$XRP Price Just Got Slammed — Time to Shift to This New Token Instead?
The post $XRP Price Just Got Slammed — Time to Shift to This New Token Instead? appeared first on Coinpedia Fintech News
Markets took a pause, and now the fastest horses are beginning to make themselves seen. The overwhelming trend is toward new tokens launched this cycle, and these new gems with mindshare and no hidden sell pressure in the wings are the best cryptocurrencies to buy and hold throughout 2024 and 2025.
Ripple ($XRP) price just got slammed, and it looks like it’s time to shift to this new token instead. Galaxy Fox ($GFOX) has been ripping, and its presale has been breaking funding records. Don’t get left holding the bag of tokens from the last cycle.
Ripple ($XRP): Price Rejected Hard At Key Levels
Ripple has big problems in the high $0.50 range and has bumped its head multiple times here before. A rejection on the 200-day moving average is not something investors want to see when the rest of the top ten cryptocurrencies and other major altcoins are breaking out of year-long consolidation patterns.
In July last year, $XRP witnessed a meteoric daily rise when a US judge deemed it not a security, pumping nearly 100% in a single day. Seven months later, $XRP is only just trading above its pre-ruling price level. The leading problem is Ripple’s enormous size, and it is fair to say that Ripple is overvalued. Launching in 2012, the rampant adoption of stablecoins for cross-border payments has hurt its core business model, and its tech stack is outdated. Bad tokenomics is another factor holding back price, as Ripple founders and VCs hold massive bags that they continue dumping on retail investors.
This rejection is simply a warning for anybody smart enough to read it. The time has come to rotate into more lucrative projects, and Galaxy Fox is at the head of the line regarding the best cryptocurrencies to buy to win this cycle.
Galaxy Fox ($GFOX) Blasting Through Presale
Galaxy Fox has been pounding through its presale and has already sold more than 2.7 billion tokens and raised over $3.5 million. Early investors have enjoyed several price increases, and when Stage 8 sells out and Stage 9 begins, $GFOX’s price will leap from $0.002178 to $0.002376. While this price increase is nice, it is small fry compared to analyst forecasts of $GFOX rallying 100X before the end of the year.
Bringing a new hybrid model to market has proven popular, and integrating a P2E component into a classic memecoin build has driven Galaxy Fox’s success. $GFOX holders unlock staking rewards and indirect value accrual thanks to the protocol’s token burn. And on top of this, they have the chance to win prizes every season by playing the Web3 runner.
GameFi has been hailed as a significant narrative this cycle, and the ongoing revitalization in the P2E sector has fanned $GFOX’s flames. The growing appetite for memecoin trading has been another boon for this ecosystem. And with the Ethereum ($ETH) ETF launching later this year it will see another capital swell.
It would be hard for the team to pick better launch conditions. Small caps entering price discovery in buoyant conditions turn into cycle-winning trades and are obviously the top cryptos to buy right now. $GFOX is excellently positioned, and the window to join is closing.
Closing Thoughts: Is Galaxy Fox the Next 100X Gem
While Ripple bumps its head, investors should pay attention to markets steadily repricing new launches and signaling them as the best cryptocurrencies to buy going forward.
Presales in bullish conditions have always been goldmines. Galaxy Fox’s tokenomics model shines, and its success in building early momentum indicates a bright future. Join this exciting journey and participate in the presale today.
Learn more about $GFOX here:
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