The halving has traditionally been volatile, heightened by the liquidity crunch that always occurs in April when tax season takes place. Bitcoin ($BTC) has come out of the gate strong, and with growing global instability, demand for bearer assets capable of storing wealth over extended time frames is skyrocketing. But Bitcoin is not out of the woods yet, and post-$BTC halving could see wild volatility swings, whereas ICOs offer steady gains.
Galaxy Fox ($GFOX) has emerged as a safe harbor and one of the best cryptocurrencies to buy for anyone looking to make it big this cycle. Risk-on assets like memecoins are soaring, ignoring macro uncertainty, and GameFi positions itself as the next prominent narrative. $GFOX blends both and has been flying since its launch.
Bitcoin ($BTC) Traders Brace For Wild Volatility Swings
Bitcoin and volatility go hand in hand, and the halving turns the intensity up. While $BTC has always been an excellent crypto for beginners, newer investors may want to wait for the dust to settle before taking on any sizeable positions. Since the release of Bitcoin Spot ETFs, the performance of crypto’s most prominent asset has been dancing to the tune of equity markets, and with a local top forming in the S&P 500, $BTC holders should brace themselves.
The Bitcoin funding rate has been all over the place, and with wicks to the upside and downside. Chris Newhouse, a DeFi analyst at Cumberland, has advised traders to place plenty of stink bids on the offside chance they get filled during violent swings. ETF inflows have been sporadic, with meager days and record-breaking days from BlackRock’s IBIT. The whole market states that it has no idea which way $BTC will trade.
With all this ongoing volatility, investors should look to DCA instead of placing large directional wagers. Additionally, investors would be wise to heed the growing correlation between traditional equities and $BTC, which signals that macro events like FOMC meetings will start to weigh more heavily on future price action.
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Show more +Galaxy Fox ($GFOX) Staking Rewards & Deflationary Tokenomics In Full Swing
Galaxy Fox is live, and this third-generation memecoin has been flying already dubbed one of the best cryptocurrencies to buy this quarter. It delivers all the explosive price action associated with the meme genre and includes an addictive play-to-earn runner game. $GFOX token holders are already enjoying upside from dual value accrual mechanisms, with the token burn and staking rewards programs in full swing. Additionally, users who lock their tokens within the first thirty days of launch are earning some wild APYs, and all eyes are on the Web3 runner game set to launch on May 11th.
There are a number of tiers and reward zones with periods as long as 360 days earning a 60% rate and those locking for 30 days earning 15%. These lucky lockers are earning boosted yields on a deflationary asset. This staking program is leading a new standard in DeFi, enabling these $GFOX owners to earn passive income from their memecoin holdings.
Galaxy Fox’s Web3 play-to-earn is a classic infinite runner game with a galactic twist. Players select their characters, zoom through the galaxy, avoid obstacles, and shoot enemies. Whoever collects the most stars heads to the top of the leaderboard. At the end of the season, these players will earn prizes directly exchangeable for $GFOX tokens. The community is already busy minting unique NFT power-ups to increase their odds of snagging part of the prize pool.
The community is thriving, staking rewards are live, and the game is launching in roughly a fortnight. Early $GFOX buyers have plenty of upside to enjoy, and this journey has just started.
Closing Thoughts: $GFOX On Path to Become Blue Chip?
As wild halving-driven volatility swings continue among the top ten cryptocurrencies, especially Bitcoin, investors are finding more reliable gains in ICOs. Galaxy Fox is a prime example of a project excelling and one of the best cryptocurrencies to buy in the current conditions. This new GameFi/ memecoin hybrid could quickly become a blue chip before the end of 2024.
$GFOX is live on the open market, token owners are spoilt for choice with staking rewards, and the play-to-earn game will launch soon. Galaxy Fox is still in its first innings, and there is still time to grab an allocation of $GFOX today.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
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