Despite retail investors being late to the party, it’s no longer a secret that the crypto market has embarked on a bull run, as we just witnessed $BTC surpassing $60,000 for the first time in 2 years and top altcoins like Ethereum, rallying. While investors try to figure out the underlying cause and the best way to capitalize on this rally, experts have singled out presale investments as one of the significant and the best means among others. This is why Galaxy Fox presales which have generated over $3.8 million is currently investors choice.
Bitcoin Halving, ETFs and Ethereum Upgrade Leading Factors Behind Crypto Rally
Bitcoin’s upcoming halving is one of the most highly anticipated events in the industry. The process, scheduled every four years, aims to increase the cryptocurrency’s scarcity and make it more valuable. The next halving is likely to occur in late April 2024, and investors are massively buying the cryptocurrency in anticipation of the kind of gains seen in previous halving events.
Ethereum’s Duncan Upgrade, scheduled for March 13, is another highly anticipated event contributing to the overall market rally. The Duncan Upgrade aims to reduce transaction costs on auxiliary ‘layer-2’ networks built on Ethereum. This is why many experts believe that when the upgrade happens, the Ethereum blockchain and associated tokens will gain more users thereby pushing their prices upward further.
The launch of Bitcoin ETFs is also making its mark as one of the forces driving the market upwards. ETFs offer a regulated option for retail and institutional investors to get more exposure to Bitcoin and increase its liquidity. Since the introduction of Bitcoin ETFs like Blackrock’s iShare Bitcoin Trust and ARK21 Shares Bitcoin ETF ($ARKB.), the sector has gained remarkably, reflecting growing investor interest. Despite being approved earlier this year, the 11 ETFs in the U.S. tracking Bitcoin’s price have collectively earned a whopping $27 Billion worth of $BTC.
Other factors fueling this crypto run include the recent rise in activity of large holders of cryptocurrencies called whales and social media hype. Moreover, macroeconomic issues like a decline in the value of regular currencies, increased cost of living, and energy market disruptions are among the drivers of the bull run, as investors look to diversify their investment portfolios to buffer the negative effects of those factors.
Galaxy Fox Presale Soar Amid Crypto Market Bull
The ongoing crypto market rally has put many top crypto coins in the spotlight; however, it’s still Galaxy Fox that investors prefer the most. As experts keep recommending investing in its presales as one of the best means to maximize the rally, investors are increasingly flocking to Galaxy Fox, not only for rallying along with other cryptocurrencies but for possessing innovative features and various opportunities to maximize gains in the industry.
Galaxy Fox aims to bring more excitement to the play-to-earn industry by integrating a web3 runner game within its platform. The game allows users to play and earn $GFOX tokens if they maintain their position in the top 20% of the leaderboard at the end of each season. The game also allows the purchase of NFTs, which will be used as temporary boosters, enhancing the game’s competitiveness
Out of the 5 billion total $GFOX tokens available, the presale stages have the highest percentage which stands at 70% of the supply so that more investors can invest and gain in the platform before launch. Other aspects of the ecosystem, like the staking pool, treasury, and liquid pool, will be funded by collecting taxes and royalties at a rate of 6% on all buys and sells recorded within the ecosystem.
Galaxy Fox is currently in stage 8 of its presale, offering its token at $0.002178. And as expected, the token will progress to stage 9 soon where the token will be selling for $0.002376. Interestingly, in this stage, investors who invested in stage 8 will gain about 9% return on their investment, while for earlier investors, that signifies another 9% ROI.
Conclusion
In its current rally, the crypto market presents an exciting opportunity for investors to make significant gains. While investors look for means to capitalize on this rally, experts recommend diversifying their portfolio with presales like Galaxy Fox, as it has much potential to outperform other top altcoins in delivering gains.
Do you want to capitalize on the crypto market’s current bull run? Join Galaxy Fox’s presale and Community via the link below
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