The supply shock meme is real, and there are simply not enough coins for everybody who will want to own them over the coming months. Whales pull Bitcoin ($BTC) from exchanges, and supply hits lowest levels since 2015.
The top cryptos to buy right now are tokens with either a fixed supply, such as $BTC, or even better deflationary tokens, like Ethereum ($ETH) and Galaxy Fox ($GFOX). $GFOX is over 90% sold out, and smart investors are buying up this presale due to its aggressively deflationary tokenomics model. Fixed monetary policy provides a welcome break from expansionary fiat printing, and Fink’s forecast of a ‘flight to qualify’ is already coming true.
Bitcoin ($BTC): CEX Holdings Lowest Levels Since 2015
One whale has moved roughly 18,000 $BTC or $1 billion off Coinbase. Coinbase’s public order book holds approximately 394,000 $BTC or $20.5 billion, and these levels have not been seen since 2015. When whales withdraw assets from exchanges, it signals they have no plan to sell them anytime soon and is typically interpreted as bullish for markets. Debate rages on whether this whale could be using funding for OTC trades.
But the blunt fact remains that current demand rapidly outstrips supply. Nearly 900 $BTC is mined daily by miners (the natural sellers). Bitcoin ETF inflows are roughly 9,650 $BTC a day. The halving will occur in less than two months, and daily issuance will be reduced to approximately 450 $BTC.
This supply issue has been driving $BTC’s price up, and as available supply dwindles, each new buyer will have to pay a higher and higher premium to become a Bitcoin owner. $BTC remains an excellent crypto for beginners starting in the space and, more broadly, a top crypto to buy for long-term exposure to the growth of digital assets.
Galaxy Fox ($GFOX) Over 90% Sold Out
Galaxy Fox has been powering through its presale and is already over 90% sold out, on route to raising $4 Million. Smart money quickly realized the market mispricing and listed $GFOX among the top cryptos to buy right now. $GFOX is a new hybrid design that has blended the best of the memecoin and play-to-earn genres to create a new standard for on-chain entertainment and upside.
Its endless runner game lets players turn gaming skills into cash, and prizes get paid out at the end of every season. Its classic memecoin exterior and branding give it the viral nature that can turn tokens into overnight successes. But the real draw to this presale is its tokenomics model.
Galaxy Fox features a token burn, which permanently removes tokens from the open market. 70% will be allocated to presale participants, ensuring distributed ownership. A vital factor for memecoins. Stakers can earn rewards, and the genius play is its taxation system. Capital is routed to optimize growth, and $GFOX stakers are earning a native yield on a fully deflationary asset.
As ecosystem activity increases, staking payouts will increase, and the demand for $GFOX will naturally increase. But these new buyers will be chasing an aggressively declining supply. It is not rocket science. More capital chasing fewer tokens means a violent upside.
Closing Thoughts: Supply Squeeze Coming
As central banks print money and devalue people’s savings, owning digital assets will only become more attractive. Those with fixed or deflationary tokenomics models are the top cryptos to buy right now, and when the bull market mania starts, everybody will be surprised by the upside.
Galaxy Fox is a prime example of a deflationary token ready to spike. Massively mispriced by the market, buying $GFOX during its presale is a once-in-a-cycle trade. Join the ICO today!
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