Over the last two months, Avalanche ($AVAX) has been one of the best cryptocurrencies to invest in, gaining more than 300%. However, analysts believe the gains could continue into December, with $AVAX projected to further increase by up to 3x.
Meanwhile, there is a new project in its crypto presale phase that these analysts believe could outperform Avalanche. Galaxy Fox ($GFOX) has been projected to gain up to 10x and outperform the crypto market in December. Let’s find out why.
Avalanche ($AVAX) Could Extend Gains By Up To 3x in December
Since the cryptocurrency market turned bullish, Avalanche ($AVAX) has been among the best cryptocurrency investments. The price of $AVAX has increased by more than 300% since its bottom in October. This rapid growth has earned Avalanche a position as one of the best cryptocurrencies to invest in for 2023.
Avalanche is now ranked among the top 10 altcoins with a market cap of $13.08 billion. However, several analysts have predicted that $AVAX could further extend its gains in December. The price of the altcoin recently broke above the $32.08 resistance level.
Since breaking above the $32.08 resistance, the Avalanche crypto has rallied above $35 for the first time since May 2022. A team of analysts at FXStreet have predicted that this could lead to a 40% gain in December. However, other analysts are even more bullish.
@DarthSithius has predicted that the $AVAX price could increase by more than 3x, making it one of the best cryptocurrencies to invest in. Popular crypto analyst berly.eth has agreed with this sentiment, suggesting that Avalanche is still in its early boom stage.
Galaxy FOX ($GFOX) The Presale Project With 10x Potential
Galaxy Fox ($GFOX) has recently gained popularity in the crypto community owing to its high development potential. Because of its utility and new gaming model, it has been recognized as the best cryptos to invest in. The project has merged the thriving play-to-earn (P2E) gaming with the exciting meme culture.
The Galaxy Fox ecosystem comprises four main components: the P2E game, NFTs, an NFT marketplace, and a merchandise store. The game is built in a virtual world where foxes explore and conquer different worlds. Players will earn digital assets and $GFOX (the ERC20 coin of the platform) for their participation and victories in the game.
The project has announced the launch of an NFT collection with 3,000 unique pieces. These are some of the coolest NFTs, as they are integrated directly into the game to serve as boosters. Players will have access to these NFTs via the marketplace. The merchandise store was built to offer captivating products to players. Points will be earned for users who engage in the merchandise store.
Because Galaxy Fox has brought massive utility to the meme coin space, market analysts are bullish about $GFOX. While it has increased by more than 70% to reach $0.001122, they have predicted a massive 100x surge for Galaxy Fox, making it one of the best cryptocurrencies to invest in.
In a Nutshell
Based on analysts’ forecasts, Avalanche and Galaxy Fox would see significant gains in December. However, the greater uptrend potential of $GFOX has attracted users. This is why it has emerged as one of the best ICO presales for 2023, and why investors should seize the opportunity to get in early before the retails launch price explodes.
Learn more about Galaxy Fox ($GFOX) here: