Headlines have recently been dominated by the news that bitcoin broke the $43,000 barrier, after months of consolidation in the $30,000 region.
Cryptocurrencies are known to be an industry in which there is no shortage of options to diversify a portfolio, regardless of the investor's risk appetite. Galactic Fox ($GFOX) It is a new altcoin that features a deflationary model and a wide range of utilities, so let's take a look.
Galaxy Fox ($GFOX) – Memecoin on a mission
Galaxy Fox stands out from the rest thanks to its numerous benefits and features.
Users can win cool prizes and also earn rewards with Galaxy Fox, including $GFOX tokens. Additionally, the platform offers $GFOX holders several options to increase their holdings and generate additional income through options such as staking.
Another is by winning conquests and matches on the Galaxy Fox platform. Galaxy Fox's native token is an ERC-20 coin called $GFOX, which is currently in the pre-sale stage. Thanks to a “token burning” mechanism, the value of the coin could appreciate over time.
The platform's treasury fund rewards top performers within its ecosystem. Galaxy Fox is also planning to release the coolest nft collection of 3000 unique NFTs. However, access to these NFTs is reserved exclusively for $GFOX token holders.
Participating in the Galaxy Fox pre-sale is an option for cryptocurrency investors who want to get ahead of the retail crowds. With a current price of just $0.0008778 per $GFOX, there are many more stages where the price should increase if the pre-sale is successful.
$btc – More gains to come?
bitcoin recently crossed the $40,000 mark after a bearish 2023. This marked its return to this price level for the first time since late April 2022, reaching a 19-month high on December 3 to break the $42,000 barrier.
$btc has already set a new high for the year, rising more than 138% since the beginning of 2023. Markus Thielen, head of research at Matrixport, has made bullish predictions about the future value of bitcoin. bitcoin will reach $60,000 in April 2024 and $125,000 by the end of the year, he predicts.
The rise in bitcoin price has been accompanied by persistent reports that the US could authorize a spot bitcoin exchange-traded fund (ETF). Standard Chartered predicted on November 28 that bitcoin could reach six figures by the end of 2024 due to the “earlier than expected introduction” of spot ETFs in the United States.
Bloomberg ETF analysts have also expressed confidence, projecting a 90% chance that all pending ETF applications will be approved by January 10.
With the price of bitcoin surpassing $43,000, analysts and traders anticipate that the bullish momentum could last for several weeks.
$GFOX is still in the early stages of its journey. Its low market capitalization and link to the global gaming sector have attracted nearly $700,000 in investments so far.
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