Narratives are kings in bull markets, and spotting them early separates the person who makes 10X versus 100X. The bull market is arriving, and when sentiment is good, people judge future revenue instead of current revenue. This is what fuels enormous rallies and why tokens in strong narratives are always the best cryptocurrencies to buy during bull markets.
Time to dive into one of the year’s hottest narratives and one of the hottest projects. Why is DePIN a hot buzz-word in the crypto world this year? And why are smart investors buying up this presale ICO?
What is DePIN, And Who Are the Market Leaders?
DePIN stands for Decentralized Physical Infrastructure Networks and introduces the idea of using blockchains to decentralize real-world infrastructure. Naturally, tokens play a large part in the incentive models, and several projects are already on the market, creating decentralized open marketplaces for services such as cloud storage.
Since Messary published its DePIN report late in 2022, demand for DePIN protocols has steadily grown. Creating bottom-up solutions has always been crypto’s focus, and the explosion of centralized exchanges in 2022 started a trend of using more crypto-native infrastructure among development teams. This desire to operate entirely on blockchain rails has pushed DePIN into the spotlight with increasing awareness of service providers.
Additionally, projects like Filecoin ($FIL) and Helium ($HNT) started to show tangible results last year. Demand for Filecoin’s data services was up 10X from the previous year, and Helium rolled out mobile plans in Miami for $5 a month before expanding nationwide. Investors had proof of concept and confirmation that decentralizing real-world infrastructure was practical and profitable.
The strength behind this narrative continues to grow, and with the potential to reconstruct core and essential infrastructure, the growth potential is enormous. Several of the top 5 cryptos to buy now are located in the DePIN narrative, and star examples include projects like Filecoin, Render ($RNDR), Helium, and Akash ($AKT).
Filecoin is a decentralized file storage system that has been around since 2017 and has created an open marketplace for storage space. It aims to compete with AWS. Render focuses on GPU and opens a marketplace for those with spare GPU and those that need to use GPU.
Helium is creating a decentralized wireless connective zone for IoT devices, and Akash is a cloud computer platform. All of these protocols create decentralized alternatives while layering token incentives on top. The potential for the DePIN narrative is wild, and these projects are certainly some of the top cryptos to buy right now.
Galaxy Fox ($GFOX) Passes $3 Million in Presale
Galaxy Fox ($GFOX) is the presale that smart investors have been bidding aggressively, and since passing $3 million raised, there has been no stopping this up-and-comer. Analysts are waking up to the value proposition and recently dubbed $GFOX one of the best cryptocurrencies to buy this quarter. It appears smart money is betting on two narratives, and $GFOX is unique, being the only token that unlocks exposure to both the growth of memecoins and GameFi.
Its hybrid model has proven popular, and buying a token with a tiny market cap situated in two of the year’s strongest narratives is a no-brainer. Galaxy Fox blends a P2E component with memecoin economics. The Web3 runner game opens up an earning avenue for users, and the token burn ensures a deflationary supply. A crucial edge to have in a bull market. But users have more opportunities to earn, and the staking rewards program has been turning heads.
Stargate is Galaxy Fox’s rewards hub. It accrues 2% of all ecosystem transactions. This link between ecosystem activity and payouts has excited smart money. On top of this taxation, funding staking rewards means no inflationary printing. This supercharges the value of entering during the presale. Early investors get an undervalued allocation of $GFOX. They stake it at launch and watch the total supply drop.
Smart investors always get the drop on retail, and they obviously expect a major move from $GFOX later this year.
Closing Thoughts: DePIN & ICOs Poised To Fly
DePIN projects and cherry-picked ICOs like Galaxy Fox are the best cryptocurrencies to buy at this stage of the bull market. As liquidity levels rise and monetary conditions loosen, expect an enormous whooshing as billions of dollars flow into risk assets. Tokens with a story will sell like hotcakes.
Galaxy Fox’s early success is an excellent indicator of its future trajectory, and smart money bidding now is a crystal-clear sign this token has a bright future. Join the presale today and see the returns smart money can produce.
Learn more about $GFOX here:
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