Bitcoin’s catching the eye of Wall Street’s heavyweights, building up impressive crypto reserves. This new wave of interest has really given Bitcoin’s price a nice bump, together with the halving event on the horizon. This optimism is spreading among crypto enthusiasts, who are now on the lookout for under-the-radar coins poised for big returns.
Among these, Galaxy Fox ($GFOX) is getting a lot of attention, with many predicting it’ll make its way into the top 10 altcoins next year. Let’s take a closer look at what makes Galaxy Fox a project to watch.
Why is the Market So Hyped Around $GFOX?
Galaxy Fox has swiftly surpassed its competitors and raised over $4.3M in its presale, quickly becoming the best ICO crypto of 2024. So, what’s the hype all about? Galaxy Fox is powered by a Web3 runner game that does more than entertain; it rewards players. Competitors from around the world vie for a spot in the top 20% each gaming season, earning prizes that can be turned into $GFOX tokens.
While play-to-earn games are becoming more common, Galaxy Fox is setting itself apart with extra features. The project aims to build a rich ecosystem that attracts more than just the gaming crowd. Its tokenomics are hyper-deflationary, and presale is structured to reward the early buyers handsomely.
A standout feature is the Stargate staking module, which lets $GFOX holders gain passive income. Stargate scoops up 2% from every buy-and-sell transaction, funneling those rewards back to the stakers. Moreover, the Galaxy Fox token burn strategy gradually reduces the overall token supply, potentially boosting its value as time goes on.
In a bull market, tokens with a deflationary nature tend to shine the brightest. With the supply dropping and demand growing, these tokens are set for a value surge. Combining this with the chance to earn yields and a game that keeps bringing in new players, it’s clear why many see this new ERC20 coin not just as a token to watch but as one that could climb into the top 10 altcoins.
Bitcoin ETFs Are Exploding
At the end of the last week, spot funds held a total of 776,464 $BTC, valued at $47.7 billion. With 19.64 million $BTC in circulation, worth about $1.42 trillion, and a supply cap of 21 million $BTC to be reached over the next century, the significance of Bitcoin ETFs in the market is growing. The total net asset value of all spot bitcoin ETFs has surged to more than $54 billion, with cumulative net inflows reaching $9.37 billion.
This latest data highlights that spot Bitcoin ETFs now control just over 4% of the total supply of Bitcoin, a notable figure given that these ETFs have only been approved since January. This surge in interest and investment comes amid a series of positive developments for Bitcoin, including the anticipated halving event.
Furthermore, the fear and greed index has soared to an impressive 89%, indicating a strong bull market that shows no signs of waning. With Bitcoin’s current all-time high at $72K, there’s speculation that this figure could even double in the forthcoming months.
Bottom Line
Bitcoin’s success often sets the stage for growth across the entire crypto market. With renewed optimism, interest in meme coins, DeFi projects, and P2E tokens is picking up again. Galaxy Fox, which blends aspects of all these trends, is quickly becoming a market favorite. Its remarkable growth journey is turning heads, suggesting it could soon be among the top 10 altcoins in the shortest future.
The retail launch date of $GFOX is approaching, so if you’re willing to secure the highest gains and benefit from the upcoming price rally, join the presale before it’s too late.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
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