Bitcoin has just reached its new ATH of $73,637. As expected, this impressive rally has made crypto millionaires, but the number is significantly lower compared to the last time the token reached its then ATH of $69,000 two years ago, when about 4,000 wallets reached the million-dollar mark. This reduction has been attributed to the performances of some meme tokens, especially $GFOX, which is currently in presales and has been predicted to produce more crypto millionaires than most other tokens before the end of the year.
Bitcoin Hits New ATH, But Millionaire Wallets Dwindle as Experts Look to Other Cryptos
According to CoinMarketCap, $BTC reached its all-time high on March 13, 2024 when it traded at $73,637.47. At the same time, the number of wallets that hold $BTC worth millions of dollars increased to 1,570. However, this increase was still minor compared to the last time the token reached it then ATH.
In the same vein, Kaiko Research, a data-driven research, reported that on January 24, 2024, the number of new wallets to have a million dollars’ worth of $BTC was just 273. However, the number rose to about 2,000 this month. Despite the increment, the number is significantly lower compared to when $BTC reached its then ATH of $69,000. At that time, an average of 4,000 wallets were reaching the million-dollar mark daily. Also, last year, it was reported that the total number of Bitcoin millionaires rose by a whopping 300% to reach about 90,000 wallets, according to data released by a cryptocurrency research firm, Glassnode.
Meanwhile, the price of $BTC has been on a significant uptrend, rising by nearly 160% in 2023 to reach $42,200. In 2024 it increased further by over 70%, reaching above $73,000 less than a week ago. Despite Bitcoin increasing massively, the number of investors reaching the million dollar mark is not encouraging. As such, experts have suggested other cryptocurrencies like $GFOX as one of the best alternatives for investors who want to maximize their investment returns and make a million dollars as quickly as possible.
$GFOX Excels In Presale, Aims To Create More Crypto Millionaire
$GFOZ is more like a Bitcoin for beginners in the cryptocurrency landscape because of its potential to turn people with modest investment capital into millionaires; Galaxy Fox‘s testament to its strong potential is seen in its ongoing presale, which includes raising a whopping $4.5 million for selling $GFOX tokens. As a result, many investors have begun to rely on $GFOX over $BTC for remarkable returns this year.
Galaxy Fox is founded on Ethereum blockchain, and seeks to bridge the gap between memes, gameplay, and finance with its $GFOX token. The platform features an immersive web3 endless runner game that challenges players to overcome opponents, collect rewards, and maintain their ranks at the top 20% of the leaderboard. The rewards given to top players in the game are in the form of in-game currencies, exchangeable with $GFOX tokens.
Galaxy Fox has a total token supply of 5 billion which is distributed across various areas like the presale, treasury, the ecosystem, team, competition, and prizes. The platform also receives taxes and royalties at a rate of 6% on both buys and sells. It’s from this revenue that a healthy cash flow is maintained within the ecosystem.
$GFOX launch is fast approaching due to its swift presale journey fuelled by a recent rise in demand for the tokens. In just days, it progressed from Stage 8 to Stage 9 of its presale, offering investors a 9% return on their investments. In stage 9, the platform has sold over 96% of its token and, therefore, will progress soon to stage 10, yielding an additional 11% of investments in returns for stage 9 investors and more for earlier investors. To join the presale, you can buy $GFOX now at $0.002376 per token.
Conclusion
Despite reaching a new all-time high, Bitcoin appears to be creating fewer millionaires in this market cycle. Analysts point to the rise of memecoins like $GFOX, which boasts a successful presale and promises high returns for early investors as a potential cause. This shift suggests a growing focus on altcoins with faster gains over established tokens like $BTC.
Are you ready to earn remarkably with a modest capital? Join Galaxy Fox presale before it ends. Visit the website to buy $GFOX tokens and join the telegram community for more updates.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
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