After a decade-long wait, the United States Securities and Exchange Commission finally approved the trading spot Bitcoin ETFs. Although this event was initially expected to trigger a bull run, causing Bitcoin and other cryptos to skyrocket, some analysts suggest that the event is already priced in.
As a result, savvy investors are diversifying their portfolios with some of the best cryptocurrencies to buy now, including $GFOX. Let’s take a closer look at this project and figure out why it’s on so many lists of top coins to buy.
The best ICO presale for maximum profits
One of the best ways to make passive income with crypto is to buy new crypto before listing. This way, you get the tokens for a fraction of a dollar, and stand the best chance of making the most profits when the coin skyrockets. This is what makes investing in $GFOX a great idea in the crypto world to see how the approval of spot Bitcoin ETFs will affect the market.
$GFOX offers you a fast-growing coin that is poised to become a 100X coin in the coming months. Although it is a meme coin, the token stands head and shoulders above run-of-the-mill meme coins to offer utility-rich features designed to proliferate and transform your life. From a web -3 game to NFTS and physical merchandise, $GFOX has everything you need in a meme coin project and more.
The play-to-earn game gives you a chance to enjoy an exciting game while making some real money on the side. The goal is to be among the top 20% of players on the leaderboard by the end of the gaming season. To enhance your chances of getting there, you can buy some NFTs which give your avatar unique strengths. You can also buy some attribute boosters when you need to temporarily increase your speed, agility, and strength.
Another feature that makes $GFOX the best cryptocurrency to buy is its staking platform. This platform allows you to showcase your loyalty to the project and in return, you get some monetary rewards in the form of $GFOX.
You can also extend your love for $GFOX into your physical everyday life by adding some stunning collectibles to your collection or enhancing your wardrobe with some sleazy fashion items.
If you haven’t already done so, this is the best time to join the fast-selling $GFOX presale. The ICO is now in stage 7 with over 87% of the coins sold. The presale has raised over $2.6 million to date.
Are Bitcoin ETFs already priced in?
Cryptocurrency investors are excited about the approval of spot bitcoin ETFs that happened on Wednesday. Most expect that this development will pump billions of dollars into the crypto market by paving the way for more investors to get into the space.
According to anchorage CEO, Nathan McCauley, the introduction of spot bitcoin ETFs marks the end of crypto as a novel asset class. ETFs will make investing in the best cryptocurrency to buy a less intimidating task for beginners
The firms that got the approval are already household names in the finance industry. Their move into the digital space helps to make crypto more mainstream, and possibly increase the value of different cryptocurrencies.
However, some analysts are skeptical about the impact spot Bitcoin ETFS will have. Although we can already see some price increases, with $ETH surging by 17% and Bitcoin moving past $47,000, some analysts think the majority of gains for Bitcoin ETFs might already be priced into the market.
Final word
As we wait to see what will happen now that spot bitcoin ETFs are a reality, take this opportunity to diversify your portfolio with $GFOX, a fast-rising coin that’s primed for major gains, and one of the best cryptocurrencies to invest in for 2024.
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