Bitcoin is moving, and when $BTC gets going, small caps start showing outrageous gains. There are few precious months left before rate cuts and fiscal stimulation occur. Markets are on the precipice of being repriced, and microcaps are poised to print staggering multiples in the next twelve months.
What cryptos to buy now to get ahead of the great altcoin repricing event? Here are three premium penny cryptos with 100X potential: Shiba Inu ($SHIB), Dogecoin ($DOGE), and Galaxy Fox ($GFOX).
Galaxy Fox ($GFOX) Reigniting ICO Mania?
Galaxy Fox leads the race, and even among premium penny cryptos, $GFOX is special. Priced at just $0.00198, analysts are already talking about a move to $1. Penny cryptos have a unique ability to explode in value, and the effect of unit bias on retail investors who will wade into markets in the coming months is genuine.
The unique economic model of this meme/P2E project is Galaxy Fox’s special sauce, and its streamlined onboarding funnel puts it ahead of its competitors. The ecosystem’s objective is to draw as many new users as possible. The Web3 runner game facilitates this, paying out prizes to the top-ranked players. Even NFT enthusiasts have a reason to join this galactic ecosystem thanks to its NFT marketplace.
Stakers are the net winners, with all ecosystem activity increasing payouts. Staking $GFOX in the Stargate module unlocks an easy passive income source, making it an ideal crypto for beginners, and the token burn ensures these rewards are deflationary. The Galaxy Fox playbook is simple. Participate while it is still undervalued, stake post-launch, and wait for rewards to roll in as the supply shrinks. An easy 100X for anybody willing to take it.
Shiba Inu ($SHIB) Activity Spike
Shiba Inu is another penny token listed whenever discussing what cryptos to buy now. The launch of Shibarium bolstered fundamentals, and many forget how easily accessible $SHIB is to retail. Listed on every major exchange and already famous for its crazy rally in 2021 this penny crypto will start rallying as soon as retail returns to markets.
New addresses and transaction volume on Shibarium are up, and all this activity eventually leads to more net buying pressure for $SHIB. Heightened memecoin activity is another great catalyst for Shiba Inu, and this old dog may show everyone that it can learn new tricks in 2024.
Dogecoin ($DOGE): The Rise of Dogechain
Dogecoin is the original memecoin and a favorite of retail investors. This penny crypto will perform similarly to Shiba Inu and boasts the same advantages. Great market accessibility, recognized, and now with Dogechain similarly, it has improved fundamentals. The advantage of trading at a lower cost basis should not be underestimated, and these native scaling solutions could save these memecoins from the last cycle.
Despite falling out of the top ten cryptocurrencies, $DOGE is still a force to be reckoned with. Ultimately, its performance will depend on how much speculative appetite retail traders have when they return to crypto markets.
Closing Thoughts: Who Stands Out?
What cryptos to buy now for 100X potential? $DOGE and $SHIB are solid options, but talking about upside potential always comes back to market caps. Both have already experienced their growth phases. Whereas Galaxy Fox, with a market cap magnitudes smaller, has mountains more upside potential.
Participate in the presale today and join what is rapidly becoming 2024’s hottest ICO. New projects will outperform this cycle, and holding $GFOX is the winning play if you want to 100X your portfolio this time around.
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