The bull market is back in full swing, and one bold Bitcoin ($BTC) price prediction expects $112K in 2024. Will 2024 finally be the year that $BTC trades above six figures? Judging from ETF inflows, the answer would be a resounding yes. But does that mean $BTC is the top crypto to invest in?
Yes and no. $BTC is already trading close to $50,000, so anybody buying now will net a 2X. Not bad, but this is crypto. Small caps are starting to break out, and gems like Galaxy Fox ($GFOX) are poised for 100X returns. Anybody wanting to win this cycle must dive into the small-cap trenches.
Bitcoin ($BTC) Price Prediction $112,000
Bitcoin ETF inflows have been an absolute game-changer for this asset’s valuation. Now controlling more than 3% of the circulating supply. And there are no signs of demand slowing. CryptoQuant predicts that if buying pressure remains constant, $BTC could trade at $112,000 this year, and even in their ‘worst case’ scenario, $BTC would trade at $55,000.
Why are inflows exerting such a dramatic effect on price? It revolves back to supply and demand, and currently, buying pressure from ETF issuers outweighs the amount of $BTC created by miners. There is simply more demand for $BTC than supply; therefore, new buyers have to pay a premium for ownership.
Bitcoin remains one of the best cryptocurrencies to buy over a long time horizon, and now that the market leader has started running, altcoins have massive room to rally.
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Show more +Galaxy Fox ($GFOX) Primed to Print 100X Returns
Galaxy Fox is already hailed as the top crypto to invest in this cycle and one of the only projects to date on the market that unlocks exposure to the rise of GameFi and the appetite for memecoin speculation. Its unique hybrid model grants dual narrative support, and this small-cap gem is already on the path to 100X.
Investors have poured $3.3 million into this presale and climbing. ICO funding always goes up as risk tolerance grows, and the top cryptos to buy right now for investors searching 100Xs are these early-stage projects. Galaxy Fox delivers a fantastic Web3 runner game that, as well as being addictive to play, unlocks the chance to win real prizes at the end of each season. This play-to-earn component delivers entertainment and a way to turn gaming skills into cash.
The memecoin exterior and branding have been another large driver. Galaxy Fox being one of few DeFi protocols with a pro-active Treasury focused on ecosystem development. This Treasury funds community initiatives and marketing efforts. And this modern approach to growth is expected to yield massive returns in the current attention economy.
Staking rewards seal the deal with $GFOX holders earning rewards aligned with ecosystem activity. The token burn ensures a deflationary nature, and the $GFOX play is as simple as buying during the presale, waiting for launch, staking, and watching deflationary rewards roll in.
Closing Thoughts: Altcoin Season Begins
Bitcoin is getting ready to target the six-figure range, and altcoins have marvelous room to rally in these conditions. Early-stage projects like Galaxy Fox are absolute essentials for any investor serious about winning this cycle.
Join this 100X star today and discover firsthand why experts call it the top crypto to invest in this year. Galaxy Fox’s hybrid model is changing the game, and with the presale already 90% sold out, investors who want to join will have to move fast!
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
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