Spot Bitcoin ETFs, promoted in part as a modern alternative to gold investment, have caused a dramatic shift in investor behavior. Bitcoin exchange-traded funds have brought in billions of dollars since their launch on January 11, while gold ETFs have seen substantial capital outflows. This means investors are leaning toward BTC ETFs as a safe haven, which has positively reflected on the cryptocurrency’s price as well.
Amid this positive sentiment, the new revolutionary crypto project is getting ready for its retail launch. Galaxy Fox ($GFOX) has already made loud and clear that it is the project of the future, so let’s review what drives its success and ranks it among the best altcoins to buy.
Bitcoin Price Analysis
In the last two weeks, the price of Bitcoin, the most valuable cryptocurrency by market capitalization, has fluctuated within a narrow range of $53000 to $50600. An apprehensive market attitude swept over the altcoin market as well, as reflected by daily candles with lengthy wicks and short bodies. Still, bulls aren’t giving up hope just yet, and the fact that Bitcoin’s price is over $50,000 suggests that the recovery trend may continue.
The price of Bitcoin has been steadily rising since the end of January, driven mostly by the massive influx of capital into Spot Bitcoin ETFs. There was a significant one-day inflow of $232.5 million into spot ETFs on February 23rd, bringing their total net inflow since they began to more than $5.5 billion. The price of Bitcoin has risen from $38,550 to $52,868—a significant 37% gain in value—due to the spike in investor interest.
After regaining some ground from the $50600 area support on February 24th, the price of Bitcoin rose 2% to its current level of $51.5K. As a result of the uptick in purchasing activity, the $53,000 top limit may once again be challenged, which will bring more bullish waves to some of the best altcoins to buy.
Galaxy Fox’s Launch is Getting Closer
Moving on from Bitcoin’s incredible ascent, let’s discuss the best new ICO crypto, Galaxy Fox. Galaxy Fox is a GameFi crypto that blends elements of meme currencies with a novel P2E concept.
Another thoughtful characteristic of the project is a staking mechanism – the Stargate reward pool receives 2% of transaction fees and rewards stakers. This strategy incentivizes long-term participation by paying out according to the size and length of a staker’s investment.
With a steady increase in interest during its eight phases of presale, Galaxy Fox was able to raise more than $3.6 million and saw the price of its token soar from $0.00066 to $0.002178. The presale is set to gradually raise the token price, putting early investors in a position to earn a potential return on investment of 450%.
The current price of $GFOX is $0.002178, and it is expected to reach up to $0.002904 at launch, with two more presale phases to come. What this indicates is that your investment will easily increase by around 33% if you put money into it right now. This, together with the project’s 15% bonus potential for newbies with the promo code “CAPELLA15,” definitely points to $GFOX being an investment favorite and one of the best altcoins to buy.
Bottom Line
With Bitcoin’s continued rise and Galaxy Fox’s upcoming retail release, now is the perfect moment to get into the crypto space. This best ICO crypto gives everyone, from seasoned investors to curious newbies, a chance to be a part of a revolutionary initiative. So, be sure you don’t pass up the opportunity to join the Galaxy Fox community and become one of the $GFOX millionaires in the coming months.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
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