After two years of declining prices, the cryptocurrency market appears to be recovering and bullish. Investors seem optimistic about the future of digital assets and there is a growing sense that in the next two years digital assets could post further gains.
However, not all currencies are created equal. Still, selecting undervalued tokens has always been essential for successful investing. With this in mind, here are three coins that can grow in 2023 and beyond:
Galaxy Fox: launching a game-to-earn platform
Galaxy Fox has raised more than $100,000 in its pre-sale.
The project's strong start and initial investor interest suggest that GFOX could be a coin that investors can consider.
Its ecosystem features regular token burns, a staking module, advanced tokenomics, and a non-fungible token (NFTs) market. These complement GFOX's primary utility as a play-to-earn (P2E) gaming currency.
The core element of Galaxy Fox is the classic runner game. Participants earn rewards each season and can improve their in-game skills by purchasing one of 3,000 NFTs.
Galaxy Fox also has a unique tax system. Two percent of transaction fees go to bettors, providing a return on a deflationary asset. Another two percent is allocated to the liquidity pool (LP).
The remaining two per cent goes to the Treasury, which funds community initiatives and marketing efforts. This economical approach can support GFOX in the next bull market.
Marketing plays a crucial role in cryptocurrencies. Galaxy Fox subsequently allocates a portion of its revenue stream to marketing efforts.
Fantom: Reviving Layer 1 Commerce
Fantom is a layer 1 blockchain whose native token, FTM, has been rising, following Solana (SOL) and Avalanche (AVAX).
The upcoming release of Fantom Sonic, a new virtual machine, could improve its performance, allowing it to run 2000 TPS with a goal of one second. This improvement is likely to attract more users and developers, which will support prices.
Analysts predict that FTM will reach $1.16 by the end of 2024.
Rollbit vs GambleFi
Rollbit started the GambleFi narrative in June this year following its migration to Ethereum.
Users can play classic casino slot machine games, trade futures, and bet on sporting events. RLB remains supported because a percentage of all platform revenue has been used for a buy-and-burn program.
This one-sided flow of liquidity in the bear market drove up prices.
As markets become more risk-prone, investors want to speculate more, and investors should expect increasing RLB burns.
Final thoughts
Ahead of the cryptocurrency bull run, investors can consider GFOX, FTM, and RLB. However, galactic foxThe lower market capitalization and its position in the GameFi narrative could explain why more investors are examining it in the ongoing pre-sale.
Learn more about Galaxy Fox (GFOX) here:
Visit the Galaxy Fox pre-sale | Join the Telegram group | Follow Galaxy Fox on Twitter
Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own research before taking any action related to the company.
