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The crypto bull market has a history of making many millionaires. In previous bull cycles, some top altcoins achieved ROIs greater than 100x. Since we have entered another bull market, altcoins are set to experience parabolic increases.
But how do you identify the best cryptocurrencies to invest in? This article will explain how to carefully pick the next altcoin set for a parabolic rise and offer examples of such altcoins.
Understand the Crypto Market
Like every other market, the cryptocurrency market experiences phases of accumulation, uptrends, distribution, and downtrends. The best cryptocurrency investments are often made during the accumulation period or just before the uptrends start.
The massive price surge of Ripple ($XRP) in 2017 and Shiba Inu ($SHIB) in 2021 happened during these phases. Thankfully, the cryptocurrency market just exited an accumulation period. This means were still in the early stages of the new bull cycle.
Find a Project With Potential
While we have established nows the right time to invest, how do you find the best cryptocurrencies to invest in? During the previous bull markets, the biggest gainers were little-known projects. However, they all share similar traits; they were unique projects that sought to establish a new model in the cryptocurrency market.
One project treading down this route is Galaxy Fox ($GFOX). This crypto presale project has merged the exciting world of meme coins with play-to-earn (P2E) gaming. By doing this, Galaxy Fox hopes to create a new category of meme coins with real-world utility.
The game revolves around unique fox characters engaged in interplanetary combat. Players will embark on an epic journey after selecting their own unique Foxes for the fascinating web-3 game. The best players will receive in-game items and $GFOX tokens for their abilities and accomplishments.
Get in Early and HODL Through the Bull Market
Finding projects as unique as Galaxy Fox is not enough to ensure a 100x price surge during the ongoing bull market. You need to get in early after finding the best crypto to invest in right now.
Galaxy Fox has seen a flurry of investors. The project has received more than $820,000 in the last couple of weeks as it has been ranked as one of the best ICO presales. The surge of interest has seen the ERC20 coins of the platform, $GFOX, increase by more than 70% to trade as high as $0.001122. However, it still remains decently priced for investors looking to jump in.
Next, you need to HODL through the bull market. For example, the massive Ripple surge in 2017 took approximately 9 months to peak. Shiba Inu experienced it in seven months. With its unique proposition, $GFOX has been ranked among the best cryptocurrencies to invest in for this bull market.
Closing Thoughts
While often dubbed overnight millionaires, investors who reap the most in bull markets spend a good amount of time waiting. So the best strategy is to buy now and hold through the bull market to enjoy the forecasted 100x price growth of $GFOX.
Learn more about Galaxy Fox ($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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View source version on newsdirect.com: https://newsdirect.com/news/bull-run-bonanza-how-to-carefully-pick-the-next-100x-altcoin-king-636230108
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COMTEX_444891529/2655/2023-12-13T13:00:24
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Sahyadri Times journalist was involved in the writing and production of this article.
