Not everyone can afford Bitcoin and Ethereum. Besides, seeing a massive surge in these giants is pretty unlikely, considering their huge market shares.
So, investors on a tight budget are searching for penny cryptos for an easy market entry. The idea is simple: holding many under-$1 coins means even small price changes can result in huge profits. The catch is that many low-cap cryptos fail in the long run. So, how can you tell which ones will succeed?
The recent market trends show extremely optimistic projections for three particular under-$1 coins: Galaxy Fox ($GFOX), Kava ($KAVA), and Fantom ($FTM). What makes these three the best altcoins for 2023? Let’s explore.
Galaxy Fox ($GFOX)
Recognized as one of the best altcoins to invest in, Galaxy Fox combines four main features: a P2E game, an NFT collection & marketplace, a Stargate staking pool, and merchandise.
The game takes place in a virtual world where fox characters overcome challenges and take off on adventures. Of course, the game is about competition – whoever ranks in the top 20% of the players on the leaderboard gets a generous share of the prize pool. This pool is raised from the in-game asset purchases, and besides rewarding the winners on weekly and monthly seasons, it also supports the treasury and helps the project grow in the long run.
Also, the project plans to launch an exciting NFT collection with 3,000 one-of-a-kind items. Not only are these NFTs cool collectibles, but they also help your gameplay by acting as boosters.
This new ICO crypto introduced the meme coin sector to substantial utility, which has made market analysts optimistic about its future. With a recent increase of over 70%, experts predict a potential 100x surge, positioning Galaxy Fox as one of the best altcoins for 2023 and 2024.
Besides a unique, gradually increasing presale price structure, the $GFOX team also offers bonuses and giveaways to new members. This is to build its credibility and keep the community loyal, as unlike the majority of meme coins, Galaxy Fox aims to leave a long-lasting mark on the market.
Kava ($KAVA)
Kava is a Layer-1 blockchain known for its scalability, speed, and security. It combines features from Cosmos and Ethereum and has over 100 teams working on applications and infrastructure, which builds up its solid reputation.
Kava has shown longevity and development potential with the recent steady performance. While it has dipped from its November high of $0.9 and is now traded at $0.77, experts believe it has the potential to hit $1 in the coming years.
Fantom ($FTM)
Fantom is creating a next-gen blockchain to address Ethereum’s limitations, focusing on a more effective blend of decentralization, security, and scalability. Despite a massive drop in value from its peak in January 2022, $FTM shows signs of recovery and growth, and its current price is $0.39.
Fantom’s latest updates, like introducing gas monetization for successful dApps, are drawing in skilled developers and helping build a strong, sustainable network. This new way of generating revenue is major progress for the project, making it an increasingly appealing option among penny cryptos in the market.
Final Takeaway
Investors have started to look for cheap assets with actual growth potential, and penny cryptos like Galaxy Fox have become especially attractive. The hype around it is mainly attributed to its generous presale model and all-inclusive ecosystem that rewards its community at every step.
So, with its presale price currently at $0.001122, now is the right time for investors to look at $GFOX as one of the best altcoins for 2023 and get in on the action.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
Source: https://coinpedia.org/press-release/3-coins-under-1-set-to-primed-for-growth/