Mt. Gox Could Dump 138K $BTC on the Market, Further Crashing Price; $GFOX Presale Offers Safe Harbor

Sustained outflows from Grayscale’s Bitcoin Trust have put markets on edge. The United States Government announced it would sell $118 million of Bitcoin ($BTC) from Silk Road, and now, with email confirmations arriving with affected parties, Mt. Gox could dump 138K $BTC on the market. Crashing price.

Uncertainty abounds, but luckily, presales like Galaxy Fox ($GFOX) are persisting unaffected by all this noise. What crypto to buy right now to dodge all this fear and doubt? $GFOX presale offers a safe harbor for anybody waiting out the storm. And with its TGE occurring later this year when market conditions will have improved, it could be the perfect opportunity to buy an undervalued project early.

Mt. Gox Confirming Recipient Addresses: Could 138,000 $BTC Flood Markets? 

Mt. Gox repayments have been a bogeyman hanging over crypto for years and a strange phantom-like FUD. Everybody knew that one day, these repayments would arrive and go to market, but everybody always presumed it would be at an undisclosed date in the future. However, with Mt. Gox confirming creditors’ Bitcoin addresses for repayment it appears the day has finally arrived.

Users have confirmed receiving emails, and now Mt. Gox will repay roughly 140,000 Bitcoin to anybody affected during the 2014 security breach. Make no mistake. These people have been forced to hold for close to a decade and will be in massive profit. Expect a wave of heavy sell pressure. Grayscale’s sell pressure was bad enough, but Mt. Gox creditors could send $BTC back below $40,000 in a heartbeat, perhaps even further.

Galaxy Fox ($GFOX): Calm In the Storm

Galaxy Fox is a presale providing a respite for investors. Funding has shot up dramatically in the last week, coinciding with the Mt. Gox news highlighting that smart investors are taking advantage of the ICO opportunity. What crypto to buy right now to dodge all this incoming selling pressure? $GFOX is a prime candidate.

Built around a Web3 runner game, Galaxy Fox takes two genres and combines them into an earning and entertainment bonanza. People worldwide compete to end the season in the top 20%, and those who manage to become high scorers earn prizes. But there is another layer built on top of this. NFT holders unlock unique in-game stats boosts and give anyone a chance at winning the prize pool. This P2E component puts Galaxy Fox in the GameFi narrative.

The other component of Galaxy Fox is all memecoin. Deflationary tokenomics, viral branding, and a taxation system that even supports marketing efforts, allowing for a continuous flow of new users into the protocol. It has the tiny market cap and the insane upside potential that memecoin investors know and love.

Another excellent feature is the staking rewards program. Unique to Galaxy Fox is the implementation of taxes to pay stakers, meaning that all these payouts are fully deflationary. No inflationary pressures, and 70% of tokens sold via the presale in a Fair Launch. It is easy to see why $GFOX is described as one of the top cryptos to buy right now. 

Closing Thoughts: Why Presales Offer A Safe Harbor

Huge sell pressure from Mt. Gox creditors could send $BTC spiraling. 140,000 $BTC is not chump change, and all these would-be sellers will be looking at huge gains. A sell-off makes sense. That is why investors should ask what crypto to buy right now to avoid this brewing storm. The answer is Galaxy Fox.

Participating in the Galaxy Fox presale today lets investors lock in the current value of their assets and wait idly until the TGE when conditions have improved. Small caps launching in positive sentiment is rocket fuel, and as well as offering a safe harbor, early participants might even see a 100X within weeks of launch. $GFOX is the best cryptocurrency to buy now; join the journey today. 

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