This week, the general crypto market seems to be finding its direction as Bitcoin recovers slightly amid its upcoming halving event. As a result, investors are closely monitoring altcoins like, $FTM, $MKR, $SUI due to their strong potential to rally along with the market. Interestingly, $GFOX, the presale token set to launch soon, is also attracting even more than the other three tokens. This due to its impressive presale performance and its imminent launch where it is expected to do more than 50x in the first few weeks.
Fantom Network: Ethereum Rival Sees Strong Growth
Fantom Network is one of Ethereum’s fastest-growing competitors with a vibrant web3 ecosystem. The network currently holds over $150 million in Total Value Locked, that is the quantity of $FTM tokens locked or staked.
$FTM, is also one of the tokens that enjoyed an impressive rally last week, rising by almost 37% to reach $1.07 between March 15 and 22. The token is expected to remain bullish for weeks before we can see a significant decline. It’s now trading at $1.04 as of time of writing, with a 7-day increase of 22%, while most other coins are in the red.
Bitcoin’s Rebound Triggers $MKR to Soar by 17%
$MKR is the governance token of the MakerDAO and Maker Protocol, which allows users to issue and manage the DAI, a unique cryptocurrency called a stablecoin, whose value is kept as close to $1.
This token is also on an upward trend amid the recovery of $BTC, as many investors are increasingly interested in buying it. In the past week, $MKR saw a 17.2% rise in its price. During this time, $MKR went from a low of $2,647 to a high of $3,103. According to a recent analysis, if $MKR rallies again, it could reach $3,580 or even surpass $4,000. Currently price has retraced somewhat to $3,073, marking a 2% loss for the week. But upward momentum still remains likely.
$SUI Recovers Despite Pullbacks, Targets to Regain its All-Time-High.
$SUI, a Layer-1 blockchain solution token, is also among the tokens that rallied in the past week, despite encountering some minor pullbacks. Between March 16 and 23, the token’s price climbed from $1.49 to $1.68, which reflects an attractive 12.75% gain.
$SUI’s current uptrend hints at more growth momentum of the token in the future, with a possibility that it may regain its all-time high trading price of $1.96, which it reached about 6 weeks ago. The coin is trading at $1.64 as of writing, or about 10% up for the week.
Play-to-Earn Powerhouse $GFOX Set for Mega Rally After Presale Success
$GFOX has been remarkable since the beginning of the year, and the past week is not exempted. This token is famous for its great utility and unmatched growth consistency. However, investors heavily monitor the token this week primarily due to its highly anticipated mega rally when it launches.
$GFOX has an exciting ecosystem, in which there’s a runner game built on blockchain that rewards participants with in-game currency exchangeable with $GFOX tokens if their performance meets the platform’s standard.
The game also includes using NFTs as a temporary booster for players to gain an advantage over their opponents. When launched, these NFTs will be minted on the platform’s official site and listed on top NFT marketplaces like OpenSea for trading.
The nature of the $GFOX token is deflationary, meaning that as it is utilized, a portion is strategically removed by a mechanism called ‘Token Burn.’ This mechanism helps to keep the token scarce and prevent inflation.
$GFOX excellence also reflects in the over $5.3 million it has generated throughout the course of its presales which is about to end. It is also reflected in its outstanding growth in price from stage 1 to 10 of its presale, where it delivers investors as much as 5.5 folds of their initial investment. $GFOX impressive growth is expected to continue even after its launch, and smart investors can still participate in the post-launch rally by buying $GFOX token now at $0.00364.
Conclusion
Investors looking for top cryptocurrencies to add to their portfolio can select between $FTM, $MKR, and $SUI, as they stand out as this week’s top gainers according to some analysis. However, who’s looking to make huge gains with modest capital should buy $GFOX which is currently selling at a discounted price and is expected to do 50x soon after launch.
Are you looking for a good cryptocurrency to buy this week? Choose $GFOX, visit the website today and buy the token at a 15% discount and also join the telegram channel for more updates.
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