The market anticipates major move as $15 billion in Ethereum ($ETH) and Bitcoin ($BTC) options set to expire. Will this expiry push markets upwards or downwards, and how are these trades weighted? Heavily skewed towards call options, expect a frenzy of buying pressure as counterparties bid to fill orders.
But what crypto to buy today as positive sentiment drives altcoins wild? Galaxy Fox ($GFOX) is expected to rally in these conditions. With retail launch imminent, this small cap is taking full advantage of the ongoing memecoin mania and could even be the top crypto to invest in this quarter.
What you'll learn 👉
$15 Billion in $BTC & $ETH Options Expiring
The Bitcoin halving is approaching fast, and traders braced themselves for a massive $15 billion in monthly and quarter options expiry- the largest to date in crypto history. Deribit saw $9.5 billion of its $26.3 billion $BTC options expire, and $5.7 billion of $ETH options also expired.
Post-expiry means immense buying pressure as the counterparty has to fill orders and $BTC and $ETH are already breaking out to the upside. Anticipation builds for $BTC to put in a new ATH in the coming weeks. As investors grow increasingly confident in an $ETH ETF following Fink’s laissez-faire attitude on talk shows, it appears that the path to an Ethereum ATH is also in play.
Both of these assets, Bitcoin, the internet era’s store of value, and Ethereum, the technological bet on a global settlement layer, are among the best cryptocurrencies to buy for long-term exposure to the industry. Things are getting exciting.
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Show more +Galaxy Fox ($GFOX) Expected to Rally
Galaxy Fox has been surging on this broader uptrend. Anybody asking what crypto to buy today should realize that participating in presales is a fast-track way to grow any portfolio, especially for investors who missed the bear market lows. The unique opportunity in this presale is Galaxy Fox’s hybrid model, which blends the best of the play-to-earn and memecoin genres into a single project.
It has all the upside associated with the meme genre thanks to its deflationary tokenomics model, viral branding, and colorful mascots. The play-to-earn component is an endless runner that, in typical Web3 style, pays out rewards to skilled players. Each season, the prize pool is split among the top 20% of the leaderboard, and the project’s NFT collection allows minters to unlock special in-game skill upgrades.
The addictive runner game provides the perfect funnel into the ecosystem with the chance to turn gaming acumen into cash while the ecosystem unlocks earning opportunities for all holders. Galaxy Fox’s staking program has been pivotal in this presale’s success, which has already eclipsed $5.7 million and is rapidly gaining on $6 million. Payouts correlate with ecosystem activity, and $GFOX’s price discovery phase will be a bumper earning period for early stakers.
Headed to market in perfect launch conditions price predictions are already forecasting 100X gains for this small-cap gem in the coming weeks/ months.
Closing Thoughts: Portfolio Barbell, $BTC, $ETH, $GFOX
The current bull market has been unique, with isolated pockets of overperformance. Notable examples include $BTC, $ETH, and memecoins. Regarding what crypto to buy today, a barbell portfolio approach best serves investors who want to maximize their returns.
Holding in $BTC, $ETH, and $GFOX tick all boxes. $BTC is the store of value, $ETH is the settlement layer, and $GFOX is the risk element adding 100X potential to any portfolio. The presale is now finished, so sit back and watch the fireworks!
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
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