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The post Cardano Chart Shows Bullish Double-Bottom Pattern,$1 Incoming? Can This Memecoin Hit $6 Million in March? appeared first on Coinpedia Fintech News
Bitcoin ($BTC) took a nosedive, altcoins post double-digit declines, and smart money is aggressively scooping the dip. They know that in a bull market, dips are for buying, and will you join the sellers? Or buy alongside smart money?
Cardano ($ADA) chart shows bullish double-bottom pattern — $1 incoming? Galaxy Fox’s ($GFOX) presale is pumping. Can this memecoin hit $6 million in March? While overall market sentiment is weak in the short term, there are outliers, and $ADA and $GFOX are the best cryptocurrencies to buy during this dip.
Cardano ($ADA) Double Bottom Pattern
Cardano has surprised many investors, given its reputation as a ghost chain with a massively inflated valuation. But this alternative layer has relentlessly built out its DeFi ecosystem in large part thanks to new liquid staking tokens, and $ADA has printed an infamous double bottom pattern.
A double bottom is a reversal pattern when the price drops, rebounds, returns to the first level as the original drop, and then becomes a rocket. This ‘W’ shaped pattern is a classic signal of a reversing trend, and Cardano is poised to tackle $1 in the coming weeks.
Ranked ninth out of the top ten cryptocurrencies and a prominent vector for returning retail capital. The growing number of unique wallets and booming DeFi ecosystem are all positive signals for an ongoing $ADA recovery and rally. Closing in on the $1 mark will be make or break, and if Cardano can edge over this psychologically important barrier, it should have no problem flying to $2 in the following weeks.
Galaxy Fox ($GFOX) Crushes $5 Million Target
Galaxy Fox is crushing it and has soared past $5 million in its presale, shooting into the ranks of best cryptocurrencies to buy now. Nothing is stopping $GFOX from climbing much higher, and as altcoins dip across the board, more and more investors are taking shelter in this presale. Set to launch in several weeks when bullish conditions have reestablished, $GFOX is shaping up to be the top crypto to invest in this quarter.
Combining the best of the play-to-earn and memecoin genres into a single token has powered its early success, with investors bullish on GameFi and memecoin speculation forming natural buyers. Its micro market cap and the ability to buy during the presale (the point of maximum financial opportunity) have also been powerful draws into this ICO. Imagine buying an undervalued memecoin before it goes to market and before the second leg of memecoin mania kicks off. That is the $GFOX opportunity.
Its endless runner pays out prizes to the top-ranked players, and staking rewards provide egalitarian yield across the board for anybody who wants to earn. The aggressive token burn ensures a constantly declining total supply and smart money has put two and two together. Deflationary tokenomics and staking rewards funded by taxation instead of inflationary emissions equals native yield on a deflationary asset. No wonder they are buying up $GFOX and have sent its presale way past $5 million.
Closing Thoughts: Buy the Dip
Buying the dip is the best strategy in the bull market, and that is precisely what smart money is doing. They have been hoovering up $ADA and buying $GFOX en masse, signalling that these are the best cryptocurrencies to buy during the current downturn.
Galaxy Fox shines with exceptional upside. Heading into a bull market where multi-billion dollar valuations become the norm, holding a $6 million market cap with dual narrative support is a rocket fuel proposition. Join this exciting presale today!
Learn more about $GFOX here:
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