In bull markets, dips are for buying, and the recent liquidation wipe has opened an opportunity to swipe some of the best cryptocurrencies to buy at great prices. As the alt mark slid double-digits amid Bitcoin ($BTC), a recovery is already underway. Yet many coins are still trading at a significant discount – here are 3 coins to buy during the pull-back.
Cardano ($ADA) is a top contender for the new retail money bid, Bonk ($BONK) is the leading memecoin on Solana ($SOL), and Galaxy Fox ($GFOX) is lining up to be 2024’s hottest presale. Time to accumulate before the next leg up!
Galaxy Fox ($GFOX) Presale Soars Above $4 Million
Galaxy Fox is a must-buy during this period, and this presale has broken above $4 million. Memecoins that made it beyond the $1 million market cap typically run all the way to the hundred million mark, and there is no reason $GFOX will be an exception.
Its play-to-earn component makes this protocol a hybrid model. While enjoying the standard high-octane upside of a memecoin, investors now have the opportunity to play and earn. The endless runner pays out prizes at the end of each season and even integrates NFT functionality, with any person holding a Galaxy Fox NFT granted special in-game stats.
$GFOX’s tokenomics model is another big selling point. The token burn reduces supply, staking rewards provide another opportunity to earn, and the taxation system allows for two unique mechanisms. First, it directs funding to the Treasury, which drives further growth via marketing, and second, it funds staking payouts. Galaxy Fox funding staking payouts with taxes ensures the supply remains fully deflationary and earning yield on an asset with a declining supply is a blockbuster value proposition.
Supported by the GameFi narrative and the rampant appetite for memecoin ownership, $GFOX is among the best cryptocurrencies to buy now. Galaxy Fox is ready to shine, and anticipation continues to build for its retail launch with the presale already 90% sold out.
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Show more +Cardano ($ADA) DeFi TVL $600 Million
Cardano suffered a brutal double-digit drawdown, but this alternative layer one is a top crypto to buy during this pullback. Since the Alonzo upgrade, Cardano has had smart contract functionality, and recently, its DeFi TVL crossed $600 million. No longer a dead chain and with plenty going on in its ecosystem, $ADA has put itself back on the map.
The return of retail money to markets from the last cycle will naturally benefit old tokens. Cardano is a classic example. Returning money recognizes the $ADA ticker and will be more inclined to buy. Not to mention the dominant idea of averaging into assets that have fallen in value to reduce the average purchase cost. Retail money likes Cardano, and it is an excellent crypto to load up on before the next upward rally begins. $ADA has already recovered most of its losses from the dip, but it’s still trading at a discount.
Bonk ($BONK) Solana’s Leading Memecoin
Bonk is an easy play. Memecoins have solidified themselves as a genuine vertical this cycle, and new investors want to make money fast. There is nothing wrong with this. While some criticize memecoins for lack of fundamentals and vaporware valuation, they forget that speculation is a use case in and of itself.
Many of the top cryptos to buy right now are memecoins, and $BONK, as an established market leader, is a great choice. Solana will become an obvious onramp for newer investors, and $BONK will be an obvious beneficiary. $BONK remains down approximately 20% since the correction, representing a great buying opportunity.
Closing Thoughts: Dips Are For Buying
In a bull market, dips are for buying, and double-digit drawdowns are a blessing. Investors should be deploying any spare stablecoin they have on hand during these liquidation days. The long-term upward trend is only getting started.
Galaxy Fox is the top choice among the best cryptocurrencies to buy now because it is still in its presale. Imagine buying $BONK early in 2023. That is where $GFOX is now. If you move fast, you can still join the presale today before the retail launch!
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
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