The post Top 5 Coins to Buy Post-ETF Approval (Aside from $BTC) appeared first on Coinpedia Fintech News
On January 10th, the SEC approved a wave of Bitcoin ($BTC) Spot ETF products. The following day, they launched. The Bitcoin ETFs saw the greatest first-day inflow rate, outpacing all other ETFs to date, and the total volume of first-day trading on January 11th totaled $4.5 billion.
Institutional money is here, and it wants to play. Crypto natives have the advantage and should be lining up their top 5 cryptos to buy now before the inevitable waterfall of liquidity into the broader DeFi ecosystem. Here are the 5 top coins to buy post-ETF approval aside from Bitcoin: Ordinals ($ORDI), Ethereum ($ETH), Ripple ($XRP), Dogecoin ($DOGE), and Galaxy Fox ($GFOX).
Galaxy Fox ($GFOX) 2024’s Leading ICO
Galaxy Fox has beaten its fellow ICOs in fundraising, and the ability to raise successfully in the early stages is the best signal for an ICO’s future potential. To date, more than 2.3 billion $GFOX tokens have been sold, and over $2.7 million has been raised.
The post-ETF liquidity effect will be a massive boon, and small caps like $GFOX can absolutely fly over the coming months. Its tiny market cap, excellent tokenomics design, and narrative alignment easily make $GFOX one of the top 5 cryptos to invest in this quarter.
Galaxy Fox is a hybrid protocol merging the best elements of the play-to-earn and memecoin genres. An addictive runner game sits at the center of this ecosystem, onboarding new users with the typical P2E financial incentive. But the ecosystem built around this game is what makes Galaxy Fox special.
Staking rewards allow all holders to earn. The token burn ensures a constantly decreasing supply. And the Treasury takes a proactive stance toward ecosystem development, which will pay huge dividends in bullish conditions this year. Perfectly located in the memecoin trend and the growing GameFi narrative, this ICO is ready to deliver staggering yearly returns for early participants.
Ordinals ($ORDI) Embracing Bitcoin Evolution
Ordinals is the first BRC-20 token and an obvious $BTC beta play post-ETF. Anything even tangentially related to Bitcoin will soar in the coming months thanks to the new steady inflows of capital. Projects like $STX and $ORDI are some of the best cryptocurrencies to buy for leveraged $BTC exposure.
The ability to inscribe arbitrary data onto Satoshis has allowed for the creation of tokens and NFTs on the Bitcoin blockchain. Ordinals NFT volume on the $BTC network even outpaced NFTs on Ethereum in late December. Ordinals is bringing new functionality to the Bitcoin blockchain and is another of the top 5 cryptos to buy now post-ETF.
Ethereum ($ETH): Next ETF Narrative
Ethereum pumped even harder than $BTC on the day of the ETF approval, and the forward-looking nature of markets saw traders rotate into the following ETF narrative: the $ETH ETF. Ethereum has always followed in Bitcoin’s steps, and the acceptance of $BTC Spot ETF bodes well for the chances of an $ETH ETF.
A slew of technical upgrades are coming later this year, and even congressmen have begun bidding $ETH. Ethereum typically rallies after Bitcoin, and now that the ETF-narrative baton has been passed on, expect $ETH to overperform in the coming months.
Dogecoin ($DOGE): Retail Returning?
Dogecoin is another leader among the top cryptos to buy right now. The Bitcoin ETF will have improved market perception of crypto, and retail will gingerly start reappearing in the order books. As money flows back into the market, expect the leading memecoin to catch a bid almost immediately. Going long $DOGE as retail returns is an easy trade.
Closing Thoughts: Q1 Altcoin Season?
The blunt reality is that $BTC Spot ETFs, despite not fully aligning with the ‘true crypto ethos,’ have unlocked huge amounts of liquidity and helped to legitimize crypto ownership and optics following the dreadful fallout of the SBX debacle.
Liquidity and improved perception will act as massive tailwinds for the entire industry, and presales like Galaxy Fox can make staggering rallies riding on these coattails over the coming months. Its small market cap, ideal narrative positioning, and solid economic model make it a standout star even among the top 5 cryptos to buy now. Join the presale today and ride into the post-ETF era, holding a winner.
Learn more about $GFOX here: