Is ApeCoin (APE) Dead? Investors Are Turning To Galaxy Fox (GFOX) and Monero (XMR)
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
Bitcoin ($BTC) price predictions from analysts have already begun to spike as consensus emerges that the bull run has begun. Over the next two years, crypto investors will witness face-melting gains, but which are the best cryptocurrencies to buy to take full advantage of this coming multi-year rally?
Majors from the last cycle, save a few exceptions, will be bad holds, and the top cryptos to buy right now are new projects. For example, ApeCoin ($APE) appears dead and buried primarily due to a lack of interest in NFT-adjacent projects. Conversely, protocols like Galaxy Fox ($GFOX) and Monero ($XMR) show huge strength and can aid any investor in securing their portfolio.
Galaxy Fox (GFOX) Leads P2E Race
Galaxy Fox is a top crypto to invest in for anybody who believes GameFi will boom this cycle. This cosmic ecosystem delivers not only a Web3 runner game where players can turn their skills into cash but also an NFT marketplace, real-life merchandise, staking, memecoin virality, and deflationary tokenomics.
Protocols like Galaxy Fox thrive in a risk-on market environment, and macro conditions heavily favor an explosive launch. Early participants in the initial presale phase will also guarantee a 450% increase in their buy price at launch.
The Stargate module is the rewards hub for $GFOX token holders. It accrues 2% of all ecosystem transactions. Unique to Galaxy Fox is the use of taxation to pay stakers, which has two enormous upsides: no token inflation and rewards grow in conjunction with ecosystem growth.
This easy-access passive income source makes $GFOX an excellent crypto for beginners and makes them stakeholders in the overall advancement of the ecosystem. The Treasury will receive funds from merchandise sales and use this revenue to fund ecosystem development and push marketing efforts, which during the bull market will attract thousands of new investors.
The Galaxy Fox presale offers investors who have missed earlier memecoin sensations another chance to get an early allocation of a micro-cap gem and is one of the best cryptocurrencies to buy in the current market conditions.
ApeCoin ($APE) New Round of Token Unlocks
ApeCoin has found little momentum, even with Bitcoin leading a market-wide rally recently. $APE token holders also have more bearish pressure inbound, with unlocks taking place in late November- 4.24% of the current circulating supply will be released to founders and Yuga Labs. Analysts debate the effect this $20 million of sell pressure will have on the $APE token valuation, but with low trading volume, it is expected to push prices down, at least in the short term.
Price forecasts for 2024 see $APE trading between $3.01 and $3.49, showing that analysts still believe there is an upside to be had. But ApeCoin could be one of the last tokens to catch a bid due to its association with the Bored Ape Yacht Club NFT collection.
NFTs have still yet to show signs of life despite crypto markets rallying, and NFT-adjacent tokens will not rally until NFTs start showing positive price action.
Monero ($XMR) Gaining Steam with Privacy-Narrative
Monero has been a huge beneficiary of the increasing interest in on-chain privacy. Increasing roll-outs of CBDC test programs have fueled this interest in privacy-focused cryptos, and $XMR has become the obvious choice.
Launched in 2014, Monero has a long history of leveraging cryptographic proofs to obscure the sender, receiver, and amount sent, allowing for on-chain anonymity. As demand for privacy solutions increases, so does demand for the native token $XMR, which is why investors have been buying. And as demand increases, price jumps, and Monero has become a solid bet for investors looking to secure their portfolios.
Closing Thoughts: New Cycle New Kings
The current price action surrounding ApeCoin perfectly epitomizes why the best cryptocurrencies to buy now are new launches. As macro gets increasingly risk-on, investors want to be holding small caps, especially small caps that retail investors will not have access to on-chain via presales.
Galaxy Fox has to be one of this cycle’s most significant opportunities, and this presale could quickly turn early adopters into whales over the next two years.
Learn more about Galaxy Fox ($GFOX) here: