A flash crash has put fear back into markets, and the 11th of December saw the biggest single-day drawdown for Bitcoin ($BTC) this year. Will this $BTC drop kill the altcoin rally? Typically, when Bitcoin retraces, altcoins crash hard.
However, crypto does have several unique safe harbors during market pullbacks, and one of the most effective is ICOs. Investors who don’t know how to buy new crypto before listing must learn fast. Luckily, they have an excellent opportunity with Galaxy Fox ($GFOX), which crossed $1 million in funding as the market retraces. Could it be the top crypto to buy heading into 2024?
Will Bitcoin’s Correction Kill the Altcoin Rally?
Investors naturally worry that Bitcoin losing momentum and correcting could kill the altcoin rally. $BTC’s price action provides a signal to the market whether it should move down or up. And when Bitcoin dumps, altcoins tend to dump twice as hard.
Following Bitcoin’s flash crash and the massive Ledger exploit, it appears that altcoin season is certainly on pause for the time being. The leverage flush on December 11th was caused by traders trying to liquidate each other, and the most profitable liquidation zone was to the downside.
This sort of volatile move will become more common with more TradFi players. But as majors look set to retrace over the coming weeks, it’s better to look for presales and other safe harbors. The Galaxy Fox ICO being a classic example.
Galaxy Fox ($GFOX) Enters Up-Only Paradigm
Galaxy Fox’s ICO is an excellent opportunity for anybody who wants to learn how to buy new crypto before listing, and this up-and-coming P2E project cannot be stopped. Early investors have already seen two phenomenal price increases thanks to the dynamic pricing mechanic employed by this presale.
Investors fast enough to join before the end of Stage 3 (already 95% complete) will see an 18% increase in their holdings as Galaxy Fox transitions to Stage 4. The early momentum built by Galaxy Fox makes it feel like markets are already in peak bull territory, and when this small-cap launches in January, early investors will need to strap in. It promises a high-octane price discovery round, and experts are already forecasting 100x potential.
But why are presales like Galaxy Fox safe havens during market downturns? Investing in the Galaxy Fox presale means buying discounted tokens today before the token has launched on open markets. And if a token has yet to trade on the open market current conditions cannot affect it.
Galaxy Fox’s rapid rise as the best cryptocurrency to buy now is all because of its ecosystem. It offers the classic P2E model with its runner game, rewarding the top-ranked players each season. But Stargate, the rewards hub, allows all $GFOX token holders to earn.
The burn campaign ensures a $GFOX is deflationary and accrues value via scarcity, and the Treasury funds initiatives to onboard new users. Given that GameFi will dominate the 2024/ 2025 cycle, few projects are better positioned to capitalize than Galaxy Fox. All the passive income flows make $GFOX a hidden gem in these market conditions.
Closing Thoughts: Set & Forget
Investors participating in presales now gain shelter from the ongoing volatility and likely crash in January. They are buying heavily discounted tokens set to launch in hyper-bullish conditions in 2024. It is a win-win situation.
This is why it is important investors learn how to buy new crypto before listing. They unlock wild upside, and Galaxy Fox is the perfect place to learn. Participate today, set it and forget it, and enter 2024 in style, holding a 100x gem.
Learn more about $GFOX here:
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