The revitalization of the layer one trade continues following obscene rallies from Solana ($SOL) and Avalanche ($AVAX). The natural question is, which layer one will be the next rotational play? Probability dictates Cardano ($ADA) following enormous ecosystem growth. Outside of speculating on layer ones, the other profitable trade in current conditions is participating in presales and ICOs.
The top cryptos to buy right now are Layer-1s showing strength, and presales raising funds quickly. Time to dive into why Cardano still looks bullish despite market downturn and Galaxy Fox ($GFOX), a new P2E presale on route to raising $900,000.
Cardano ($ADA) – Roaring Return of a Dinosaur
Cardano, famously ridiculed by investors on Crypto Twitter, is back with a vengeance and, unironically, is one of the most bullish Layer-1s teeming with latent potential. The wider revitalization of the Layer-1 narrative primes $ADA for an explosive rally in the coming twelve months.
It first entered the top ten cryptocurrencies by market cap during the last bull run and has often faced criticisms for lacking an organic ecosystem- the core foundation of any layer one blockchain. Recently Cardano’s total DeFi TVL has skyrocketed and sits at an all-time high.
The rapid growth and deployment of dApps on the network will naturally drive demand for $ADA. The integration of liquid staking tokens allows investors to access double-tiered yields within the Cardano ecosystem. A rising TVL is the salient metric for future price appreciation for layer ones: $ADA looks ready to rip. Welcome the return of a dinosaur.
Galaxy Fox ($GFOX) Leading New Wave of P2E Tokens
Galaxy Fox leads a new generation of P2E protocols. It has taken the best elements from the memecoin genre to introduce a new P2E/ meme hybrid model and has already overtaken its competition in funding. This early fundraising success puts $GFOX ahead of the rest and makes it a top crypto to buy in 2023 before the incoming mania of 2024.
Establishing the winners from the slew of ICOs currently on the market is tough. But why has $GFOX shone through as one of the top cryptos to buy right now? The classic play-to-earn model has gained growing attention thanks to the growth of the GameFi narrative. However, in Galaxy Fox’s case, the devil is in the details, and investors are bidding this ICO because of its tokenomics. No inflationary pressures, a fair launch, and a down only total supply.
Galaxy Fox delivers the standard P2E model, with the top-ranked players earning $GFOX tokens. Users compete globally by playing a runner game. They have the option to upgrade their in-game stats by spending $GFOX tokens or purchasing and holding one of the protocol’s 3,000 NFTs.
But Galaxy Fox has created a rich and diverse earning ecosystem around this game, fashioning the runner game into an interest-funnel instead of the central component. Staking rewards provide passive income for all token holders. The burn campaign ensures a deflationary token that locks in value for holders around the clock. Put together the end result is yield on a deflationary asset- the holy grail of tokenomics.
Closing Thoughts: Layer 1s and Presales Deliver Best Risk-Adjusted Returns
Layer ones making a resurgence and presales ripping- this is only the first taste of the coming bull market. Investors not already fully allocated need to deploy capital now. Markets will move faster than they imagine, and retracements will be nonexistent.
Participate in the Galaxy Fox presale today, and for those who missed the bear market lows, ICOs present the last opportunity to buy undervalued tokens. Ranking the top cryptos to buy right now, ICOs continue to outshine layer one tokens due to the absence of investors holding at unrealized losses. Purchase a stack of $GFOX today and ride into the bull market sitting on a 100x gem.
Learn more about $GFOX here:
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