Two interesting crypto projects are in the spotlight recently – Ethereum Classic and Galaxy Fox. Ethereum Classic ($ETC) caught the attention of many investors and traders with its 35% surge.

Meanwhile, Galaxy Fox ($GFOX) is gaining traction with its ongoing presale, which is on track to hit the $3 million mark.

Why is Ethereum Classic ($ETC) Going Up?

Ethereum Classic ($ETC) has emerged as a dark horse, surging by a staggering 35% in a week.

But what’s fueling this unexpected rise? Ethereum Classic, which hard-forked from Ethereum ($ETH) in 2016, is outpacing its more renowned big brother. Hovering above $27, $ETC has soared by 35%, propelled by positive market sentiment following the approval of the first batch of Bitcoin exchange-traded funds (ETFs) in the U.S.

Ethereum Classic split from the Ethereum Blockchain over a disagreement with founder Vitalik Buterin’s decision to reverse a 2016 hack of smart contract system The Dao, which had experienced $60M in stolen Ether. While Buterin’s decision to turn back the clock on the hack was supported by the majority of the community, some developers thought it violated the “code is law” principle of blockchain – and thus Ethereum Classic was born. The Ethereum Classic blockchain continues to have a small, but devoted following of users and developers.

As to the question of why $ETC is pumping recently, part of it has to do with macro-conditions in the market.

Santiment, a leading on-chain analytics platform, reports a rise in $ETC trading volume, reaching levels not seen since September 2022. The report shows the recent surge is closely linked to the Bitcoin ETF announcement and marks a significant milestone for $ETC.

The coin’s recent bullish movement showcases heightened trader interest and a positive market outlook.

Galaxy Fox Presale Eyes $3 Million

Galaxy Fox has reached a significant milestone with $2.5 million in its presale. This momentum shows substantial investor confidence in this meme coin that’s not just riding the crypto hype but is set