Chainlink’s supply on exchanges dropped below 15%, according to Santiment. This is the altcoin’s lowest since February 5th, 2020. The event sparks optimism about $LINK’s future price action, as analysts believe it’s a positive sign. While analysts expect $LINK to experience a sustained rally, $GFOX is headed towards a $3m presale accumulation. The new meme coin is in its 7th presale stage, and its accumulation rate may increase significantly as it nears the presale end. Both altcoins show excellent outlook, making them excellent crypto coins to invest in.
$GFOX Increasing Presale Adoption Shows Investors’ Optimism
Crypto investors are highly optimistic about Galaxy Fox, as evident in its presale. The budding token has gathered over $2.8 million already, and it’s expected to double the amount before its next phase ends. $GFOX adoption rate will increase significantly as more investors realize its potential. With the presale heading to an end, analysts expect a last-hour rush. Galaxy Fox features show that it’s an altcoin worthy of the rush. The Ethereum-based crypto project comes with a hybrid feature in thriving sectors. This increases its potential to boom.
Galaxy Fox will offer users GameFi utility via its P2E game. It will equally have memecoin features, bringing a fun side to the ecosystem. Crypto enthusiasts are convinced that the positive predictions about the GameFi and Meme ecosystem this year will impact $GFOX positively. They believe it could contribute to it having an impressive post-listing surge. Hence, the reason for the high optimism that surrounds the presale token.
The Galaxy Fox ecosystem is designed to be a universe of endless potential. Users will have different opportunities to improve their financial standings in the ecosystem while having fun. $GFOX token will back most of these income-earning opportunities, functioning properly as the governance token. The ERC-20 coin will be used as a reward for token stakes. It will facilitate Galaxy Fox’s NFT ownership and financial incentives for Galaxy Fox’s web3 game players.
$GFOX is expected to thrive in its retail phase, with many expecting it to outperform existing gaming and meme tokens. The hype surrounding the presale token is high, contributing immensely to the amount gathered on presale. This is why observers are optimistic the meme coin will hit $5 million before its presale ends.
$GFOX is already rounding up its 7th presale stage with over 90% of allocated tokens sold. It’s expected to begin the new stage with an improved value, reducing its potential profit margin. The more delay in joining the presale, the lesser its profit margin becomes. Hence, potential investors must act fast to make the most of it.
$LINK’s ‘Supply On Exchanges’ Hitting Four Years Low Sparks Optimism
Supply on exchanges is the amount of a token stored in wallets on big exchanges out of the total circulating volume. When this number increases, it suggests that holders are likely to sell their assets, indicating potential value depreciation. However, if it goes down, it indicates that investors are accumulating their assets, a positive sign for value appreciation in the long run. $LINK experienced the latter recently, which has sparked optimism in the crypto space.
On-chain data reveals a notable decrease in $LINK on exchanges, indicating investors are withdrawing their coins from exchanges more than depositing. This has put $LINK’s supply on exchanges percentage at 14.87%, the lowest in almost four years. This decline coincided with $LINK’s rise from its below $13 dip. Although analysts are not definite about the low supply on exchanges being the cause of the rise, they believe it’s a positive sign.
$LINK has pumped by 4% in the last week as it looks to return to its $17+ year high. The altcoin is hovering around $15.73 – $16.05 currently, but analysts are optimistic of an imminent rally to $20. This makes the altcoin one of the top crypto coins to invest in at the moment.
Conclusion
The optimism surrounding $LINK and $GFOX makes them good considerations for best crypto coins to invest in. However, the latter is the safer investment option. The presale token has reduced risk potential and possibly a higher profit margin. This makes it a solid investment choice, especially for those who buy early before the next presale stage kicks in.
Learn more about $GFOX here:
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