On January 10, the SEC approved a Bitcoin ($BTC) spot ETF product. The next day they were launched. The Bitcoin ETF had the highest first-day inflows by far, outperforming all other ETFs, with total first-day volume reaching $4.5 billion on January 11.
Institutional money is here and wants to play. Crypto natives have an advantage and should stock up on the top five cryptocurrencies to buy now before the inevitable liquidity cascade into the broader DeFi ecosystem. Besides Bitcoin, the top five coins you can buy after ETF approval are: Ordinals ($ORDI), Ethereum ($ETH), Ripple ($XRP), Dogecoin ($DOGE), and Galaxy Fox ($GFOX).
Galaxy Fox ($GFOX) Major ICO in 2024
Galaxy Fox has beaten its fellow ICOs in funding, and its ability to successfully raise funds at an early stage is the best sign of an ICO’s future potential. To date, over $2.3 billion of GFOX tokens have been sold and over $2.7 million has been raised.
The liquidity effect after the ETF would be hugely beneficial, and small cap stocks like $GFOX could absolutely blow up in the coming months. Small market cap, excellent tokenomics design, and narrative alignment make $GFOX one of the top five cryptocurrencies to invest in this quarter.
Galaxy Fox is a hybrid protocol that combines the best elements of the Play-to-Earn and Memecoin genres. Addictive runner games are at the center of this ecosystem, onboarding new users with typical P2E financial incentives. But the ecosystem built around this game is what makes Galaxy Fox special.
Staking rewards allow all holders to earn profits. Token burning continually reduces supply. And the Treasury is taking a proactive stance on developing an ecosystem that will pay huge dividends this year, given the optimism. Perfectly positioned within the Memecoin trend and growing GameFi narrative, this ICO is poised to deliver massive annual returns to early participants.
Ordinal number ($ORDI) to accommodate Bitcoin evolution
Ordinals is the first BRC-20 token and obvious $BTC beta play after the ETF. Even everything tangentially related to Bitcoin is set to soar in the coming months thanks to steady new capital inflows. Projects like $STX and $ORDI are some of the best cryptocurrencies you can buy for leveraged $BTC exposure.
The ability to inscribe random data on Satoshis allowed the creation of tokens and NFTs on the Bitcoin blockchain. Trading volume for Ordinals NFTs on the $BTC network even surpassed NFTs on Ethereum in late December. Ordinals are introducing new features to the Bitcoin blockchain and are currently one of the top five cryptocurrencies to buy after ETFs.
Ethereum ($ETH): Next ETF Explained
Ethereum was pumped much harder than $BTC on the day of ETF approval, and the forward-looking nature of the market led traders to turn to talk of an ETF called the $ETH ETF. Ethereum has always followed in Bitcoin’s footsteps, and the acceptance of the $BTC spot ETF bodes well for the potential of the $ETH ETF.
Numerous technology upgrades are scheduled for later this year, and even lawmakers have begun bidding for $ETH. Ethereum typically rebounds after Bitcoin, and now that the ETF narrative baton has been passed, we expect $ETH to outperform in the coming months.
Dogecoin ($DOGE): Return to Retail?
Dogecoin is another leader among the best cryptocurrencies you can buy right now. A Bitcoin ETF will increase market awareness of the cryptocurrency, and retail will slowly begin to reappear on order books. Once money flows back into the market, we expect the leading memecoins to place bids almost immediately. Buying $DOGE with retail profits is an easy trade.
Closing Thoughts: Q1 Altcoin Season?
The honest reality is that the $BTC spot ETF, despite not being fully in line with the ‘true cryptocurrency ethos’, has unlocked massive amounts of liquidity and helped legitimize cryptocurrency ownership and optics in the wake of the horrific aftermath of the SBX debacle.
Liquidity and improved awareness will act as a huge tailwind for the entire industry, and presales like Galaxy Fox’s could ride these coattails and create a huge rally in the coming months. Its small market capitalization, ideal narrative positioning, and solid economic model make it a standout star among the top five cryptocurrencies available for purchase today. Join the pre-sale now and be a winner as we move into the post-ETF era.
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