Elon Musk has been pumping crypto again. However, instead of Dogecoin ($DOGE), Musk has caused AI coins to pump. Recent screenshots showed xAI’s chatbot Grok, and Musk followed this up with an announcement that it would soon be available to all premium users.
AI hype has been rattling through markets all year following $NVDA’s huge run, the drama surrounding OpenAI, and, more fundamentally, people beginning to accept what a revolutionary technology artificial intelligence is. But what does this mean for Render ($RNDR), Fetch.ai ($FET), and Galaxy Fox ($GFOX)? Are these the top cryptos to buy right now?
Galaxy Fox ($GFOX) Presale Rallies
The Galaxy Fox presale astoundingly rallied at this news and drew in another swathe of large investors. Despite Galaxy Fox having no concrete link to AI, market exuberance has flowed over, and while researching the best cryptocurrencies to buy, investors have found $GFOX.
Galaxy Fox has crossed the $200,000 funding mark in just several days. Larger and larger wallets have begun to participate, and given that several P2E tokens reached multi-billion dollar valuations last cycle, the economic incentive is clearly there. Galaxy Fox is an entire ecosystem built around its runner game, which lets the most skilled players earn real cash each season.
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But Galaxy Fox has attracted growing attention because of its robust tokenomics model, which allows investors to earn a yield on a deflationary asset. Counter to almost every project in the space, Galaxy Fox pays staking rewards with buy and sell taxes as opposed to token emissions.
Those participating in the presale will not be diluted by token unlocks. It is the reverse. As the protocol commences its burn campaign, these token holders will gradually own a larger percentage of the total supply. Price predictions forecast $GFOX soaring by over 2,100% before the end of the year, and its tiny market cap and perfect macro launch conditions undoubtedly make it one of the top cryptos to buy right now.
Render ($RNDR) AI Will Need Computational Resources
Render has created a decentralized and open marketplace for GPU. Experts predict that AI will drive GPU demand skywards in the coming years, hence $RNDR’s classification as a top crypto to buy now. The premise behind Render is astoundingly simple. Users with spare GPU sell it to those who need GPU and receive $RNDR in return.
Following a successful migration from Ethereum ($ETH) to Solana ($SOL) Render now benefits from the latter’s enhanced scalability and cheaper gas fees. Additionally, with Solana dominating mind share, Render has enjoyed a nice downstream wealth effect from investors who have won big on $SOL and decided to rotate their profits.
Fetch.ai ($FET) AI Agents on Blockchains
Fetch.ai similarly pumped following Musk’s reveal of an X-native AI chatbot and has to be arguably the most ambitious protocol in the AI narrative. It aims to combine blockchains and AI to create autonomous agents that automate tasks and create value.
Through its open data network, Fetch.ai could potentially connect almost anything. The base premise remains to create intelligent agents that can automate tasks. But importantly, the data sets are shared in a secure and transparent fashion as opposed to the data abuses ripe in Web2.
Closing Thoughts: $GFOX Set to Pump 100X?
Investors should be paying close attention when a protocol pumps on unrelated news. Galaxy Fox’s presale rallying at AI news means that early investors in the artificial intelligence tokens are taking profits and rotating into GameFi, which will be the next narrative.
The upside potential remains outlandish for early $GFOX token holders. And early stakers will be the ecosystem’s greatest winners. Few projects offer yield on a deflationary asset and that is why $GFOX is one of the top cryptos to buy right now.
Learn more about $GFOX here:
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