There is no better signal that the bull market has indeed started than giants from the last cycle pumping and showing signs of reentering price ranges not seen since 2021. Cardano ($ADA) is flashing a major bullish breakout signal, but new projects have way more upside potential this cycle. One memecoin, Galaxy Fox ($GFOX), has better upside and is already labeled the top crypto to invest in for the 2024/ 2025 cycle. How high can this gem climb?
Cardano ($ADA) Flashing Bullish Breakout Signal
Cardano, a sleeping giant of the 2021 cycle, appears to have woken up and is now flashing a bullish breakout signal. Popular X TA analyst Ali Charts posted his scenario for $ADA. He expects a move up to $0.80, a retracement back to $0.60, then a breakout and $ADA to sail all the way to $8 in January 2025.
The only thing holding Cardano back in the past was the absence of any DeFi ecosystem. However, introducing smart contracts on the network and the proliferation of liquid staking tokens has led to a mini-boom. Boasting a TVL of over $500 million Cardano’s current ecosystem is night and day from its ecosystem during the last bull run.
Old coins like $ADA pumping are telltale signs that retail money flows back into markets. They typically tend to buy coins they remember or any members of the top ten cryptocurrencies. However, for crypto-natives, there are far more exciting possibilities. And while $ADA’s potential 10X move is great, hundreds of 100X opportunities are waiting on-chain for anybody who searches.
Galaxy Fox ($GFOX) Aiming At 100X Returns
Galaxy Fox is one of these 100X opportunities and a top crypto to invest in now. Why? $GFOX is still in its presale, which is the maximal financial opportunity point. Getting in early has always been profitable in crypto, and Galaxy Fox’s outstanding funding rate shows that investors are rushing to get a piece of the action. Raising over $3.4 million in several weeks this new meme/ P2E hybrid means business.
The entire ecosystem is geared to attract new users and start a user acquisition flywheel. Galaxy Fox’s infinity runner is acting as the primary interest funnel, which, in classic Web3 style, pays out prizes to the top contestants each season. Anybody who wants to boost their chances of winning the prize pool can mint one of 3,000 NFTs and unlock in-game stat bonuses.
Its economic model is all memecoin, which explains its massive upside potential. A token burn removes $GFOX from circulation while taxes fund staking payouts. The net result is a deflationary asset that pays out yield for stakers. Analysts forecast a squeeze to occur post-launch when rewards materialize. Growing demand for $GFOX will encounter a shrinking supply, and laws of supply and demand dictate a rapidly appreciating price.
Located in the memecoin and GameFi narratives and still in its earliest developmental stage, $GFOX is an obvious answer for anybody asking what crypto to buy now.
Closing Thoughts: Bull Market Is Back And Small Cap Altcoins Are In
Cardano pumping is a classic sign retail is back, and when retail returns, altcoins start making crazy runs. Investors should be trying to get ahead of this move, and small caps are the cryptos you want to be holding over the coming months.
Galaxy Fox is a top crypto to invest in for precisely this reason. In the last cycle, meme and P2E projects reached multi-billion dollar valuations. Galaxy Fox currently has a market cap of $3 million. Do the math and participate in the presale now.
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