It is high stakes and 2024 is crypto’s breakout year where it finally reaches mainstream adoption. Institutional capital and nation-state adoption were the dreams and promises of the last cycle, yet they are realities in this cycle. Investors positioned accordingly will supercharge their net worth in the next two years.
The most important job right now is to remain focused and forget about the top ten cryptocurrencies, with the exception of Bitcoin ($BTC). Last cycle’s giants will not be this cycle’s winners, and investors need to dive into the trenches. A strange transaction saw Satoshi Nakamoto’s wallet receive $1.2 million in $BTC, sparking major questions, but the real focus is on Galaxy Fox ($GFOX) as its presale heads for stage 7.
Marketing Ploy? Flushing Out Satoshi? A $1.2 Million $BTC Transaction
The wallet, which mined Bitcoin’s first genesis block on January 3rd 2009, recently received a payment of 27 $BTC or roughly $1.2 million on January 5th. Suspiciously close to the 15th anniversary of the network’s start. Holders sending money to Satoshi’s wallet is nothing new, and people send dust all the time, either in honor or out of curiosity. But this transaction caught the attention of on-chain sleuths. 27 $BTC is life-changing money to most people, and why would anyone ever send this to a dormant address?
Another transaction was made directly to Binance. Was this an early investor taking profit and making an offering to the wallet, which helped them accrue wealth? Speculations have arisen, and the three most likely outcomes are a symbolic donation, a media stunt by an ETF issuer to drum up market hype, or perhaps an attempt to dox Satoshi.
New tax reporting legislation in the US requires every transaction larger than $10,000 to be reported to the IRS. Although this initially makes sense, would Satoshi Nakamoto, the man who created Bitcoin and disappeared without a trace worth billions of dollars, really be undone by such an effort? The net effect is deflation for $BTC holders, with a million burned from the supply, but this type of liquidity makes no real difference when talking about the leader of the top ten cryptocurrencies.
Galaxy Fox ($GFOX) Heads For Stage 7
While investors are scratching their heads about this mysterious Bitcoin transaction, Galaxy Fox has been going from strength to strength, blitzing through its presale stages as the funding keeps rolling in. It has already sold over $2.6 million and is on the cusp of beginning stage 7. Stage 6 is already 98% subscribed, and investors who want to enjoy the looming 15% price increase will have to move fast.
This new addition to the P2E sector is taking a fresh approach and remodeling the old and worn-out play-to-earn model. Galaxy Fox’s runner game pays out prizes to the most skilled players at the end of each season alongside introducing stat bonuses for NFT holders. But it introduces several new innovative mechanisms.
The burn campaign reduces the total supply of $GFOX, integrating a nice indirect value accrual mechanism for all holders instead of only the top-ranked players earning. Additionally, staking rewards provide another residual income avenue, allowing all $GFOX holders to partake in the profits of the ecosystem’s expansion.
Galaxy Fox has killed two birds with one stone with its taxation system. It removes the need for token emissions to pay stakers meaning no constant sell pressure, and introduces a tangible relation between ecosystem expansion and payouts. $GFOX shines as one of the best cryptocurrencies to buy this year, and its rampant funding points to an explosive price discovery round later this quarter.
Closing Thoughts: $BTC & Small Caps Poised To Shine
Everybody has different opinions on what cryptos to buy now before the mania phase begins. Bitcoin is a solid bet and always has been, but investors will be lucky to see more than a 2X. Small caps will deliver the juiciest returns this cycle, and small market caps are this cycle’s future gems.
The top ten cryptocurrencies all have large and bloated market caps with bag holders waiting to sell. Galaxy Fox is the exact opposite. Its holder base is all aiming for a classic memecoin 100X. Join the presale today- $GFOX is a winner waiting to shine.
Learn more about $GFOX here:
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