As market sentiment heats up, analysts start making their price targets, and two of these have caught more attention than most. Ben Armstrong recently shared his prediction for Ripple ($XRP), but the price prediction stealing the show is the forecast for Galaxy Fox ($GFOX). Could it be the top crypto to buy now?
A fresh bull run is about to begin, faith in the dollar continues to crumble, and soon, billions of dollars currently stored in treasuries will surge into markets as Jerome Powell cuts rates. Macro conditions could not look better for cryptos. Here’s why $XRP will hit $7 in 2024 and $GFOX will flip $SHIB.
Ripple ($XRP) Targeting $7 This Year
Ripple remains one of whales’ favorite cryptos. Why? It is the only altcoin that has received the green light from the US court system as not being a security. Armstrong leans heavily on this fact and even forecasts an $XRP ETF following the Bitcoin ($BTC) and Ethereum ($ETH) ETF products.
But this potential future ETF is not Ripple’s only catalyst to target $7. The media attention caused by the SEC vs. Ripple case put the protocol in the spotlight, leading to a surge in adoption. More and more businesses globally are using Ripple’s ledger to conduct cross-border payments, and its core metrics look excellent.
What makes $XRP a top crypto to buy early in 2024? Many hardcore crypto advocates may dislike this fact, but Ripple is actively working with governments all over the world to help roll out CBDC programs. Integrating CBDCs will give $XRP a massive advantage over its solely crypto counterparts and embed it deeply in the established financial framework. If Ripple successfully onboards nation states and integrates their respective CBDCs, the proposed $7 target will instantly start looking much more realistic.
Galaxy Fox ($GFOX) Primed to Flip Shiba Inu
Galaxy Fox blows through its presale, already raising over $2.2 million, and analysts tip this as the next flippening memecoin. Bonk ($BONK) overtook Pepe ($PEPE), and now $GFOX is setting its sights on flipping $SHIB. How will it do this? And why are analysts dubbing it the top crypto to buy now?
Underpinning this meme/ P2E hybrid are two incredible mechanisms. First is its tokenomics model, and second is the user acquisition flywheel. Galaxy Fox’s aggressive token burn ensures a down-only total supply and basic economic principles dictate that reduced supply and steady demand increase price. What if supply reduces and demand increases? That is how tokens 100X.
Additionally, Galaxy Fox has no inflationary pressures. It even funds its staking payouts with taxation revenue, ensuring that the supply of $GFOX tokens on the open market will constantly decline. This scarcity drives value, and the winners in this situation? Users staking their tokens in the Stargate module. They will be earning yield on a deflationary asset!
The user acquisition flywheel is another stroke of genius. Taxations fund the Treasury, which then supports community initiatives and marketing efforts. Many do not understand how vital marketing budgets are for growth and success, and Galaxy Fox’s constant capital stream guarantees it will be able to continuously onboard new users.
New users buying $GFOX indirectly fund the Treasury. The Treasury also earns revenue from real-world merchandise sales. More users mean more revenue, allowing Galaxy Fox to onboard more users. The flywheel activates. Even its runner game acts as a critical onboarding funnel for players worldwide, and this token’s potential is genuinely terrifying.
Closing Thoughts: Think Bigger
Investors need to think bigger and up the stakes. Even the top ten cryptocurrencies will yield easy 2Xs/ 3Xs. But for investors in the trenches participating in presales, these numbers jump to 100Xs.
Galaxy Fox’s success in building strong early momentum- the greatest indicator of future success for presales- highlights why it is the top crypto to buy now. Participating in this presale early will either be an investor’s greatest decision or greatest regret. Join the winning side today.
