As an investor, what are the top 5 cryptos to buy now? Here are 5 coins to buy during the post-Christmas dip.
Galaxy Fox ($GFOX)
Galaxy Fox ($GFOX) is number one, and this presale’s early momentum indicates it could be the top crypto to buy in 2023.
This project delivers an addictive runner game that allows players to compete globally, and the top 20% earn rewards at the end of each season.
However, Galaxy Fox is revitalizing the P2E industry by including residual income opportunities for all $GFOX token holders.
The aggressive protocol burn permanently removes tokens from circulation, making $GFOX deflationary and allowing all holders to accrue value indirectly.
The Stargate module is the rewards hub and accrues 2% of all ecosystem transactions, paying them out to stakers.
It has already raised over $2 million in its presale, and each round has seen a 15% price increase. Investors who move fast will be able to participate in stage 6 and see their initial investment grow, moving into the subsequent stage.
This early momentum is reminiscent of the 2017 ICO mania. Play-to-earn projects attained multi-billion dollar valuations last cycle, and early participants in the Galaxy Fox presale need to start thinking bigger. Could this be the next undiscovered gem to 100X?
Solana ($SOL) has been one of the best-performing tokens to date this year, even briefly flipping Binance Coin ($BNB).
Predictions forecast this low-latency blockchain becoming the number three project among the top ten cryptocurrencies, and Solana’s product market fit is undeniable. Certainly one of the top 5 cryptos to buy now.
Home to speculation, smaller investors, and a growing number of dApps, $SOL dips are entry points that investors should be bidding. Grassroots support will see Solana perform excellently in the 2024 bull market.
Avalanche ($AVAX) is another layer one that has performed excellently this year and positioned itself as a frontrunner heading into 2024.
In crypto, winners keep winning, and $AVAX is a prime example. Much of its success has come from the adoption of its Subnet program.
Subnets allow institutions to spin up ready-made blockchains without having to build their own validator set.
Avalanche is delivering bespoke blockchains to institutions, and with the rise of the RWA narrative, expect it to be another star performer in 2024.
Optimism ($OP) is an excellent Ethereum ($ETH) beta play and one of the best cryptocurrencies to buy for leveraged $ETH exposure.
Whenever $ETH climbs 5%, $OP shoots up 10%. The rollout of EIP-4844 (proto-danksharding) will provide a massive growth catalyst for layer twos, and Optimism is currently leading the race in terms of modular adoption.
More teams have used the OP Stack to deploy custom layer twos than any other layer three toolkit.
All chains built using the OP Stack are governed by $OP holders, leading to massive value accrual for these holders across multiple rollups. Another excellent token where dips equate to opportunities.
Celestia ($TIA) is a data availability solution primed to enjoy an enormous rally as data availability wars break out later in 2024.
Data availability refers to the need for blockchains to access and verify data to facilitate transaction validations.
This permissionless infrastructure project offers a scalable solution thanks to creating a more efficient way to store and access data on-chain.
Celestia adopts the modular approach and has been targeted by many VCs who believe that modular solutions to data availability are the future of blockchains.
A pick-and-shovel play and another project where investors should be targeting any and all dips.
In the bull market, dips are for buying. Experts predict that 2024 will likely be a generational bull market, and cryptos, being long-tail risk assets, should outperform almost everything.
Investors have 18 months to make the easiest money of their lives, and the above projects are the top 5 cryptos to buy now.
Galaxy Fox is a particularly striking example, and participating in its presale has to be the most exciting opportunity from a returns perspective.
Imagine being $SOL during its ICO phase in 2020. Missed that opportunity? Participate in the Galaxy Fox presale today.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.