October’s CPI print came in lower than expected. Great news all around for risk assets- especially crypto. Inflation weakening means that Powell will be justified in adopting a more dovish tone, and rate cuts and looser fiscal policy await markets.
Investors already want to know how much Cardano ($ADA), Tron ($TRX), and Galaxy Fox ($GFOX) they need to become a millionaire this cycle. The top 10 crypto coins will not make any millionaires this cycle. Investors who want to make life-changing money this cycle need to hunt down small-cap altcoins. But there will be no shortage of opportunities.
Galaxy Fox ($GFOX) Incoming P2E Bull Run
Early-stage investors in Galaxy Fox have easily the greatest possibility of becoming millionaires. This up-and-coming play-to-earn token has opened its presale and raised over $100,000 in several days. Demand for GameFi tokens roars, and Galaxy Fox rests front and center of the narrative.
A hyper deflationary P2E token, Galaxy Fox, outshines its competition thanks to the construction of an organic ecosystem. The main attraction of this cosmic protocol is its Web3 runner, which allows gamers to turn their skills into cash.
Each season, the top 20% of players earn prizes, and everybody can upgrade their in-game stats by purchasing in-game items or one of the 3,000 unique Galaxy Fox NFTs. 50% of in-game revenue goes directly to the prize pool, creating a nice flywheel effect for competitors.
Galaxy Fox’s most attractive feature has to be its tokenomics design, which prioritizes value accrual for holders above all else. Using a fair launch in its presale and distributing the majority of tokens to the open market means no large inflationary walls in the future.
A token burn removes $GFOX from circulation, and ecosystem taxes fund staking payouts, meaning no inflation there either. Investors earn yield on a deflationary asset, and experts have already forecast that $GFOX could be well on its way to becoming one of the top 10 crypto coins by the end of 2024.
>>BUY $GFOX TOKENS NOW<<
Cardano ($ADA) Return of the Dinosaur?
Cardano has become a crypto that many prominent members of Crypto Twitter like to joke about, given its massive valuation and lack of a tangible DeFi ecosystem. But the fact remains that Charles Hoskinson’s measured approach has birthed one of the technically most impressive and coherent blockchains in the space.
Still, $ADA’s bloated market cap makes Cardano holders unlikely to become millionaires unless they have $250,000 dormant in wallets they are willing to spend.
A similar theme will play out with all the top ten cryptocurrencies ranked via market cap. The early gains are gone, and these tokens only suit whales.
Tron ($TRX) Leading Adoption Metrics
Tron has displayed the grinding power of real-world adoption. It has become the hotbed of $USDT, and its rollout across Telegram has allowed millions of users to transact on-chain through a simple and familiar interface.
Its robust nature makes $TRX a great crypto for beginners, and its impressive TVL certainly makes it an exciting token to watch. But regarding how many tokens an investor would need to be a millionaire. Tron already has a market cap of $9 billion. Any capital appreciation will require enormous liquidity flows.
Closing Thoughts: Future Millionaires Pay Attention to Market Caps
Seasoned investors understand the importance of market caps in generating oversized returns. In layman’s terms, a larger market cap means more capital is required to increase price. Therefore, less-capitalized investors should ideally avoid the top 10 crypto coins and target smaller protocols like Galaxy Fox.
Presales have always been a surefire way to turn a small investment into a genuinely life-changing amount of money. The majority of crypto’s next millionaire class will certainly be presale investors. Don’t miss the opportunity to participate in the early rounds of the Galaxy Fox ICO today.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
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