In January, Spot Bitcoin ETFs added 151,000 BTC
Jerome Powell’s decision to keep rates stagnant confirms the end of the hiking cycle. Over-leveraged traders are struggling, but investors buying at spot are comfortable.
Solana and Avalanche recover
Solana and Avalanche offer fast and affordable transaction capabilities. Solana is popular for trading meme coins. Similarly, Avalanche’s Subnet program allows institutions to create customized blockchains easily, which may support growth in the future. Both cryptocurrencies have shown synergy in the past, with Solana leading a rally and Avalanche following afterward. As they grow, small-cap altcoins could benefit.
Galaxy Fox presale targets $5 million
Galaxy Fox has a unique feature of a play-to-earn component. This memecoin has deflationary tokenomics, a taxation system that funds the Treasury, Stargate, and the liquidity pool, and an NFT collection that grants special in-game privileges. Galaxy Fox uses taxes to pay stakers and has an automated value accrual system. Its runner game also has a broad market appeal amongst GameFi supporters. It allows anyone to turn their gaming skills into cash.
Closing thoughts
Markets tend to repeat patterns. SOL can be an option for those who want to invest in smart contract platforms. However, aggressive traders looking for higher returns can explore GFOX.
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