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Recently, the world’s first cryptocurrency, $BTC traded above $50,000 for the first time in over 2 years. According to crypto analysts, this increase was partly due to the excitement over spot BTC exchange-traded fund inflows and the BTC supply halving coming up in two months. It has also been predicted that $BTC hitting $100k may come sooner than expected. Meanwhile, $GFOX, the new meme token with several use cases, is increasingly gaining recognition in the industry for swiftly progressing through most of its presale stages and raising an incredible $3.3 million.
Why Investors Think $BTC May Reach $100,000
Since $BTC launched in 2009, it has grown incredibly, drawing significant interest from many investors. It also experienced a remarkable rise in its token price, especially between 2013 and 2021, when it increased by a whopping 12,700%.
In 2022 the price of $BTC dipped to $17,000, but began to rise steadily afterward for most of 2023 and closing the year at just a little above $40,000. 2024 has also been really good for $BTC with the token trading above $50,000 for the first time in over 24 months on February 12.
As a result of this rally, predictions from technical analysts suggest that the token will potentially reach $100k sooner than expected. Although this prediction may look a little bit on the high side, However, by studying the price trajectory of $BTC over the years, we can conclude that the prediction is most likely correct.
For instance, in January 2014, $BTC traded around $800, but by 2024, it already soared by 5900% to reach $48,000. If the cryptocurrency should maintain this rate of price increase, it should reach $98,700 In January 2025, and potentially hit $10000 the following month.
Galaxy Fox Gains Momentum as Investors Eye $1 Price Mark
$GFOX, the innovative native token of Galaxy Fox is arguably one of the best altcoins in the crypto world right now. This token, currently in presale, has given investors substantial gains over the course of its presale stages and has been projected to hit the $1 mark by the time it launches on exchange platforms.
Its presales consist of 10 different stages, and each completed stage had the price of $GFOX increasing significantly. Currently in stage 8, the token has already delivered a whopping 230% ROI for investors who bought the token in stage 1. Stage 8 is about 90% complete and the token is getting set to transition to stage 9 where its price will increase further by approximately 10% signifying additional gain for investors.
Galaxy Fox as a blockchain based P2E platform features a web3 runner game that allows investors to earn $GFOX tokens while playing. The game also allows players to temporarily acquire boosters that will temporarily increase their in-game abilities and increase their chances of winning against other opponents. The game is structured into seasons, and at the end of every season, players in the top 20% of the leaderboard are rewarded.
Galaxy Fox ensures that its token does not lose its value and to implement this, the platform will use a mechanism called ‘token burn’. The token burn is a mechanism that allows a portion of the $GFOX tokens to be strategically removed from circulation so that $GFOX scarcity will increase and potentially gain more value.
Conclusion
Although the prediction that $BTC will hit $100,000 is more likely than not, it is worthy to mention that the token is significantly more expensive to buy compared to other altcoins like $GFOX, and has a much higher market cap. These factors limit the potential upside returns. So, it is advisable to invest in relatively cheap tokens with great potential like $GFOX which is currently in presale and offers a low risk to reward ratio and a potential huge ROI with little capital.
Are you looking to maximize your crypto investment? Visit the $GFOX website today and get a 15% discount. Also join the telegram channel for more updates.
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