The bull market is raging. Bitcoin ($BTC) teeters towards printing a new ATH. The CFTC announced Ethereum ($ETH) as a commodity in the KuCoin lawsuit, quasi-guaranteeing the approval of the Spot $ETH ETFs later this year. And memecoins are printing millionaires.
There has never been a better time to be a crypto owner, and all bets are on an altcoin season sometime in Q2. When altcoins start getting rerated, the whole market will kick into the next gear, and investors have precious weeks left before mania takes hold. Tron ($TRX) surpasses 220 million accounts, but the $TRX price is still lagging behind coins like Galaxy Fox ($GFOX). Markets like new projects over old and fresh launches are the top cryptos to buy right now.
Tron ($TRX) Surpasses 220 Million Accounts
Tron has a habit of making gains that go unnoticed by the market. Justin Sun, whatever people may say about him and his business practices, has put stablecoins in the hands of millions of people all over the developing economy and has been an absolute powerhouse for real-world crypto adoption. Data from TronScan reveals that the number of unique wallets has sailed past 220 million, the total number of transactions executed by the chain stands above 7.34 billion, and the total TVL has climbed to $10 billion.
The primary use case of the Tron network globally is sending remittances and unlocking the ability to access dollars for citizens living in countries with poorly managed fiat currencies. However, this focus on adoption has come with drawbacks. While Tron excels in sending money, its DeFi ecosystem is shaky at best, with most protocols boasting an inflated TVL from Sun’s personal funds.
But with such impressive adoption figures, how is the price still lagging behind that of tokens like Galaxy Fox? Objectively speaking, $TRX’s performance has not been bad. Galaxy Fox is just moving way faster and primed to print way bigger returns this cycle- could it be 2024’s top crypto to invest in?
Galaxy Fox ($GFOX) 2024’s Hottest ICO?
Galaxy Fox is one of those once-in-a-cycle tokens, and judging from its early presale success, it will deliver a monster price discovery phase. Shooting past $5 million in several weeks and already closing in on $6 million, this new hybrid meme/ P2E project is a sleeping giant getting ready to wake up. The tokenomics model catapults this token into the top cryptos to buy right now, and it remains critically undervalued in its presale.
Its hybrid model combines the best of the memecoin and play-to-earn genres, launching a token packed with upside and an ecosystem filled with entertainment. Players compete globally in its infinite runner game, with the top 20% of the leaderboard earning cash prizes at the end of the season. These players can mint an NFT to increase their chances of victory, and this entertainment component, blended with financial incentives, creates an excellent interest funnel for the protocol.
But the real genius lies in the tokenomics model. Galaxy Fox leverages a unique taxation system to drive growth and fund staking rewards. The massive advantage of this model is staking rewards without inflationary emissions, and these lucky stakers are earning native yield on a fully deflationary asset.
Galaxy Fox is supported by two of this cycle’s leading narratives- GameFi and rampant desire for memecoins. It will go to market in a bullish trend and enjoy secondary winds when the $ETH ETFs get approved. A 100X is a realistic price target over the next six months.
Closing Thoughts: Embrace Memecoin Culture
What are the top cryptos to buy right now? Forget about buying the top ten cryptocurrencies and focus on memecoins. This has proven to be the fastest growing vertical and in crypto, winners keep on winning. Explaining why $GFOX has rapidly outpaced $TRX despite its impressive growth metrics.
Getting into Galaxy Fox early is a bumper value proposition, and with its retail launch just weeks away, investors need to decide if they will join today or FOMOin six months later. Get ahead of the curve and become a $GFOX holder today.
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