TradFi has a massive appetite for digital assets, and options trading runs red hot. $BTC and $ETH options value hit a record high of $23 billion and these leveraged bets on price movement are the classic calling card of institutional money.
Crypto-natives have themselves been piling into more speculative bets, and presales are enjoying a period of hyper-interest. In the current market conditions, presales are the top cryptos to buy right now, and bullish sentiment acts as rocket fuel for these small caps. Galaxy Fox ($GFOX) has pulled ahead of its competition, and this presale heads for $1 million.
Bitcoin ($BTC) and Ethereum ($ETH) Options Value Skyrocketing
Typically, ordinary investors buy spot. A directional bet on price increasing in the future. Institutional investors love options because they can bet on the direction of the price move, the volatility of the move, and the timing of the move.
Open Interest- the total dollar value of open options contracts- has hit record highs. Institutional/ more sophisticated investors are scrambling to get a piece of the action. All this speculation will drive up the price of majors and likely introduce greater volatility. Explaining $BTC’s and $ETH’s recent downward wick, liquidating millions from the market.
At this stage, ordinary market participants should be buying spot aggressively on the dips and avoid being over-leveraged as more sophisticated players will hunt profitable liquidation zones. Investing in crypto for beginners has never been easier for those buying spot, but has become more dangerous for those trading with leverage.
Galaxy Fox ($GFOX) Funding Nears $1 Million
As TradFi market participants drive open interest to record highs on $BTC and $ETH, crypto-natives aggressively target presales and micro caps. These are the two sectors that consistently outperform in bullish market conditions.
Galaxy Fox has entered Stage 3 and has already sold over 1 billion tokens. Its current price of $0.001122 is primed to explode to $0.00132 in the next stage, and those fast enough can catch an 18% jump as well as the coming subsequent price leaps. This presale is easy money for anybody who understands tokenomics and the importance of being early- no wonder $GFOX is listed as one of the top cryptos to buy right now.
This play-to-earn token exhibits all the early hallmarks of success. Its ability to build momentum in its earliest stages is the most obvious sign that it will be a long-term overperformer and could even become the top crypto to buy in 2023. Rocketing through its presale investors are obviously eager to get an allocation and start earning.
Galaxy Fox provides three sources of residual income to all token holders. First, the burn campaign ensures $GFOX has a deflationary nature, and investors accrue value through scarcity without doing anything. Second, competing in its runner game. The top 20% of players earn rewards each season, and the protocol’s NFT collection grants in-game stat boosts for those who want to bolster their chances of winning part of the prize pool.
Finally, staking rewards. The largest draw to this cosmic ecosystem. Galaxy Fox introduces Stargate- a native staking hub that allows all $GFOX token holders to earn. Stargate accrues 2% of all ecosystem transactions and distributes them to stakers- earning has never been so easy!
Closing Thoughts: Majors Flying Small Caps Primed to Explode
Institutional investors are bidding majors aggressively, and as their prices move upward, the second-order effect will be an enormous rally in altcoins. The smaller the market cap of the altcoin in question, the greater the multiple early investors will see.
Participate in the Galaxy Fox presale today. Move fast to secure the looming 18% price rally, and learn why experts call $GFOX one of the top cryptos to buy right now. The bull season has started, and ICOs like Galaxy Fox will be the greatest gainers.
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