Over the last two weeks, the crypto market has suffered its biggest downtrend in almost a year over selling pressure from Grayscale and a few $BTC whales dumping on the market. However, in the midst of this bearish set-back, Bittensor ($TAO) emerged as one of the best crypto coins to invest in, pumping by a staggering 40%.
Another altcoin that showed remarkable bullish momentum in the market is Galaxy Fox ($GFOX). Despite the market-wide sell-off, investors were engrossed in $GFOX, one of the best ICOs, contributing almost $3 million. Read on for more details.
Bittensor ($TAO) Pumps 40% Amidst Network Growth
The cryptocurrency market has been trending downhill over the past few weeks, with investors witnessing large drops in the prices of practically all digital assets. Bittnesor ($TAO), on the other hand, has defied the trend and is now one of the few cryptocurrencies on an upward track.
The price of Bittnesor has surged by 40% on the weekly chart and an outstanding 550% over the last three months. As a result of the price pump, $TAO has increased from $50 to $349, making it one of the best altcoins to buy.
The surge in the price of $TAO has been linked to rising developer activity on the network. Bittnesor’s development activity increased by 37% over the past day. The project has attracted attention because it uses AI to help developers create and deploy intelligent applications.
Bittsensor was designed to be an incentivized pure market for artificial intelligence. Steadily increasing interest in the Bittensor network makes $TAO one of the top altcoins to watch.
Galaxy Fox ($GFOX) Nears $3 Million in Presale Amidst Surging Interest
Galaxy Fox ($GFOX) is one of the best altcoins making headlines in the crypto space. Even when the best cryptocurrency investment, Bitcoin, saw outflows, Galaxy Fox attracted investors. In just a few weeks, Galaxy Fox has raised almost $3 million, making it one of the best ICOs on the market.
It has recently been gaining popularity as a potential competitor for other well-known meme coins like Shiba Inu. Galaxy Fox is determined to revolutionize the meme currency industry with its innovative features.
One of the key features of Galaxy Fox is its blockchain gaming ecosystem, which includes a peer-to-peer game, an NFT marketplace, some of the coolest NFTs, and a merchandise store. All of these products are designed to increase user participation in the ecosystem, with users being compensated for their participation and activity.
Galaxy Fox also has a superior tokenomics model compared to other meme coins like Shiba Inu. While Shiba Inu has over 589 trillion tokens, there will only ever be 5 billion $GFOX tokens. Additionally, 10% of all $GFOX tokens will be put into a liquidity pool, making it one of the top cryptos to buy.
This deflationary model will be increasingly effective, driving the price of $GFOX to rise significantly in the following months. Currently, in its seventh crypto presale stage, $GFOX is priced at $0.00198. Given its price and 100x forecasts when the platform launches this quarter, Galaxy Fox is the best cheap crypto to buy right now.
The recent performance of Bittensor during the bear has put it under the radar of many investors. However, as one of the best ICOs looking to transform an entire sector, Galaxy Fox has gained even more traction. The presale of the project presents the best opportunity to join before its launch.
Learn more about Galaxy Fox ($GFOX) here: