It is pre-bull market season, and everybody is searching for the best cryptocurrencies to buy before the real fireworks start in 2024. Against the backdrop of rate cuts and crumbling faith in the dollar, analysts expect a generational bull market. Crypto investors have to make it this cycle as institutional money will smooth out volatility as crypto goes mainstream.
Entering crypto’s final volatile cycle, which altcoins should investors bet on? Ripple ($XRP), Shiba Inu ($SHIB), or Galaxy Fox ($GFOX)? Which one will 20x in 2024?
Galaxy Fox ($GFOX) New P2E King
Galaxy Fox has been declared unequivocally the top crypto to invest in for anybody who wants to maximize their returns this cycle. It has raised nearly $1.5 million in several weeks, and this ability to develop momentum quickly is a classic hallmark of top-performing projects.
Staking rewards, deflationary tokenomics, an addictive Web3 runner game, an NFT marketplace, and real-world merchandise. Galaxy Fox has it all, and this vibrant ecosystem built around the runner game is driving mass participation in the presale.
Skilled players- the top 20% of the leaderboard- earn prizes at the end of each season. This financial incentive is the bread-and-butter mechanic of all P2E projects. However, Galaxy Fox’s introduction of staking rewards has introduced earning opportunities for all. Better yet, thanks to buy and sell taxes funding these payouts and the protocol’s token burn, rewards come in a hyper-deflationary token.
The GameFi narrative grows in strength, and experts forecast that this cycle play-to-earn projects will be one of crypto’s fastest growth verticals. In the 2021 cycle, P2E projects had multi-billion dollar market caps. Galaxy Fox still has a market cap of less than $2 million. Investors are early. And presale participants need to think bigger.
$GFOX is set to easily 20x, and price forecasts believe 100x is a more realistic target. An undervalued gem and easily one of the best cryptocurrencies to buy this year.
Ripple ($XRP) Targeting $1?
Ripple has had a phenomenal year by all standards. It took center stage in the court case against the SEC, and in a landmark decision, a US judge ruled that $XRP was not a security. All of the publicity was a great advertisement for Ripple’s services, and more clients than ever are using Ripple’s ledger to settle cross-border payments in minutes.
Branded as crypto solutions for businesses the general consensus surrounding Ripple is that it will be a large net beneficiary of increased institutional adoption. As businesses become more accustomed to blockchain, service providers like Ripple will be natural adoption vectors. Analysts expect $XRP to perform well this year and forecast it cruising past $1 in 2024. Ripple’s bloated market cap will unlikely allow for a 10X rally, and investors who want to net big returns need to look at smaller-cap tokens like $GFOX.
Shiba Inu ($SHIB) Left Behind?
Shiba Inu should be absolutely flying in the current conditions given the revitalization of the memecoin trade. Still, unfortunately for $SHIB holders, newer investors have no desire to purchase this old memecoin. Despite once being a top crypto to buy, $SHIB has fallen out of favor, and investors are now chasing new small-cap projects on-chain.
In the memecoin world, a listing on a centralized exchange, contrary to the belief of retail participants, is the final stage of a memecoin’s journey. Early investors use the listing as exit liquidity, and Shiba Inu is highly unlikely to deliver a spectacular performance in 2024. Investors will target the king, Dogecoin ($DOGE), or up-and-coming gems like $GFOX.
Closing Thoughts: Crypto Rewards Early Investors
The only thing that matters in crypto is being early. Ripple is a solid trade now, but it was a terrific trade in early 2021. Shiba Inu is a mediocre trade at best now, but again, it was a wildly successful trade in early 2021. Galaxy Fox is the one project on this list yet to undergo its growth phase, and this is why analysts list it as one of the best cryptocurrencies to buy now.
Presale allocations mean the earliest possible stage of token ownership, and this is where the truly outrageous ROIs are made. Participate in the Galaxy Fox presale today and join this moon-bound project on the ground floor.
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