Institutions buy first-class cryptos, but 100-fold returns are only available in advance like $ GFOX

Since the massive Bitcoin price drop in 2022, market analysts, enthusiasts and investors have expected a big upward trend for the famous cryptocurrency. The previous statistics for 2024 indicate that $ BTC will be entered new areas in 2024. However, it is still unclear how far $ BTC will go and what potential profits there are for investors. While the skepticism continues to exist compared to the price of $ BTC, there is more optimism that new memoins such as $ GFOX will be the best choice for investors in 2024.

Great crypto investment in 2024

Data from the cryptom market have shown that $ BTC experiences a price increase. Since the second approval of a Bitcoin ETF in January, $ BTC has experienced major price changes with domino effects throughout the cryptor room. Since the price of $ BTC is almost $ 52,000, more and more investors and whales show interest in the cryptom market.

One of the major investors in February 2024 is Peter Thiel. The popular billionaire, who has been active on the financial market for decades, is not a newcomer to work in the cryptom market. Thiel has repeatedly expressed his support for the cryptom market and indicated that the blockchain network is an impressive alternative to the regulated financial market. Therefore, it is no surprise that Thiel's risk capital company Founders Fund has reported over $ 200 million in Bitcoin and other tokens.

There were also reports that large cryptocale invested over $ 6 billion in the market this year alone.

While these investments can be linked to the approval of the SEC, there are some underlying factors that have influenced the latest market mood and the price increase of $ BTC. These factors include:

• ETF loosening: although font-weight: 400 "> it took a few days until crypto enthusiasts had overcome the effects of the SEC permit. The market has moved from the initial hustle and bustle to more stable price levels. Long-term investors are familiar with the mechanisms of the cryptom market, so most of them waited with the investment in the coin until the sales pressure of the ETF investors had subsided. So your investment has further increased the stable price of $ BTC.

• Long positions: Long-term investors and whales control market prices and trends, and in their characteristic way they keep their $ BTC and create a limited offer. Demand increases with a limited supply and the prices will increase.

• Fear of Missing Out (FOMO): The trend for buying During the price is common in crypto enthusiasts and newcomers who want to quickly benefit from the rising price trends. This increases the enthusiasm for cryptocurrencies and is only short -lived, but it also increases their price.

There is a probability that some ETF investors will now have their profits paid out because the price of $ BTC is increasing. This campaign will probably lead to a price correction, which will leave many newbies and enthusiasts at a loss.

Due to the uncertainty about the possible actions of whales and ETF investors, others strive for more stable coins such as $ gfox . The coin kept a stable price record.

since its introduction in 2023 Galaxy Fox ($ GFOX) quickly developed into a top election among investors and offers potentially high returns of up to 100 times. After the company has generated over 3.5 million US dollars with its ICO, it is no surprise that $ GFOX has attracted the attention of the market.

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