$BTC has displayed continued strength this month as $ETH lags behind the market, but still shows bullish signals
Navigating the dynamic landscape of digital currencies, investors often grapple with the pivotal question: “what crypto should I invest in?” This article shines a spotlight on the OGs – Bitcoin ($BTC) and Ethereum ($ETH) – and their performance this December. It also looks into a newcomer that’s quickly gaining a foothold in the market: Galaxy Fox.
Galaxy Fox: Rising Star in the Crypto Universe
Galaxy Fox has gained a lot of attention recently for reaching $1.5 million in its presale at a blistering pace, and selling more than 1.5 billion tokens so far. This shows the level of confidence investors have in the project, as well as the strong demand for $GFOX and meme/GameFi projects, in general.
The Galaxy Fox presale is now in Stage 4. You can buy $GFOX tokens for just $0.00132, but there’s only about 16 million left. The price per token will increase to $0.001518 in the next stage, which means now is the best time to invest in Galaxy Fox to be able to enjoy higher returns in the future.
Galaxy Fox is catching the attention of the crypto community because of its fun play-to-earn (P2E) endless runner game that enables users to earn rewards while playing. Its NFT marketplace, coupled with the coolest NFT assets, is also a big draw. These NFTs serve as attribute boosters, allowing players to increase their chances of making it to the top 20% of the leaderboard and getting more rewards as a result. The 3,000 NFTs launched during the presale are also collectible assets that can be traded on secondary markets like OpenSea, giving investors more opportunities to make a profit.
For those who put their money in Galaxy Fox, there are benefits, too. The project has a staking program that handsomely rewards those who hold $GFOX tokens. Plus, they’re gradually reducing the number of $GFOX in circulation through a token burn mechanism, which could make the remaining tokens more valuable. These features make Galaxy Fox not only a solid choice in the market but also the best upcoming ICO to watch.
Bitcoin: The Undisputed Leader
“What crypto should I invest in?” Many who are asked this question often think of Bitcoin first. While it’s known as a volatile asset, Bitcoin is still seen as a solid investment because of its market dominance.
Bitcoin’s price went up by about 17.13% this December, starting from $37.7K at the beginning of the month and breaching $44K recently. This surge is largely driven by the optimism surrounding the approval of spot Bitcoin exchange-traded funds (ETFs). If these get the green light, the floodgates of institutional and mainstream adoption of $BTC will open at about the same time as Bitcoin’s halving – creating a perfect storm of conditions for $BTC to experience the ultimate price rally.
Ethereum: Platform of Infinite Possibilities
Ethereum took a shot at busting through the $2,250 and $2,265 resistance levels but couldn’t quite seal the deal, facing more than two rejections in that range. Zooming in on the hourly chart of ETH/USD, a notable bullish trend line is forming with support of around $2,215. Recently, Ethereum has been trading south of $2,220 and the 100-hourly Simple Moving Average.
However, if Ethereum falters in crossing the $2,250 hurdle, it could signal another downward slide. Initial support rests at the $2,170 level and the trend line. The first significant support zone is around $2,120, and breaching and closing below this level could trigger robust bearish movements.
Conclusion
This month, Galaxy Fox, Bitcoin, and Ethereum shine as top picks for investors wondering, “what crypto should I invest in.” If you prioritize a low-risk and cost-effective choice, Galaxy Fox is the ideal investment.
Visit the Galaxy Fox website to learn more about this project and participate in the presale – and join their Telegram group to keep abreast of its latest developments. This is a presale you don’t want to miss out on!
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
Wanda Parisien is a computing expert who navigates the vast landscape of hardware and software. With a focus on computer technology, software development, and industry trends, Wanda delivers informative content, tutorials, and analyses to keep readers updated on the latest in the world of computing.
