.jpeg)
The question on most crypto investors' minds, especially beginners, is " What is the best cryptocurrency to invest in ?" ahead of the new year.
The new year promises to be exciting, with many predicting a better general market bull rally. This could see many cryptocurrencies surge. With this in mind, market analysts believe Injective ($INJ), Solana ($SOL), Celestia ($TIA), and the new Galaxy Fox ($GFOX) could be among the best cryptos to buy now, as they show signs of being top gainers in 2024.
Galaxy Fox ($GFOX): Buzzing GameFi Meme Coin
Galaxy Fox combines the high adoption and increasing profitability of the GameFi sector with the meme ecosystem's appeal. This positions the innovative meme coin for great market success. Galaxy Fox has a web3 runner game, which you can earn from. You'll equally get the opportunity to explore the NFTs landscape and gain from it in the innovative project's ecosystem.
Galaxy Fox aims to make its native currency $GFOX, a widely recognized currency across multiple web3 platforms. And, it will start in its ecosystem. Players will earn the meme token when they participate in the platform's runner game and perform well. It will be an all-out multiplayer game where the top players on the leaderboard can earn in-game currency, which can be converted to $GFOX, a real store of value.
Players can buy game boosters with $GFOX in the Galaxy Fox NFT marketplace. They can equally trade their Galaxy NFTs there and leverage the unique collection to improve game-winning chances. Beyond P2E earnings, you can benefit from the platform by staking your $GFOX token, winning competitions, or trading Galaxy NFTs. The deflationary token follows the trend of latest meme coins, having real utility and use case. $GFOX is a good crypto for beginners, and among the top crypto coins proactive investors should consider.
Injective (INJ) Eyes Bullish Reversal Amidst Current Decline
Injective is a finance-based blockchain powering next-generation dApps. The interoperable L1 protocol supports prediction markets, lending protocol, derivatives exchange, and decentralized spot. It has an instant finality feature and carries over 100+ projects in its ecosystem. $INJ is the protocol's native token, and it's among the best gainers this year.
The altcoin has a 2730.12% YTD return, moving from a $1.20+ market price early this year to above $30 market currently. $INJ set a new all-time high of $44.61 a few days ago but now trades around $35+ amidst ongoing decline. Experts believe the altcoin could turn the tide again in 2024, making it one of the best cryptos to invest in.
Solana (SOL) Targets Better Performance in 2024
Solana (SOL) is one of the best performing top altcoins this year, with over 1000% increase throughout the year. Solana (SOL) toppled Binance Coin (BNB) in the past week to become the fourth highest-ranking cryptocurrency by market capitalization. While BNB has regained its position, Solana's (SOL) $45.5+ billion market capitalization places it comfortably in fifth.
Solana (SOL) was battling to cross the $20 price point in January 2023 but currently trades above $105. The cryptocurrency has had an incredible 30-day run, moving from $61 to a $125.19 year-high. The market sentiment is bullish even though Solana (SOL) has failed to break the resistance around its peak price. The altcoin is back trying to break through $110+ market price and would likely retest the $120 resistance level soon.
Solana (SOL) could cross the $200 market price in the coming year if it maintains its current momentum. This makes it a potential top crypto to buy now.
Celestia (TIA) Price Outlook in 2024
Celestia (TIA) is another top gainer this year, which has the potential to replicate its market run in the new year. Celestia is praised as the first modular blockchain network that allows developers to define their execution and settlement environments with minimal overhead.
The native currency, $TIA, was valued at $2.20 at a point this year but has astronomically surged to be a double-figure altcoin. It has its best surge in the current quarter, moving from $6.43 to a $15.14 all-time high within a few weeks. $TIA is currently on a downward reversal, but analysts believe it could be a great entry point to make a profit months from now.
Conclusion
$GFOX is preparing for its 7th presale stage, which could come with a presale token price increase. Hence, proactive investors are advised to join the presale at its lower price. The fox-themed token has all it takes to be a profitable altcoin, and joining the presale increases profit-making chances.