Crypto whales have recently shown strong market confidence by buying up around $50 million worth of Chainlink ($LINK) in just the last 10 days, during which time its price jumped by 40% in a month. This increase in $LINK’s activity and value is due to growing investor interest and a positive outlook on its utility and future potential.
At the same time, there’s a lot of excitement about the upcoming launch of Galaxy Fox ($GFOX), a meme coin with significant potential, which is almost at the end of its presale phase with over 2.6 billion tokens already sold. Are $LINK and $GFOX the best altcoins to buy?
Galaxy Fox’s Launch is Approaching
Galaxy Fox is making headlines as it approaches its retail launch, with market participants predicting a 100-fold price boost post-launch. The presale’s success, with 2.6 billion tokens already sold, indicates a high level of investor enthusiasm for what many believe could be the next big hit in the market.
Galaxy Fox has recently closed its 7th presale stage, and its 8th stage has already sold almost 90% of the tokens. This is because investors are rushing in to make a profit from the two remaining presale stages, as at each new stage, the price of $GFOX grows.
Galaxy Fox distinguishes itself with tangible utility in the GameFi sector through its Play-to-Earn runner game. This game will host weekly and monthly gaming tournaments and reward the top 20% of the players on the leaderboard from the prize pool.
Alongside gaming, this new ERC20 coin also allows the community to stake their $GFOX tokens and get prizes from the Stargate pool. Last but not least, Galaxy Fox will issue NFTs and offer an extra source of passive income to its loyal community members.
All these attributes rank $GFOX among the best altcoins to buy and reawake interest in the meme coin market.
Chainlink’s Bullish Outlook
In the past 10 days, Chainlink has seen a significant uptick in interest from big investors, with around $50 million worth of $LINK being snapped up, coinciding with a notable 40% price increase over the last month.
This buying spree was highlighted by a transaction where a large investor, or possibly an institutional player, moved approximately $49.9 million worth of $LINK off Binance, spreading it across 49 new wallets. These wallets now contain between $230,000 and $3.5 million in $LINK. This move reflects growing confidence in Chainlink’s potential, especially considering its key role in enabling the tokenization of real-world assets.
Chainlink now ranks 10th among the top 10 altcoins, and this wild interest and increasing adoption rates will likely boost its ranking even more.
Conclusion
With the bull market in full swing, now is the ideal time to secure some low-cap gems and enjoy a massive profit rally in the coming months. Galaxy Fox is an ideal low-cap option thanks to its rich ecosystem, multiple rewarding schemes, and deflationary tokenomics specifically designed to raise the value of $GFOX in the bull run. So, while two more presale stages remain, add $GFOX to your ‘best altcoins to buy’ list; it will surely pay off in the future!
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