The cryptocurrency market is being ripped off, and anyone with on-chain research skills is making money. Watching whales on-chain allows ordinary investors to mimic the trades and follow the moves of well-capitalized, sophisticated investors. Some interesting moves worth noting come from one whale betting $6.9 million on MakerDAO ($MKR) and aggressive participation in Galaxy Fox ($GFOX). Will this pre-sale explode in value?
Looking ahead to 2024, cryptocurrency investors will need to learn how to buy new cryptocurrencies before they are listed and how to track the movements of whales within the chain. Anyone can make 100x profits using these two techniques. Welcome to the bull market, where everything moves at 100 miles per hour. The fastest investor wins.
Whale bet $6.9 million on MakerDAO ($MKR).
Whales tend to bet heavily on larger market capitalization coins that they can extract value from without driving down their prices. MakerDAO has been printing money throughout the bear market by incorporating RWA as collateral for $DAI. Interest payments from holding short-term debt instruments (Treasury bonds) allowed MakerDAO to pay for improved savings rates and also increased demand for $DAI.
Any CDP where users mint $DAI will equal MakerDAO’s revenue, and the interest paid out may cause the protocol to reboot its buyback program. The end result was a parabolic rally for $MKR.
One whale’s significant buy order shows that it believes $MKR is the best cryptocurrency to buy in 2024, with still plenty of room for upside. How much will $MKR rise in 2024? And how much profit will this whale gain?
Galaxy Fox ($GFOX) funding turns parabolic.
Galaxy Fox saw tremendous on-chain activity as market participants jumped into this new pre-sale. Funding has surpassed $850,000 and the ICO will move to Phase 4 within a few days on its current trajectory.
Those who secure their allocations at this stage will enjoy a surge of 18%. The early momentum generated by Galaxy Fox can only be compared to the ICO craze of 2017, and this play-to-profit token looks ready to rip. It’s a classic reminder of why investors need to learn how to buy new cryptocurrencies before they go public.
Funding has gone parabolic with unprecedented growth at all levels and now the market is starting to steadily adjust the $GFOX price as it understands the value proposition. Galaxy Fox offers a classic P2E model that provides financial incentives to top players. Those who end the season in the top 20% of the leaderboard will receive prizes that can be exchanged for $GFOX tokens.
However, Galaxy Fox has expanded on the P2E concept by introducing an ecosystem around runner games and incorporating the best elements of the Memecoin genre. Analysts believe that $GFOX is one of the best cryptocurrencies to buy before 2024, and on-chain buy orders show early investors support this claim.
Staking rewards provide residual income to all token holders. The burn campaign continues to reduce the supply of $GFOX on the open market. NFT marketplaces allow users to trade digital assets. All of these features contribute to Galaxy Fox’s larger mission to be the established Web3 currency with deep composability across DeFi.
Closing Thoughts: Asymmetrical Betting
Small investors have one huge advantage over whales. That means extracting less value from the market. For this reason, it’s easier to multiply $1,000 by 10 than it is $10,000. Betting on pre-sales is a classic area where undercapitalized investors shine, and the Galaxy Fox pre-sale is a golden opportunity. For those who don’t know how to buy a new cryptocurrency before it’s listed, this pre-sale is an ideal moment to learn.
Pre-sales are asymmetric bets. The pros are great and the cons are minor. Participate in the Galaxy Fox ICO today and become a winner in 2024.
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