Crypto markets are ripping, and anybody with on-chain sleuthing skills is making bank. Watching whales on-chain allows ordinary investors to copy trade and follow the movements of well-capitalized and sophisticated investors. Notable interesting movements come from one whale betting $6.9 million on MakerDAO ($MKR) and aggressive participation in Galaxy Fox ($GFOX). Is this presale next to explode in value?
Heading into 2024, crypto investors need to learn how to buy new crypto before listing and how to track the movements of whales on-chain. With these two skills, anybody can net 100X returns. Welcome to the bull market where everything moves at 100 miles per hour, and the fastest investors win.
Whale Bets $6.9 Million on MakerDAO ($MKR)
Whales tend to bet big on larger market cap coins where they can extract value without crashing the price. MakerDAO has been printing money throughout the bear market due to the integration of RWAs as collateral for $DAI. The interest payments from holding short-duration debt instruments (treasuries) have allowed MakerDAO to pay out an enhanced savings rate, increasing demand for $DAI.
Every CDP where users mint $DAI equals revenue for MakerDAO, and the interest payments have additionally allowed the protocol to reboot its buyback program. The end result has been a parabolic rally for $MKR.
A significant buy order from one whale shows that they believe that $MKR is still a top crypto to buy heading into 2024 with plenty of upside left. How high will $MKR climb in 2024? And how much profit can this whale extract?
Galaxy Fox ($GFOX) Funding Goes Parabolic
Galaxy Fox has seen huge on-chain activity as market participants wade into this new presale. Funding has pushed beyond $850,000, and the ICO, at its current trajectory, will move into Stage 4 in several days.
Those who secure an allocation during the current stage will enjoy an 18% surge. The early momentum generated by Galaxy Fox can only be compared to the ICO mania of 2017, and this play-to-earn token looks ready to rip. A classic reminder of why investors need to learn how to buy new crypto before listing.
Funding has gone parabolic with unprecedented growth in all stages, and now the market steadily begins repricing $GFOX as it understands the value proposition. Galaxy Fox offers the classic P2E model with financial incentives for the top-ranked players. Those ending the season in the top 20% of the leaderboard earn prizes exchangeable for $GFOX tokens.
However, Galaxy Fox has expanded upon the P2E concept by introducing an ecosystem around its runner game and integrating the best elements of the memecoin genre. Analysts believe $GFOX is one of the best cryptocurrencies to buy before 2024, and on-chain buy orders show that early investors support this thesis.
Staking rewards deliver residual income to all token holders. The burn campaign constantly reduces the supply of $GFOX on the open market. The NFT marketplace allows users to trade their digital assets. All of these features contribute to Galaxy Fox’s larger mission of becoming an established Web3 currency with deep composability across DeFi.
Closing Thoughts: Asymmetrical Bets
Smaller investors have one enormous advantage over whales – they extract less value from markets. For this reason it is easier to 10x $1,000 than $10,000. Betting on presales is a classic area where less-capitalized investors shine, and the Galaxy Fox presale is a golden opportunity. For those that do not know how to buy new crypto before listing this presale is an ideal moment to learn.
Presales are asymmetrical bets — the upside is huge, and the downside is minor. Participate in the Galaxy Fox ICO today and become a winner in 2024.
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