Bitcoin, the pioneer of the digital currency revolution remains one of the best cryptocurrencies to buy. With the recent events surrounding the approval of spot bitcoin ETFs, $BTC has continued to attract the attention of investors, even with its price recent volatility.
In this post, we delve deeper into $BTC’s performance to gauge its possibility of hitting $50K by summer. And we will also look deeper into the new presale crypto $GFOX and its chances of doing a 10X upon launch.
Can $GFOX Hit 10X After Launch?
Just like IPOs in the equity markets, listing on major cryptocurrency exchanges and the hype that leads up to it often has a positive effect on the value of a cryptocurrency.
Once a coin like $GFOX launches, getting listed on a popular cryptocurrency exchange can lead to increased investor action, making the coin rise to become one of the best cryptocurrencies to buy. Getting listed on an internationally recognized exchange like Uniswap gives a new coin like $GFOX industry approval while also allowing a much larger investor base to buy the coin. This results in a price boost for the token, sometimes leading to the token becoming one of the best altcoins to invest in.
Listing on local exchanges also gives a new coin a boost by allowing regional investors to access the coin easily, often using their local currencies to purchase the coin. For investors who miss out on the presale period, this is one of the best ways to get their hands on the next big coin.
With its launch date and listing on major exchanges quickly approaching, market analysts have been sharing their thoughts on the possible outcomes of $GFOX. For most of these market watchers, it looks like the coin is poised for way more than a 10X increase. Most analysts estimate the coin could well surpass the 100X mark and quickly rise to become a top 10 altcoin.
Part of the reason analysts are so confident of $GFOX’s success is its performance during the presale. So far, the presale has raised over $3 million, and there is a chance that the presale will sell out before its intended launch date.
This shows that investors are confident in the project’s ability to do well in the market and make true its promises of utility-loaded features. If the project delivers on its promises, it is likely to become a top meme coin contender, replicating the results of coins like $BONK and $PEPE.
Meanwhile, investors have their eyes on the performance of $BTC, the crypto pioneer that has remained one of the best cryptocurrencies to invest in over the years. The question remains, can $BTC reach $50 by summer?
Can Bitcoin Hit $50K By Summer?
As the leading cryptocurrency, Bitcoin receives the most attention from crypto enthusiasts and investors. However, recently $BTC has been on a downtrend, with many investors cashing out or finding other coins that offer better returns.
That said, $BTC is a resilient coin that is known to overcome almost any obstacle, and the Bitcoin halving event will soon be upon us. The price of $BTC is likely to return to its former glory, blazing past the $50k mark to close the year at around $63k.
At the time of writing, $BTC is trading at $42,960, a slight 5% increase in the past week. Market analysts expect the coin to continue on its recent rise, reaching about $45k by summer, although $BTC could also be trading by $50k in the next few weeks.
Final Word
As the crypto market eagerly awaits the $BTC halving event and the possible surge that Bitcoin will experience as a result, investors are actively buying the $GFox presale in preparation for the expected 100X gains upon launch and exchange listing. With over 2.5 billion $GFOX tokens now in investor’s wallets, those who are late to the party risk missing out on one of the best cryptocurrencies to buy in 20204.
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.