Sustained sell pressure from Grayscale’s Bitcoin Trust pushed markets downward, but some altcoins are already showing signs of life, and a potential reversal is on the cards. The US government announced it would sell $118 million Bitcoin ($BTC) seized from Silk Road. But this size is nothing compared to Grayscale’s sell orders.
When markets receive bad news and do not go lower, it indicates underlying strength. The outflows from Grayscale have slowed, and now many people are calling for $30,000. But it’s more likely that the bears are going to get burnt badly. Stock markets are at ATHs, and the top cryptos to buy right now can all easily print 10Xs in the coming months. Solana ($SOL) and Chainlink ($LINK) have shown signs of a comeback as Galaxy Fox ($GFOX) rallies towards $5 million. In a bull market, dips are for buying.
The Galaxy Fox presale goes from strength to strength, shattering milestones, and it could even break funding records. Recently crossing $3 million, now this up-and-comer has its sights firmly set on $5 million. The current conditions are ideal for small caps, and launching later this year in a more bullish sentiment will lead to a wildly exciting price discovery phase.
But why has Galaxy Fox attracted so much attention and capital? Why is it being called the top crypto to buy now? It all comes down to narratives. In bear markets, fundamentals are king; in bull markets, narratives are king. Galaxy Fox has strong fundamentals and is located in two of this cycle’s strongest narratives. This presale is an easy 100X opportunity.
It blends the best of the memecoin genre with a P2E component. A token burn, memeable characters, and a taxation system overlap a Web3 runner game. Players can earn real cash, and staking rewards provide a passive income source for all $GFOX holders. P2E projects reached multi-billion dollar valuations last cycle. If Galaxy Fox can achieve even half of Axie Infinity’s (AXS) market cap, it will turn all presale participants into whales.
Solana is one of the top cryptos to buy now. It has singled itself out as the lead performer amongst alternative layer ones, and everybody expects a stellar performance from this low latency chain this year. Solana has become the home of memecoin trading, and its low fees and rapid finality make it an obvious destination for new retail users entering the space.
The native $SOL token found strong support at $80 and has already seen a comeback. The colossal volume of sidelined capital took the dip as an opportunity to enter positions, and markets may not be kind enough to give investors another value entry point.
Chainlink has existed in the space for years and often goes unnoticed despite its Oracle services essentially supporting the entirety of DeFi. This attitude is slowly changing, and investors are taking notice of $LINK following the announcement and steady deployment of CCIP (Cross-Chain Communication Protocol).
This unique messaging system can connect all blockchains, and theoretically, it is even possible to connect permissioned chains run by TradFi to public and open blockchains. Chainlink, acting as the middleware layer between TradFi and DeFi, easily makes it one of the top 10 cryptos to buy now.
The halving is less than three months away, and investors getting overly bearish has always been a reliable sign of a bottom. Solana and Chainlink recovering early bodes well, and the top cryptos to buy right now all have massive upsides in the coming weeks/ months.
Galaxy Fox is particularly special, and entering a presale at this bull market stage is essentially a gift from the gods. Set to launch in up-only sentiment, $GFOX’s price discovery phase will shock investors. Don’t get sidelined. Participate in the $GFOX ICO today.
Learn more about $GFOX here:
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