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Often dubbed the Santa Claus Rally, the cryptocurrency market has a history of experiencing gains before the holiday season. 2023 has brought a different level of excitement, with the rally beginning just before the Christmas season.
While Bitcoin has remained the pioneer of the rally, it has been outperformed by several altcoins. ORDI ($ORDI), Celestia ($TIA), and Galaxy Fox ($GFOX) are among the best altcoins to buy now. Lets find out what the driving force is behind their rallies.
Galaxy Fox ($GFOX) Leads the Altcoin Rally As Interest Rise
Amidst the recent market rally, Galaxy Fox ($GFOX) has recorded a surge of interest from investors. The project has gained attention because of its unique reward system and tokenomics. As a result, the project has $600,000 within just a few weeks of its introduction.
Players are rewarded for conquests in the virtual world as they journey through different worlds. Their in-game rewards can be converted to cash on the ecosystems marketplace. In addition, the games Stargate module offers potential for residual income.
Galaxy Foxs ecosystem is supported by a 6% transaction tax, which is distributed among staking rewards, the projects treasury, and a liquidity pool. Because of its dedication to rewarding its community, Galaxy Fox has been voted as the best way to earn passive income with cryptocurrency in 2023.
This has contributed to the increased attention and price growth of its $GFOX token. Its value has risen by over 33% in the last week to $0.0008778. Analysts expect the coin to gain even more during its crypto presale. In addition, $GFOX has been anticipated to rise by up to 1,000% by Q1 2024, making it the best crypto to invest in for the bull market.
ORDI ($ORDI) Outperforms Bitcoin With Massive Gains
In January 2023, Casey Rodarmor introduced the first Bitcoin ordinals. By June, ORDI ($ORDI) was launched as the native token for the asset class, making it one of the best altcoins to buy. ORDI has seen tremendous success in the last month, outperforming Bitcoin in the process.
The token has gained more than 170% weekly, making it one of the best cryptocurrencies to buy. Its price briefly increased above $70 before dropping back to $52. As a result, $ORDI has become the first BRC-20 currency to achieve a $1 billion market cap.
Celestia ($TIA) Resumes Uptrend, Touches $10
Celestia launched its mainnet on October 31. The project introduced a network to make the development and implementation of modular blockchains easier. Celestias price skyrocketed following the mainnets introduction.
From $2.31 on October 31, $TIA rallied as high as $7 by mid-November. After a brief retracement, Celestia has resumed its uptrend, gaining 56% in the first week of December. This massive rally has sent the price of $TIA above $10 for the first time ever.
Closing Thoughts
The massive gains of Galaxy Fox ($GFOX), ORDI ($ORDI), and Celestia ($TIA) have made them the best altcoins to buy for the bull market. However, given its greater upside potential, $GFOX has seen a surge of interest over the last few weeks.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
Memecoin market is saturated with silly dog coin knock-offs and dodgy Pepe joke coins. What was once a thriving and fun-filled space has lately devolved into a wasteland of coins that lack real utility or serious development or even something just to make you laugh, like OG memcoins of the past Doge and Shiba Inu once inspired.
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COMTEX_444692351/2655/2023-12-09T13:05:42
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No The Daily News Journal journalist was involved in the writing and production of this article.