Nobody is selling. Everybody wants crypto exposure, and new buyers are paying through the nose for it. With the halving less than a month out, Bitcoin ($BTC) holders aren’t selling forcing prices higher. Memecoins continue to rally as buy pressure massively outweighs the sell side, and the entire industry is holding its breath anticipating a repricing event.
What crypto to buy now in these conditions? Galaxy Fox ($GFOX) nears jaw-dropping $5.5 million mark, and this is the last call to join this ICO before its retail launch. The mania phase could begin any day now, and the golden rule is not to sell early!
Bitcoin ($BTC) Supply Side Illiquidity
Bitcoin has been flying, but one metric is still lagging. On-chain activity has not picked up at all, and holders are battering down the hatches and keeping hold of their $BTC. At the height of the last bull market, the average transfer value stood well above $1 million, according to data sourced from Glassnode. Currently, this mean transfer value is $200,000, showing a massive preference for a holding sentiment among existing owners.
Spot ETFs have enabled open market trading of $BTC in standard brokerage accounts, which has shifted a significant portion of volume off-chain, but on-chain data does not lie. With price predictions forecasting $BTC trading above $150,000 this cycle and institutions lining up to buy Bitcoin, sellers have little incentive to part ways with their coins yet.
Bitcoin is still a top crypto to buy in this cycle, and even conservative estimates expect a 2X from the current price. When the price breaks above six figures, on-chain volume will increase as people start offloading their tokens. What crypto to buy now in a holders market? Small caps will ultimately win as Bitcoin’s illiquid supply dynamic drives prices higher.
Galaxy Fox ($GFOX) Closing In On $5.5 Million
Galaxy Fox has been zooming through its presale and rapidly closing in on $5.5 million. This is massive news for this memecoin, and once a meme token crosses the $3/$4 million threshold, the next target automatically becomes a $100 million market cap. Already 90% sold out, anyone who wants to get in early will have to move fast.
Powering Galaxy Fox’s incredible growth is its tokenomics model and hybrid architecture. Introducing staking rewards has gone down well with early investors, and the alignment between ecosystem activity and payouts means that the price discovery phase will be an amazingly lucrative earning window. The token burn adds a second value accrual mechanism for holders with steady deflation, increasing the scarcity of $GFOX in the open market.
The hybrid model takes a classic meme build and incorporates a play-to-earn game, turning Galaxy Fox into a third-generation memecoin. This infinite runner game includes NFT functionality and pays out prizes to the top-ranked players at the end of each season. NFT holders enjoy special in-game stat boosts, and the game will act as a great onboarding ramp into the broader ecosystem.
$GFOX’s presale is set to close soon, and before its launch on the open market, it is easily one of the top cryptos to buy right now. Expect a drastic rerating event at launch.
Closing Thoughts: Do Not Sell Under Any Conditions
The fun has just started, and the biggest mistake investors can make is selling their tokens too early. This is the cycle of institutional adoption, and the suits are going to $BTC to unfathomable heights.
Galaxy Fox could not ask for better launch conditions, and anybody asking what crypto to buy now should dive into this presale. Bullish sentiment, memecoins are running red hot, and support from two narratives. These are the kind of conditions that print 100X rallies. Get into the Galaxy Fox presale before it closes!
Learn more about $GFOX here:
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