Cramer has flipped bullish on Bitcoin ($BTC), stating, ‘If you like Bitcoin, buy Bitcoin.’ Markets were bullish, but Cramer’s change in position could mark a local top, thanks to the infamous Cramer Effect. The host of Mad Money has a habit of making inverse predictions. Cramer says buy a stock it plummets; Cramer says short a stock it rallies.
If he is buying Bitcoin, it could be time to short $BTC and pivot to Galaxy Fox ($GFOX) instead. This new P2E token has entered the second stage of its presale and rockets toward $500,000, leaving its competition far behind. Which crypto to buy today for long term gains? Well if Cramer is buying $BTC, $GFOX is naturally a better option.
Galaxy Fox’s ($GFOX) Unstoppable Presale
Galaxy Fox has shot into the second stage of its presale, breezing past $350,000 raised and the next target is half a million. This up-and-coming gem is a top crypto to buy for anybody interested in the GameFi narrative. Its early success in building momentum indicates a much longer, sustained upward trajectory headed into 2024.
$GFOX is a play-to-earn token with deflationary tokenomics and residual income opportunities for investors- no wonder it has been soaring. The GameFi element comes from its runner game, where players compete globally, and those that end the season in the top 20% of the leaderboard earn prizes exchangeable for $GFOX tokens.
Players who are serious about winning the prize pool can upgrade their in-game stats with $GFOX tokens- 50% of these in-game purchases go directly to the next prize pool. Or purchase one of 3,000 unique NFTs. The value of these NFTs is expected to rise in tandem with the prize pool.
But the dominant driver of this presale has been $GFOX staking. Why is staking the best way to earn in a bull market? Investors face no risk of impermanent loss and capture all of the upside of the staked asset. Stargate is the staking hub and pays out rewards to $GFOX stakers.
When considering which crypto to buy today for long term gains, $GFOX deserves thoughtful consideration. The ability to earn yield on this deflationary asset makes it a superstar headed into the bull.
Bitcoin ($BTC) Reaching A Local Top?
Bitcoin’s year-to-date performance has left many investors sidelined and vindicated those busy DCAing throughout the bear market. Already up over 100% and with Spot ETFs coming, it is no surprise that Cramer has turned his attention to the digital era’s gold. However, beware of the Cramer Effect, and his positive sentiment on $BTC likely marks the local top.
Cramer is a paid entertainer and perfectly captures the herd mentality of investing. The exact mentality that profitable traders/ investors avoid. Even if $BTC approaches a local top, it remains one of the top cryptos to buy right now before the ETF approvals.
Macro conditions all lean heavily in favor of Bitcoin long-term. The decline of the dollar and its global nature make it a natural conduit for global liquidity. A type of asset that has never existed before. But when it comes to multiples, it is not even in the same league as $GFOX.
Closing Thoughts: Always Inverse Cramer
Inversing Cramer has proved to be a popular strategy, and investors can even purchase ETFs that do precisely that. His bullish stance on Bitcoin hints a local top is in, and a short position may be profitable. But better than shorting is investing in the protocols of tomorrow.
Galaxy Fox’s early success shows that those buying $GFOX today will thank themselves in 2024. $GFOX is an excellent answer to the classic question of which crypto to buy today for long term exposure to markets. Its position in the GameFi narrative and memecoin virality looks destined to print a 100X. Participate in the presale today and get in front of the opportunity!
Learn more about $GFOX here:
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