$BTC has been on a rally these last few days, climbing to $60,000 and even briefly touching the $64,000 mark. But will the largest cryptocurrency by market cap hit $70,000 in the next few days?
While the market waits to see how this plays out over the next week, there’s a new ICO crypto whose profit potential is raising eyebrows and generating a lot of hype. $GFOX is poised for a spectacular rally after launch, and investors are looking to cash in on the action.
$GFOX Set for Spectacular Post-Launch Surge
The $GFOX presale is soon coming to a close. With only two presale stages left to go and a handful of coins remaining, investors are increasingly excited about the possibilities that lie ahead. After launch, $GFOX is expected to start trading on popular exchanges, causing the coin to skyrocket by over 100X.
While the growth of $GFOX in the market will be the main way that investors make profits from this new ICO crypto, it is far from the only benefit $GFOX investors will get. For example, $GFOX investors who are also into web-3 gaming will have the opportunity to make a side income from the $GFOX Play-2earn game.
This game allows players to compete with each other for the top 20% of positions on the leaderboard. Winners are rewarded with in-game currencies that they can exchange for $GFOX. Players can boost their chances of success by using attribute boosters from the $GFOX marketplace. These boosters temporarily enhance the speed, agility and strength of players giving them a much-needed boost.
Players can also get an edge from $GFOX NFTs, one of the coolest NFT collections in the market. Each NFT comes with unique strengths and weaknesses which give the player an edge against the competition.
Another feature that makes $GFOX stand out as the best crypto to buy is the staking platform which pays out staking rewards to incentivize HODLing. The staking platform has a stargate that collects 2% of every $GFOX transaction. This creates a fund that is then distributed among those who stake their $GFOX tokens.
Additionally, the $FOX project also offers physical merchandise, a token burn feature, and a token treasury. The physical merchandise is a unique touch that is bound to make $GFOX a well-known brand in no time.
The token burn feature, on the other hand, is designed to add a deflationary aspect to the token, increasing its appeal as a top altcoin choice. The token treasury is also a notable feature as it helps ensure that every $GFOX token is used according to its intended purpose.
At the time of writing, $GFOX is going for $0.002178 in stage 8 of presale. It has raised over $3.714 million and is on track to hit the $4 million mark.
Can $BTC Hit $70,000 by Next Week?
After losing the market to the bears in the early days of 2024, $BTC bulls are back on a rampage, as evidenced by the recent insane price surges. In the past few weeks, $BTC has risen steadily, surpassing the $ 60,000 mark last week and even teasing the $64,000 mark before retracing slightly. At the time of writing, $BTC stands at $63,000.
With excitement growing and FOMO boiling over, investors are looking forward to cashing in on their current profitable positions. At the same time, some are wondering whether $BTC will hit the $70,000 mark by next week.
While this is distinctly possible, some longer-term projections for $BTC suggest that the price will only continue to rise for a few weeks before plummeting again. According to one JP Morgan analyst, the price of Bitcoin could plummet below $42,000 soon after the halving event, which is scheduled for April.
The halving event, which reduces the rate at which new $BTC coins are released into circulation, will slash the reward $BTC miners get from the current 6.25 $BTC per block to 3.125 $BTC. The halving will significantly reduce miner rewards and could push some smaller miners out of the market, resulting in a more centralized Bitcoin network that is more vulnerable to attacks and has less control over potential future hard forks. This, in turn, could have a potential negative price effect on $BTC – though it’s unlikely to happen any time soon.
Final Word
$BTC’s price surge is likely to be tumultuous in the near future, given the speed at which it’s increasing. A pull-back is all but certain. The only question is when, and by how much? $GFOX’s rise is more certain and predictable. The new ICO crypto is set for a spectacular rally that will see investors reaping over 100X their initial investment. This surge is expected to continue to last for the long-term as the project begins rolling out new features and more investors join the Galaxy Fox bandwagon.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
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