DePIN is taking off in a big way, and GameFi looks like the next breakthrough narrative. The rush has started to find the best cryptocurrencies to buy in these verticals, and everyone knows that in the bull market, narratives are king. Filecoin ($FIL) and Render ($RNDR) pump as DePIN gets hot, and as GameFi gains traction, small caps like Galaxy Fox ($GFOX) are starting to explode.
DePIN Narrative: Filecoin ($FIL) and Render ($RNDR) Pump
DePIN (Decentralized Physical Infrastructure Networks), in a nutshell, leverages blockchain and token incentives to create better infrastructure networks and directly compete with TradFi counterparts. Filecoin is a classic example. Filecoin has created a decentralized and permissionless market for data storage. Instead of relying on a single centralized server, users can store their data across an entire network, and anybody with spare storage space can join the market and earn $FIL. Demand for cloud storage is up only, explaining $FIL’s classification as a top crypto to buy this cycle.
Render similarly creates an open and decentralized marketplace but for GPU computer power. The exact type of computing power that AI devours. Users with additional GPU provide their computing to people who need GPU and the medium of exchange is the $RNDR token. The rise of AI and the growing demand for computing has earned Render the title of one of the best cryptocurrencies to buy this year.
The DePIN narrative fundamentally challenges much of today’s background infrastructure that most users do not even consider. Crypto is going mainstream in a big way, and DePIN is at the forefront of this movement.
GameFi Gaining Traction: Galaxy Fox ($GFOX) Leading Rally
GameFi has rapidly been gaining traction, and there is a growing consensus that this cycle, blockchain-based games will act as a trojan horse for crypto and help onboard the subsequent billion users. The most popular type of game in the world? Mobile apps. Increasingly, investors are focusing on mobile apps like games, and Galaxy Fox has been soaring in recent weeks.
It delivers an endless runner game. It has simple and addictive mechanics and the classic Web3 twist. Players can earn real cash each season, and the protocol pays out a prize pool to the top 20% of the leaderboard. Players can increase their chances of victory by owning one of the protocol’s NFTs or purchasing upgrades directly with $GFOX tokens. Galaxy Fox wraps this P2E component in a memecoin exterior, giving it that wild upside investors love. Between its token burn and staking rewards program, it is rapidly becoming an essential crypto for beginners entering the GameFi space.
Galaxy Fox is out in the lead as the dominant narrative shifts to app-like games, and its presale has already raised a staggering $3.5 million. Investors want exposure. Now 92% sold out the window to join this GameFi gem early is rapidly ending.
Closing Thoughts: DePIN & GameFi Dominating 2024
DePIN and GameFi projects are the best cryptocurrencies to buy this cycle, and both narratives can potentially onboard millions, if not billions, more users. $FIL and $RNDR are great DePIN choices, and $GFOX is the winning GameFi pick.
Join the presale today and catch a future gem early. Galaxy Fox is still dreadfully mispriced by markets and its success in funding points to a massive price discovery round at launch!
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
Read the full article here
