Elon Musk recently tweeted his support for newly elected president of Argentina, Javier Milei, proclaiming that “Prosperity is ahead for Argentina”. A radical libertarian, Milei has plans to slash state spending, replace the peso with the dollar, and shut down the Central Bank. This could be the shakeup Argentina drastically needs to pull itself out of its current situation.
As investors watch political events in Argentina, the real question is: what are the best cryptocurrencies to buy now given the changing global attitude toward crypto? Could memecoins like Galaxy Fox ($GFOX) replace the sinking peso?
Galaxy Fox has been mentioned as one of the top 5 cryptos to buy now. Its deflationary nature makes it a perfect alternative to the sinking peso. Through its Web3 runner game, the project has two core value accrual mechanisms: Stargate and its protocol burns. Stargate accrues 2% of all buy and sell taxes and rewards $GFOX stakers, while protocol burns decrease the supply of $GFOX tokens.
Participants can lock in up to 450% gains at launch, and investors wanting to earn yield on a deflationary asset will find that $GFOX is a great option.
Galaxy Fox has delivered a masterclass in deflation. Instead of large token unlocks and other hidden inflationary pressures, it has introduced a model that decreases the token supply over time. Delivering a P2E token with solid tokenomics and memecoin virality in bullish market conditions could see it hit 100X.
Learn why experts call $GFOX one of the best cryptocurrencies to buy heading into 2024 by visiting Galaxy Fox Presale or joining the Community.
