Markets are shaking out weak hands and redistributing these tokens to stronger buyers. The Bitcoin ($BTC) price slips again, but analysts say the worst is over. Now, all investors need to do is hold until the halving and enjoy the post-halving rally. The last halving event occurred in May 2020, and $BTC exploded more than 600% in the following year.
Bitcoin rallying is excellent news for altcoins and everything else in crypto markets. Forecasts are getting increasingly aggressive as the FED maintains that they will cut rates three times in 2024 and risk assets soar. Small caps are the fastest horses to back in this race, and Galaxy Fox ($GFOX) is poised for 10X on Uniswap ($UNI) debut. Could it be one of the top cryptos to buy right now?
Bitcoin ($BTC): The Worst is Over
Bitcoin has seen another price slip, but nothing compared to the 19th of March, which marked the worst single-day decline for $BTC since the FTX news broke. This slide came from a rallying dollar, and $BTC has always traded inversely to the dollar. This rallying strength in the dollar is relative strength- other central banks have already started to lower rates while Powell sticks to the high rate path.
A strong bounce followed, and while Bitcoin tumbled slightly, analysts believe we are out of the woods, and $BTC is still a top crypto to buy now. Stocks continue to perform well, and Powell adopted a dovish tone, leaving rates unchanged, sticking with the forecast of three rates later this year.
Only a month is left until the halving and the supply shock it will cause. Bitcoin is a great value buy, especially for those asking which crypto to buy today for long-term exposure to the industry. Â
Galaxy Fox ($GFOX) Poised for 10X Rally During Uniswap DebutÂ
Galaxy Fox is ready to go to market, and forecasts predict a 10X rally during its Uniswap debut. Currently in its initial deployment stage (presale), the second phase will be launching on crypto’s largest decentralized exchange before finally listing on centralized exchanges. It goes without saying that the earlier investors join the journey the more upside they see. And the current price of $GFOX relative to its value proposition makes it one of the top cryptos to buy right now.
Shooting past $5 million in its presale and rapidly gaining on $6 million, there is no telling how high this hybrid model could shoot. Blending the play-to-earn and memecoin genres has proven popular, and now holders get to mix upside and entertainment. Galaxy Fox’s Web3 runner game pays out prizes each season and even integrates NFT functionality, with holders gaining access to special perks.Â
Interestingly, the protocol has integrated several ingrained value accrual mechanisms, such as the typical token burn and a growth-orientated Treasury. The Treasury receives funding from the sales of real-world merchandise and uses this revenue to fund marketing efforts. This trait will be worth its weight in the gold heading into the bull market in the current attention economy.
Currently, on-chain traders are bidding memecoins like crazy. When Galaxy Fox launches on Uniswap with an established liquidity pool and locked liquidity, it will become a natural vector for speculation, and a 10X price prediction is probably too conservative.Â
Closing Thoughts: $GFOX Approaches Retail Launch
Bitcoin’s drawdown is over, and the bullish upward trend will resume soon. Galaxy Fox is going to market against this backdrop, and with the current demand for memecoins, this new hybrid model will fly out the gate.
All the top cryptos to buy right now are memecoins and Galaxy Fox’s $5 million market cap will attract massive attention on Uniswap. Once memes cross this valley of doubt (over $3 million), the next target is a $100 million market cap. How long will it take $GFOX to reach this valuation? Join the presale today and find out firsthand.Â
