Uptober was a resounding success for crypto investors, and technical indicators all point to greater upside for digital assets throughout November. Increased global instability lends strength to the crypto narrative. And buyers are all hyper-focused on the Bitcoin ($BTC) Spot ETF approvals expected in January.
Bitcoin is a perfect crypto for beginners. But regarding the top crypto to buy in 2023, it has to be Galaxy Fox ($GFOX). Its presale has soared, leaving Cardano (ADA) in the dust, and as whales rush to join, the $GFOX holder base targets 100X gains.
Galaxy Fox (GFOX) P2E King
Galaxy Fox pioneers in the crypto space and ties together meme coin marketing, a play-to-earn model, deflationary tokenomics, NFTs, and real-world merchandise. $GFOX is the answer for investors asking themselves which crypto to buy today for long-term gains.
On its journey to becoming a reputable and recognized Web3 currency, $GFOX will, in the process, generate huge returns for early investors. Its P2E runner game rewards the most skilled players, the top 20% on the leaderboard, each season with rewards directly exchangeable for $GFOX tokens.
Its line of 3,000 NFTs will augment the skills and abilities in the runner game, giving holders a huge competitive advantage. And as the prize pool swells, so will the upside of the NFTs. But one factor drawing serious attention to the Galaxy Fox presale is its unique tokenomics model.
Staking for token holders means they share in the rewards of the ecosystem’s growth, becoming shareholders in the Galaxy Fox journey. The Stargate module is the distribution hub for rewards and collects 2% of all ecosystem transactions, directly routing them back to stakers. This ease of access to passive income makes $GFOX an ideal crypto for beginners.
And with deflationary tokenomics, sales from merchandise bolstering the Treasury fund, and constant cash circulating the ecosystem thanks to the buy and sell taxes, $GFOX looks ready to deliver 100X returns for investors quick enough to join the primary phase of the presale.
Cardano ($ADA) Bloated Market Valuation?
Cardano was a star throughout 2021 when the meta heavily favored the alternative layer one trade. To this day, Cardano retains a market cap in excess of ten billion dollars, but can its ecosystem justify such a staggering valuation? The release of the Mithril 2 paper proved that the development team behind Cardano is still pushing to improve the efficiency of node syncing.
But is $ADA one of the top ten cryptocurrencies to hold headed into 2024? Not likely. Solana ($SOL) has emerged as the leader of the layer one narrative, and vertical scaling on Ethereum ($ETH) means that more and more on-chain activity takes place on rollups.
The market became saturated with alternative layer ones. Despite Cardano offering excellent infrastructure from a technical standpoint, without an explosion of innovation on the dApp front, there will be little demand for blockspace on the network. And, therefore, the native token $ADA.
Closing Thoughts: Avoid Dinosaur Coins
Crypto investors must understand flows- both bearish and bullish flows. Tokens that flourish in 2021 will unlikely set new ATHs due to the huge number of investors holding at unrealized losses. This selling pressure represents a bearish flow and will stifle upward momentum for larger caps.
Conversely, bullish flows such as token sinks, like Galaxy Fox’s token burn, provide upward momentum. Smaller caps launching in these market conditions will outperform the leaders of the last cycle, and investors should position accordingly. Hence why $GFOX is an ideal crypto for beginners, and participating in the presale offers a far more exciting proposition than buying $ADA.
Learn More About Galaxy Fox ($GFOX) Here:
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