It is narrative season, and investors who spot them faster than others will be way ahead of the pack. Three dominating narratives are the rise of GameFi, the mass-propagation of memecoins, and the growing interest in DePIN (Decentralized Physical Infrastructure Networks). All investors need to do is pick solid projects within these camps.
Two notable examples are Filecoin ($FIL) and Galaxy Fox ($GFOX). Both are outpacing their competition. Could these be the best cryptocurrencies to buy now? Filecoin is the top gainer, and this presale is striking gold.
Filecoin ($FIL): Top Gainer
Filecoin has become a top gainer and is up more than 50% in the last month. Investors have an appetite for projects building blockchain-native/ adjacent physical infrastructure, and the growth of this narrative hinges on the increased acceptance of blockchain technology. Filecoin delivers a peer-to-peer storage network, allowing users with space to rent it to users who want space.
It has built an open and decentralized market for data storage. The growing centralization concern for cloud computing has been a catalyst for Filecoin. And with demand for storage constantly increasing, buying $FIL is an excellent answer to which crypto to buy today for long-term exposure to this market need.
The concept is simple: pay users who offer storage space with $FIL and make the users accessing the service pay in $FIL. Filecoin has a solid pedigree, and if the DePIN narrative continues to grow, expect it to be one of the frontrunners.
Galaxy Fox ($GFOX): Solid Growth With It’s Dual Narrative
Galaxy Fox is a presale that analysts are going wild over and calling a star, even among the best cryptocurrencies to buy before 2024. Regarding narrative trades, it is one of only a handful of tokens benefitting from a dual narrative. Its P2E component places it in the GameFi surge, and its memecoin component makes it a ready vehicle for speculation. How far can this presale go?
Broadly, presales are enjoying a renaissance period as investors wake up to the fact that the top ten cryptocurrencies will only return meager 2Xs, if that. Anybody serious about becoming a whale this cycle is in the trenches, and projects like Galaxy Fox are the hidden gems waiting for those who search.
Since the project launch the price has risen from $0.00066 to $0.001749, boasting a 165% price increase, with its next Stage rumored to rise to $0.002 a comfortable 3X for early investors.
Built around an addictive runner game this ecosystem has been created as one large flywheel. The runner acts as an onboarding funnel. The financial incentive encourages users to play with the top-ranked players, earning real cash at the end of each season. This gets users into the ecosystem, and the staking rewards give them a reason to stay. Buy and sell taxes fund the Treasury which focuses on ecosystem development. More users means more marketing, and the flywheel activates.
Stargate is Galaxy Fox’s rewards hub, and it accrues 2% of all ecosystem transactions. It pays these out to stakers, and $GFOX is one of the only assets in DeFi that provides native yield while being deflationary.
Closing Thoughts: Spotting Narratives Early
Arriving early pays big dividends, and anybody active in the crypto space is way earlier than they think they are. Retail has yet to join markets and will likely not participate until ATHs are breached.
Participating in presales is a double whammy entry. Investors are joining protocols at their lowest possible valuation and riding the entire wave. Join the Galaxy Fox journey today, discover why it is listed as one of the best cryptocurrencies to buy, and how far a deflationary yield-bearing asset can fly in the 2024 bull market.
Learn more about Galaxy Fox ($GFOX) here:
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