Investors turn to these 3 coins amid BTC ETF uncertainty 

Investors turn to these 3 coins amid BTC ETF uncertainty 
фото показано с : invezz.com

2024-1-6 14:00

As the Bitcoin (BTC) Spot ETF approval deadline draws closer, markets have become increasingly uncertain. Despite touching $45,000 earlier this week, $BTC has since withdrawn, and traders struggle with several scenarios. Will the ETF be rejected? Will it become a sell-the-news event? Will inflows be delayed?

Luckily, several altcoins have shown terrific relative strength recently, and when investors ask what cryptos to buy now, the answers are obvious. Investors turn to these over-performing coins amid BTC ETF uncertainty—a look at 2024’s best candidates.

Galaxy Fox ($GFOX) dominating presale funding

Galaxy Fox ($GFOX) looks ready to break funding records and has raised a staggering $2.4 million in several weeks. Rapidly progressing through its sixth stage (95% complete), early buyers will soon witness yet another 15% price rise. The innovative, dynamic pricing model employed sees several price increases throughout funding rounds. The move from stage 6 to stage 7 will see $GFOX’s price rally from $0.001749 to $0.00198.

This challenger is bringing a new lease of life to the P2E genre and introducing welcomed changes, including residual income for all holders. The core P2E building block remains- a game with integrated financial incentives. In Galaxy Fox’s case, this is an addictive runner game that pays out prizes directly exchangeable for $GFOX at the end of each season.

However, the protocol has added several additional mechanisms to enhance the earning journey. NFTs play a substantial role in this ecosystem. Holding one grants in-game stat bonuses, and the reliable prediction would be a climbing floor price as the value of the prize pool swells. They can be traded in Galaxy Fox’s in-house marketplace. Holders may even see their NFT featured in Galaxy Fox’s real-world merchandise line.

On top of trading NFTs and winning seasonal prize pools, Galaxy Fox delivers staking rewards. This passive income ensures all $GFOX holders profit from ecosystem growth, and participation has shot up as uncertainty increases as the $BTC ETF approval deadline looms closer. 

MakerDAO ($MKR): buyBack program

MakerDAO ($MKR) pivoted towards RWAs in 2023, increasingly relying on treasuries to collateralize its stablecoin $DAI. As well as being one of the world’s most liquid assets, treasuries additionally come with yield paid by the US government. MakerDAO’s enormous holdings allowed it to reboot its buyback program and introduce the Enhanced DAI Savings Rate.

All $DAI holders can earn 5% on their holdings, creating massive demand to mint $DAI, which generates revenue for the Maker. $MKR is another one of the best cryptocurrencies to buy now during this uncertainty. Thanks to bond interest payments, $MKR has a steady source of buying pressure, and its deflationary angle continues to push the price up.

Sei ($SEI): rise of the parallelized EVM

Sei ($SEI) is enjoying its moment in the sun as one of the best cryptocurrencies to buy now. Its rally came after the Solana ($SOL) and Avalanche ($AVAX) rallies, and the broad consensus is that $SEI will be 2024’s best layer one trade.

It claims to be able to process 20,000 transactions per second, and its parallelized execution makes it one of the fastest blockchains. Custom-built to offer the best on-chain trading experiences, Sei was designed to deliver a next-gen DEX experience. Its relative strength and fast recovery in any dips show an appetite to rerun the layer one trade. And $SEI is easily another one of the top cryptos to buy right now during this uncertainty.

Closing thoughts

The 2024 cycle will be dominated by new projects launched during the bear or this current Bull Run. These new coins are the natural answer to what cryptos to buy now. The dominance of $SEI and $GFOX already shows this thesis playing out, and while $MKR may be a great short-term hold, as soon rates get cut, its value proposition will look very different.

Joining the Galaxy Fox presale today could be an excellent way to get a leg up headed into this year’s bull market. The return of P2E projects and the rise of GameFi put this token in pole position to become a top performer.

To learn more about $GFOX, visit the Galaxy Fox presale or join the community.

The post Investors turn to these 3 coins amid BTC ETF uncertainty  appeared first on Invezz

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