Every bull market brings with it trials and tribulations. Unfortunately for those holding the last cycle’s top-performing coins, most of these unfortunate events and catalysts will land squarely at their doors. A new generation of winners always emerges; these are the horses an investor wants to back as the mania phase descends.
Avalanche ($AVAX) hit with major disruption- $AVAX price in trouble? Conversely, Galaxy Fox ($GFOX) grabs top spot for 2024 ICOs. The mantra of new coins good, old coins bad is already playing out, and anybody still unfamiliar needs to learn how to buy new crypto before listing. This year’s cohort of ICOs is shaping up to be enormous opportunities, and $GFOX is a stellar example of a token launched this cycle ready to send it all the way to the top.
Avalanche ($AVAX): Hit with Major Disruption
Avalanche holders were hit with a cruel double whammy recently. First was an enormous $365 million token unlock, then the C Chain (Avalanche’s DeFi chain) went down on Friday, failing to produce blocks for more than four hours. Avalanche halted block production at 11:13 UTC and did not go back online until devs released a patch at 15:59.
Going offline is not a good look for any layer one blockchain, and although smaller investors may shrug these incidents off nonchalantly, big money does not like chains going down. $AVAX has fallen more than 8% in the last seven days, and the combination of significant disruption and token unlocks is a tough pill to swallow. The strain that caused the network to go down has been identified as heightened activity from inscriptions.
But why is this bad news for $AVAX? Realistically, from a pragmatist sense, ignoring all tribalism, no investor should be happy that one of the top ten cryptocurrencies was offline for several hours. The net result is not good for $AVAX holders. If investors want a high-speed chain that sometimes goes down, they can buy $SOL. If they want a slower chain that does not go down, they can buy $ETH. And $AVAX rests in no man’s land between these outlooks.
Galaxy Fox ($GFOX) 2024’s Top ICO
Galaxy Fox has snagged itself the title of 2024’s top ICO following groundbreaking success in its presale, and anybody who wants to join the fun can learn how to buy new crypto before listing by participating in this ICO today. Selling over 2.7 billion tokens and raising $3.6 million has put $GFOX ahead of its competition, and much of this success comes down to the token’s ideal narrative positioning. Holding memecoins in 2024 is a no-brainer, and GameFi is steadily becoming the other dominant growth vertical. Holding $GFOX exposes investors to both.
Its addictive runner game pays out prizes at the end of each season, and the NFT collection adds a new dimension to the competition. NFT holders unlock special in-game bonuses, and logic follows that as the prize pool grows, so will the value of NFTs. They can be traded on the protocol’s secondary marketplace, and this nuance runs throughout the protocol. All its features encourage activity, which ultimately feeds value back to stakers.
Labeled as a top crypto to invest in and 2024’s leading ICO is no joke, and early investors eagerly await $GFOX’s retail launch. This gem is set to go to market soon and is on the precipice of an explosive price discovery phase. Historically, small caps launching in bullish conditions have produced some of the best returns, and the Galaxy Fox spaceship is about to take off.
Closing Thoughts: Can $GFOX Become A Market Leader In 2024?
Galaxy Fox has that winning property of a future 100Xer. New tokens are already starting to overtake the top players from 2021, and investors want to be on the right side of the curve.
Learn how to buy new crypto before listing with 2024’s top ICO, and grab your allocation of $GFOX today before it is too late!
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