BONK Falls 20% as $RNDR Rally Cools — $GFOX Presale Gains Steam

The top cryptos to buy right now are always changing, and while the prices of popular tokens are falling, one ICO gem has started to shine. Bonk ($BONK) slid 20% over the past months, and Render ($RNDR) has slowed down its growth as investors take profits. However, the Galaxy Fox ($GFOX) presale has remained steady. Altcoins were not created equal, and as bullish conditions solidify, tokens with maximum upside are being appropriately priced by markets.

Getting in at the ground level of new projects yet to experience a bull market is a winning strategy in the current conditions. Markets are on the verge of global adoption, and projects like Galaxy Fox are one rate cut away from daily double-digit gains becoming the norm.

Galaxy Fox ($GFOX) 2024’s Leading Presale 

Galaxy Fox has established itself as a market leader in the ICO space. Breezing past $3 million and already well on the way to $4 million $GFOX is forcing markets and investors to pay attention. It deploys a new hybrid model blending the best of the memecoin and play-to-earn genres and is located in two of this year’s trending segments.

It has an incredible tokenomics model, and leveraging a taxation system paired with a token burn allows for novel economic mechanisms. Users staking their $GFOX in the Stargate module are earning a percentage of all ecosystem transactions, and ecosystem development & activity equates to larger payouts. Earning native yield on a deflationary asset is a massive win, and analysts called it a ‘‘top crypto to buy now’’ when forecasting the potential for 100X returns in Q3 this year.

The Web3 runner game turns gaming skills into real cash and provides a perfect onboarding funnel for the broader ecosystem. The protocol’s Treasury takes a proactive approach to growth funding marketing efforts, and this meme/ P2E gem has developed an excellent user acquisition flywheel. Users arrive to compete and stay to earn. TGEs occurring in upward trends print 100Xs, and Galaxy Fox is next in line. 

Bonk ($BONK) Attention Drying Up

Bonk witnesses declining volumes and poor price action as the new cohort of Solana ($SOL) native memecoins vampire attack its liquidity. The rule of memecoins is to get in early, and now that $BONK possesses a market cap exceeding $600 million, it is no longer attractive. Despite being one of the top cryptos to buy right now in early December last year, memecoin investors want that high-octane 100X potential and Bonk can no longer offer that.

In no uncertain terms, $BONK is a victim of its own success and its market vertical. It did single-handled revitalize liquidity on Solana and kickstarted an entire memecoin season on the low-latency layer one. $BONK is already 70% down from its ATH and the larger rotation trend from Solana back to layer twos is putting additional pressure on Bonk.

Render ($RNDR) Sheds Value As Whales Start Selling 

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Render has created a decentralized marketplace for GPU processing power, and users who want GPU can pay users with spare GPU with $RNDR acting as the medium of exchange. Undoubtedly a top crypto to buy in 2023, especially early in the year before $RNDR went on a blistering run. However, in this quarter, Render has run aground.

The largest institutional holder, Kenetic Capital, has recently sent more than 1 million $RNDR tokens to centralized exchanges, signaling their intention to sell. Understandably, $RDNR has been shedding value due partly to the selloff and now the fear of future selloffs.

Closing Thoughts: Experts Overweight ICOs This Year

Looking at the crypto market and the performance of once-popular projects all point to one conclusion. The top cryptos to buy right now are ICOs that have yet to experience a bull market.

Galaxy Fox can easily print 100X returns in the coming weeks, and unsullied by prior cycle ATHs, this token has no upward limit and no resistance it needs to break. Price discovery for small caps is a dream come true, and anybody who wants to join this exciting journey can participate in the presale today. 

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

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Julian Joseph Lehmann
CaptainAltcoin
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