Bitcoin ($BC) is playing hard to get and flirting with its ATH. Another failed attempt to shatter this psychological level has luckily afforded investors one last chance to load up on altcoins before the next leg up begins. Make no mistake: there will be no turning back when Bitcoin crosses this boundary.
$BTC breaks $70K for new ATH but then retraces again. Markets have seen this story play out before, and the end result is always the same. Investors who have been around the block saw the exact same playbook in 2020 before Bitcoin went out to skyrocket. But what crypto to buy right now before $BTC meaningfully breaks through its ATH? Galaxy Fox ($GFOX) has crushed its $4 million target, and with memecoins acting as a natural onramp for retail funds, this gem is the top crypto to buy now.
Bitcoin ($BTC) Makes New ATH Then Immediately Retraces
Bitcoin gave bulls a quick flashback. On Tuesday 5th, $BTC briefly kissed its ATH before a massive liquidation event. Bitcoin again touched its ATH later in the week before retracing once more. But each time Bitcoin touches its ATH, the stickability of the move grows, and soon, it will break through this boundary and never look back.
Why is $BTC having trouble breaking through? There is an enormous wall of sell orders on centralized exchange at the $70,000 level worth well over $70 million on just Binance and OKX. The rejection on Friday 8th, was far less dramatic. Roughly $240 million of perp positions were liquidated, paling compared to Tuesday’s $1.2 billion. Highlighting the positive effects of liquidation flushes when open interest runs too high to establish a more solid foundation for the next leg up.
Larry Fink is doing the rounds on national television promoting Bitcoin. It remains a top crypto to buy this cycle, especially for investors wanting long-term industry exposure.
Galaxy Fox ($GFOX) Crushes $4 Million Target
Galaxy Fox has crushed its $4 million target and is already well on its way to $5 million, and this blockbuster success solidifies its position as 2024’s hottest ICO. Bitcoin is on the cusp of breaking its ATH, and Galaxy Fox is shattering presale funding records. It is an obvious answer to what crypto to buy right now.
The unique hybrid architecture has driven this early success. Blending a classic memecoin build with an ecosystem and play-to-earn game gives $GFOX high-octane upside, passive income plays for holders, and support from two of this cycle’s strongest narratives. It is a growth bomb waiting to go off.
Its infinite runner is reminiscent of Temple Run but with a Web3 twist. At the end of each season, a prize pool is distributed to the top 20% of the leaderboard. This acts as an interest funnel for new users and lets anyone turn gaming skills into cash. But the Galaxy Fox ecosystem introduces even more earning possibilities.
Staking rewards are a big hitter, and the Stargate module is the ecosystem’s reward hub. It collects a portion of every single transaction and allocates these to stakers. The link between activity and payout size makes $GFOX owners natural stakeholders, and the token burn ensures all these rewards are fully deflationary.
Closing Thoughts: $BTC & Memecoins Leading Tokens to Buy Currently
What crypto to buy right now before $BTC breaks its ATH? Bitcoin and memecoins. TradFi is bidding $BTC, and when it crosses its ATH, retail will flood back in, and memecoin mania round two will begin.
Galaxy Fox is an exceptional opportunity at its current price, and buying a memecoin before it launches on the open market on the cusp of another mania season is a once-in-a-cycle trade. Participate in the presale today before the inevitable 100X rally.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
