Bitcoin ($BTC) has bounced back from its pre-halving dip, which caused its price to dip as low as $61,500. Thanks to its latest price recovery, $BTC has crossed $71,000, but analysts have predicted that its price could touch $100k before the end of 2024.
While $BTC could surge to a new all-time high, Galaxy Fox ($GFOX), a new ICO crypto shaking up things in the crypto space, could outperform the leading crypto with up to 10x gains. Read on to learn why $GFOX is the top crypto to buy now.
Bitcoin ($BTC) Could Surge To $100k Amidst OTC Shortage and Halving Hype
After suffering a huge pullback, Bitcoin ($BTC) has recovered its bullish momentum. With the latest move, the price of Bitcoin has increased from $61,500 to cross the $71,000 level. Many crypto analysts believe that the price of $BTC will continue to rise above $100,000.
A major reason for this bullish prediction is the declining supply of $BTC in over-the-counter (OTC) markets. A recent report showed that only around 40k $BTC remained in OTC markets, which could increase the demand from institutional investors who buy in bulk.
In addition, momentum has been building in the crypto market ahead of the fourth Bitcoin halving. Adam Back, one of the most popular Bitcoin investors, is very bullish about the upcoming halving, stating that $BTC could be “$100k by halving day.”
Francis Pouliot, CEO of Bull Bitcoin, has re-echoed this bullish sentiment. Meanwhile, the author of Rich Dad Poor Dad, Robert Kiyosaki, is more conservative. While he agrees that $BTC is still the top crypto to invest in, he sets the timeline for the $100,000 milestone by September.
Galaxy Fox ($GFOX) To Outperform $BTC With 10x Price Surge
While $BTC is at the center of the cryptocurrency market rally, Galaxy Fox ($GFOX) is a new ICO crypto that could be the biggest gainer. Based on its growth potential, $GFOX has been forecasted to see gains of up to 10x, making it a good crypto to buy for the 2024 bull market.
Galaxy Fox is a new generation of meme coin that incorporates utility with the hype of the asset classes. The Galaxy Fox ecosystem features a Web2 runner game, NFTs, a marketplace, a staking mechanism, and a merchandise store.
Galaxy Fox is a very community-focused project that rewards users for taking part in network events and adhering to the meme culture. For their time and effort, the top 20% of participants in the web3 runner game receive substantial rewards. Users who participate in other areas of the ecosystem are also rewarded with the ERC20 coin.
Stargate is an excellent staking system from Galaxy Fox. By giving people who lock up their coins 2% of every transaction, the Stargate system encourages long-term holding. Galaxy Fox also operates on a 6% tax scheme to fund its treasury, staking pool, and liquidity pool in order to ensure the project’s viability.
The exciting model of Galaxy Fox has caught the attention of investors who have bought over 3.5 billion tokens, helping this new ICO crypto raise over $5.3 million in presale. $GFOX is currently priced at $0.00364, following a price rise of more than 450%. Now ranked as a top project to watch, investors are expecting more than 10x gains when $GFOX is launched.
Closing Thoughts
While Bitcoin remains the dominant name in the crypto market, Galaxy Fox is one of the top altcoins to watch in the 2024 bull market. While $BTC targets a new ATH, $GFOX is targeting more than 10x gains, making it a better altcoin to hold in 2024.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
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