the algorithmic pair of TerraUSD ($UST) must be one of the craziest things in cryptocurrency. They gathered without stopping and were finally engulfed in flames. Do-Kwon Kwon’s return to the press has propelled this short-term pump, but $LUNC is definitely not the best cryptocurrency to invest in. These short-term moves lend support to the adage that there is no such thing as a bad reputation.

Ripple ($XRP) Potential ETF?

Could Ripple Get an ETF? Will this be the third of the top ten cryptocurrencies to taste the sweet fruit of institutional capital? It’s unclear where these rumors originated, but Ripple CEO Brad Garlinghouse made a compelling case for the $XRP ETF, and more broadly, a broader selection of cryptocurrency ETFs for investors to choose from.

Ripple, which is branded as a cryptocurrency solution for businesses, stands to benefit hugely from the ETF. Unlock access to $XRP through a standard brokerage account, and if you find this ETF experiencing anything remotely close to $BTC style inflows, it will significantly increase the value of your $XRP. How much faith you place in these rumors is a whole different game, and the consensus among analysts remains that Ripple is vastly overvalued.