Bitcoin ($BTC) took a nasty tumble, unleashing a bloodbath for altcoins – some of which fell by as much as 30% in a day. Now alts have bounced back, but is more carnage still on the horizon? Or are we back to partying like it’s 1999? No one can say for sure, but a good question to explore is – What are the top cryptos to buy right now in these dicey conditions? And is this ICO the best bet?
Galaxy Fox ($GFOX) may well be the perfect hold while the sellers offload their bags. Markets have been moving vertically for months, and periods of retracement are expected before the next leg up. Presales are becoming a haven for smart money, realizing they can lock in the current valuation of their assets, dodge the incoming storm, and walk out on the other end with a massively undervalued token as conditions improve.
Alts See Major Pull-Back: More Carnage Coming? Or Is the Worst Behind Us?
Altcoins are holding onto crucial support levels, and losing these levels will mean things get nasty – and nasty fast. Markets habitually enforce behaviors until investors get comfortable and then pull the rug out from under them. In recent weeks, apeing into every dip has proven profitable, but this time is different, and investors would be best preserving dry powder or entering presales until the dust clears.
Bitcoin dipped more than 10% in three days as ETF inflows slowed to a crawl, a massive wall of options expired, and macro worries came back to haunt investors. The ETF inflows while unlocking TradFi capital have increased the correlation with S&P 500 performance, and concerns about inflation and potential rate hikes sent jitters through the market. Collapsing faith in $BTC ruined altcoins, with almost all majors posting double-digit declines on the weekly.
Weakness among the top ten cryptocurrencies naturally bleeds downward, and now is a great time to start examining presales.
Galaxy Fox ($GFOX) A Safe Haven
Galaxy Fox’s presale funding has shot up in recent days as investors wake up to the reality of the coming weeks and what it holds for altcoins. Rapidly surging toward $5 million smart money has realized that they can use their assets at their existing valuation before further decline to buy up $GFOX. A memecoin/ play-to-earn hybrid set to launch in the coming weeks.
The setup is excellent. Leverage assets’ current value, avoid downturn, and buy up a massively undervalued memecoin before the second leg of meme mania begins. Providing a safe haven for investors catapults Galaxy Fox into the top cryptos to buy right now, and its unique tokenomics model highlights how drastically mispriced this project is.
$GFOX holders who stake their tokens in the Stargate module unlock staking payouts. These payouts funded by taxes are aligned with ecosystem growth and development, and being a stakeholder has never looked so good. The token burn removes $GFOX from circulation, and investors have the opportunity to earn native yield on a deflationary asset.
The Web3 runner game provides a perfect interest funnel, and this token is reimagining what it means to be a memecoin. It upgrades the standard for upside, earning, and entertainment in one fell swoop. It is easily one of the top 5 cryptos to invest in during this pullback.
Closing Thoughts: Join the Galaxy Fox Presale Today
If altcoins lose key support levels, it could be lights out for several weeks at least. Alternately, if the bounce we now see may has enough momentum, it could pull us back up and into back onto the uber-rally bullet-train. This week, the market will show its hand. In the meantime, presales like $GFOX are the top cryptos to buy right now, allowing investors to dodge the next round of liquidations and downturns.
If $BTC doesn’t hold support, expect fierce carnage among altcoins and use the opportunity to become an early Galaxy Fox buyer. Hedge your bets, ladies and gentlemen! This ICO is providing a safe haven – and if smart money is buying, you should be too. Participate today.
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