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A brutal drawdown is wiping billions of crypto markets, and altcoins are witnessing daily double-digit drawdowns. These were the prices everybody said they wanted, but when they arrive, everybody’s too scared to buy. One excellent takeaway from this flush is the relative strength of outperformers. Showing green in a sea red displays latent demand, and these assets always become leaders when market fortunes change.
Aptos ($APT), Stacks ($STX), Galaxy Fox ($GFOX), and Fantom ($FTM) defiant winners as most cryptos tank. Markets have shown their hand and investors already know which are the best cryptocurrencies to buy this quarter.
Galaxy Fox ($GFOX) Shatters $5 Million
Galaxy Fox is taking no notice of the downturn and continues to surge through its presale, recently posting a 15% gain. Now in the final innings and rapidly approaching its retail launch, the opportunity to join this meme/ P2E hybrid early is closing. Raising a staggering $5 million in several weeks and enjoying several notable price increases, markets are singling out $GFOX as a top crypto to invest in.
Inside this galactic ecosystem is an endless runner game similar to Temple Run. The endless runner has become a staple in the gaming landscape, but being a crypto project, Galaxy Fox introduces some Web3 flavoring. Top-ranked players win prizes each season, and this financial incentive is a great hook for attracting new users. In this ecosystem, gaming skill translates into cash, and anybody who wants to upgrade their chances of winning the prize pool can mint a Glaxy Fox NFT, which grants special in-game stat boosts.
Memecoin mania has defined this cycle, and the second leg up is inevitable. Participating in a memecoin presale before it launches on the open market is an easy trade, and $GFOX’s tokenomics model is the clincher. Staking rewards unlock passive income, and the burn guarantees a deflationary supply. This memecoin gem has it all, and there is no telling how high it can climb. It is undoubtedly one of the best cryptocurrencies to buy this quarter.
Aptos ($APT) Rerunning the Layer One Trade
Aptos is a next-gen layer one blockchain that introduces parallel execution to theoretically power up to 150,000 transactions per second. Markets have muscle memory, and trading the fastest layer one blockchains has always been popular.
$APT has shown incredible relative strength in the altcoin bloodbath and leaps into the top cryptos to buy right now for precisely this reason. Its programming language, Move, is making it easier for developers to check and verify their smart contracts before uploading them, and the Aptos ecosystem is poised to explode this year.
Stacks ($STX) Building DeFi on $BTC
Stacks is one of the top 5 cryptos to buy now to buy for anyone bullish on Bitcoin ($BTC). $STX is the only $BTC beta play on the market and trades directionally with Bitcoin. Unlocking DeFi on crypto’s largest and richest network is a massive value proposition, and anybody who missed an early entry to Stacks has used this dip to load up. This type of buying pressure during drawdowns defines future outperformers.
Fantom ($FTM) 10,000 TPS?
Fantom is a token anybody who was around last cycle will recognize, and Cronje, a legendary developer within the DeFi space, is back on his A-game. Now boasting parallelization and a TPS speed exceeding 20,000, money is flooding back into $FTM. Following the multi-chain hack, this ecosystem appeared dead, but anything is possible with a fresh influx of capital. Fantom is a token that investors should be paying close attention to.
Closing Thoughts: Observe Relative Strength
Observing relative strength is the key to finding the best cryptocurrencies to buy, and brutal drawdowns make this easy. Spotting green in a wash of red is far easier than working out which tokens are outperforming when everything is going up.
Galaxy Fox stands out even among this competition as a leading token and has the potential to turn into a blue-chip memecoin this cycle. A $5 million market cap to a blue-chip is enormous growth; when this gap closes, early buyers will make a fortune. Join this exciting journey today.
Learn more about $GFOX here:
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