2023 has been a great year for Bitcoin investors. As many expect the approval of the first US spot Bitcoin exchange-traded funds to happen early next year, the price of Bitcoin has shot up tremendously. However, on Sunday, Bitcoin experienced a sharp 11% decline as investors took profits. Bitcoin is still up 11.8% from last month, but the bull run seems to be ending, leading investors to focus on the best altcoins to invest in.
If you have been wondering what is the best crypto to buy now that bitcoin is in the dips, these 3 altcoins should be among your top choices.
What you'll learn 👉
$GFOX
First on our list of the best altcoins to invest in is $GFOX, this play-to-earn meme coin has entered the market with a bang. Currently, in the 3rd stage of its fast-selling presale, $GFOX has sold upwards of 1 billion tokens, raising more than $900,000. With one $GFXO token going for $0.0011, $GFOX is not just one of the best altcoins to invest in but also one of the best cheap cryptos to buy.
$GFOX’s warm acceptance in the crypto market is not out of sheer luck. The project offers investors a high-potential cryptocurrency that is bound to change their financial lives.
For example, $GFOX is designed to reward early presale participants with the most gains. A good example is those who invested in the early days of the presale, they are looking to make at least a 450% return on their investment before the project launches.
Those who bought $GFOX tokens in stage 2 of the presale have already seen a 30% price increase, and they will continue to reap rewards as the presale progresses.
But that is not all, the $GFOX ecosystem has a token burn mechanism embedded in it. This means that a portion of the $GFOX tokens in circulation will be burned periodically, reducing the total circulating supply. This is a great move that will reduce the supply of $GFOX as the demand increases, leading to an increase in the value of the token.
$BONK
$GFOX isn’t the only one among the top 10 altcoins that has been on a tear. $BONK, the first dog-based coin on the Solana platform has been trending for over a month now, leading to a whopping 500% growth in just 30 days. This coin, which was initially airdropped to the $SOL community on Christmas day of 2022 has now amassed over 600,000 users and a market cap of more than $800 million.
In the past week alone, $BONK has grown by 101%, to trade at $ 0.0000128. This growth has been led by the resurgence of the $SOL network. $SOL was hit hard by the crypto winter of 2022, and the collapse of the FTX cryptocurrency. However, it has regained its value, causing most of the tokens within its ecosystem to shoot upwards.
$AVAX
Last but not least on our list of the best altcoins to invest in is $AVAX. $AVAX is the native coin of the Avalanche blockchain, which is designed to be a faster, more versatile, and affordable alternative to Ethereum.
In the recent bull run, $AVAX has emerged as one of the best altcoins to buy now due to its fast growth. In the past month, $AVAX has grown by 146% to trade at $41. Weekly charts show a growth of 81%. This growth is likely due to the increased flow of speculative juices in the crypto market, triggered by the extraordinary bitcoin rally.
Final Word
Shooting for the moon? These three altcoin alternatives will get you there. With their recent gains, there is no doubt in investors’ minds that these altcoins will continue to make profits for investors well into 2024 and beyond. Fortify your portfolio with these gems for a profitable year ahead. Be sure to get in on $GFOX while it’s still in presale, before the next scheduled increase of 18% that’s set to hit in just a few days.
Learn more about $GFOX here:
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