Altcoin season has descended, and the next six to twelve months will be absolutely wild. Avalanche ($AVAX) has broken into the top 10 crypto coins ranked via market cap, and further downstream, plenty of exciting projects are being launched.
Galaxy Fox ($GFOX) cruises towards the $1 million milestone, and with majors rallying and presales ripping, there has never been a better time to hold altcoins. Technically, the best time to buy was six months ago. The second best time is now. In six months, investors who did not buy today will be depressed at missing the opportunity. Do not miss altcoin season- it is where all the real money is made.
Avalanche ($AVAX) Red Coin Breaks Top Ten
Avalanche launched last cycle and was part of the Ethereum Killers cohort. It suffered a brutal decline during the bear market but has bounced back from its $8 lows and has been dominating the Crypto Twitter mindshare. Known colloquially as the ‘Red Coin,’ Avalanche’s bear market development has already set the stage for its bull market rally.
Its Subnets program allows institutions to deploy box-ready blockchains (permissionless and permissioned) without having to create their own validator set. JPMorgan has already begun leveraging this service, and the Vista Fund contains $50 million to further encourage the deployment of RWAs on the chain.
Set to become a dominant player in the RWA landscape and already currying favor with institutions, it is no surprise that $AVAX has shot into the top 10 crypto coins by market cap. The only question that remains is how much more juice can traders squeeze out of this rally.
Up 4X from its lows, investors will need to search for more exotic opportunities. The best cryptocurrencies to buy are those rallying towards the top ten, not those already there.
Galaxy Fox ($GFOX): All Aboard the Galaxy Train Next Stop 100X
Galaxy Fox has come out of nowhere and become the dominant ICO on the market. This play-to-earn project has seen unprecedented success in its presale funding and already raised over $1 million. Few projects generate such early momentum, and $GFOX promises to be one of next year’s most explosive price discovery rounds.
The core of the ecosystem is a classic runner game reminiscent of Temple Run. Players compete globally to end the season in the top 20%, and those who are successful in this endeavor earn prizes exchangeable for $GFOX tokens. But a simple P2E model does not explain why Galaxy Fox is being called the top crypto to invest in before 2024.
Staking rewards, an ingenuous taxation system, deflationary tokenomics, and NFTs all play their role in the answer, and experts focused primarily on staking rewards. These passive income flows allow any $GFOX holder to earn around the clock, and notably, Galaxy Fox funds these payouts with taxes instead of token emissions.
The end result is that users earn native yield on a deflationary asset, and there will be no dilution for long-term holders. This huge preference towards early investors means that these stakers will gradually own a larger percentage of the supply with time.
This unusual asymmetrical upside for early investors is why the presale has been so successful in raising funding. Even better, early participants will enjoy staggered price rises thanks to the dynamic pricing mechanic. Those who are fast can get in during Stage 3 (already 90% complete) and enjoy seven further rises.
Closing Thoughts: Altcoin Season Begins
Altcoin season has begun, and investors want to arrive early. Being early is the name of the game in crypto, and those who arrive first secure the largest gains. The investor is late to the trade if the token is already in the top ten.
Presales are the real gems during this market phase, and participating in the Galaxy Fox ICO today sees an investor voting with their dollars today for a better portfolio tomorrow. Experts shortlisted $GFOX as one of the top 10 crypto coins for upside potential in 2024, stating it is still massively undervalued and bound to skyrocket.
Learn more about $GFOX here:
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