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The cryptocurrency market has suffered a 10% drop from its 2023 high. While many of the best altcoins still record losses, analysts have called the correction an opportunity for investors to stack coins that could lead to a bull market.
Find out why Galaxy Fox ($GFOX), Kaspa ($KAS), THORChain ($RUNE), Chainlink ($LINK), and Toncoin ($TON) are the best cryptocurrencies to invest in for the continuation of the bull market.
Summary
Galaxy Fox ($GFOX) Creates a New Category of Meme Coins
Meme coins are often associated with fun, community projects without utility. Galaxy Fox (GFOX) has launched to change that, creating a meme coin with utility. The project is based on a blockchain play-to-earn (P2E) gaming ecosystem.
In addition to introducing utility to meme coins, the project has created a P2E title to help users multiply their earnings. Players will earn rewards by engaging in the Galaxy Fox and staking their tokens for passive income. Users can also earn extra points for their Galaxy Fox merchandise store engagements.
The meme-driven fun and lucrative opportunities Galaxy Fox presented have caught the crypto community’s attention. The crypto presale project is on track to raise $1 million in two weeks as more and more users turn to the platform. The ERC20 coin is now valued at $0.001122 per token. However, in the bull market, analysts have projected gains of up to 100x.
Kaspa ($KAS) Builds Momentum, Looks To Extend Gains
Year-to-date, Kaspa is ranked among the best cryptocurrencies to invest in. The Kaspa coin has increased by more than 2,200% in 2023. While it has dipped to $0.1212 as the crypto market dropped, analysts have remained bullish about the project.
Firstly, Kaspa has begun testing its 10bps testnet. The launch of the testnet is expected to take $KAS to the next level. In the bull market, Kaspa has been projected to set a new all-time high above $0.500.
THORChain ($RUNE) Network Expansion To Lead Price Rally
THORChain has recorded one of the biggest growths in 2023. In the last two months, the price of $RUNE has increased from $1.5 to as high as $7. While the price of THORChain has retraced back to $5.5, analysts still remain bullish about the project.
While the price growth of $RUNE caught the attention of investors, its network growth has fueled the rally. THORChain has one of the most scalable blockchain networks. With a TVL of over $900 million and more projects building on the network, a price target above $10 has been set for $RUNE.
Analyst Forecasts More Gains for Chainlink ($LINK)
Chainlink has been in contention for the best cryptocurrency investment. From a low of $7 in October, $LINK rallied above $17.2 in December. However, like the rest of the crypto market, the price of Chainlink has suffered a double-digit loss.
Despite the current bearish state, Michaël van de Poppe has given bullish predictions for $LINK. According to Poppe, Chainlink could extend its gains as it has shown strength against Bitcoin. He predicted that another bull run would see the Chainlink increase as high as $35.34.
Toncoin ($TON)
While Toncoin ($TON) may have dropped out of the top 10 altcoins due to the recent market, it is still ranked as a top crypto to buy for the bull market. The links with Telegram – one of the biggest social media platforms – give Toncoin the edge over most altcoins.
In November, Toncoin became the fastest blockchain, completing 104,715 transactions per second. This speed has encouraged more projects to build on the TON network. As these projects launch, $TON is expected to increase rapidly.
Final Thoughts
Based on their predictions, these are the 5 best cryptocurrencies to invest in for the bull market. However, Galaxy Fox’s edge is in its dual utility and earning opportunities. Because of its extra earning opportunities, analysts have projected a surge of interest in the project. So make sure to get in while prices are still low in the early presale stage.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
*This article was paid for Cryptonomist did not write the article or test the platform.
