Concerns about TerraClassic ($LUNC) have returned after making a strong rebound in November 2023. $LUNC has gone from being a project competing to lead the future of DeFi to being on the edge of going to zero.
Investors have resorted to Galaxy Fox ($GFOX) and Sei ($SEI) as a result of these growing concerns. This post will explain why GFOX and SEI are not only better alternatives, but also among the best altcoins to buy in 2024.
Is TerraClassic Going To Zero?
In November, TerraClassic ($LUNC) was one of the best altcoins to buy, rallying from $0.0000600 to as high as $0.0002760 on December 5. This price surge happened after the TerraClassic community approved a proposal to revive the project and its sibling, $USTC.
However, little to no impact experienced since then, $LUNC has suffered a major price decline. On the monthly chart, the price of TerraClassic has dropped by more than 50%. The coin trades at $0.0001105 and is on the verge of adding another zero.
Technical indicators also paint a bearish short-term outlook for TerraClassic. The price of the coin has dropped below the 200-day moving average, which could lead to a potential drop to the $0.00008945 price level.
Galaxy Fox ($GFOX) Set for Parabolic Rise in 2024
While $LUNC looks to slide further in 2024, Galaxy Fox ($GFOX) has emerged as one of the potential biggest gainers. There has been growing buzz about this project because of its innovation and drive to transform the meme coin space.
The Galaxy Fox team has incorporated utility into the project both to transform and to gain an advantage over top memecoins. Its one-of-a-kind ecosystem comprises an immersive play-to-earn (P2E) game, some of the coolest NFTs that are directly integrated into the gameplay, an NFT marketplace, and a merchandise store.
Through engagement benefits, the entire ecosystem is structured to stimulate community interaction. Every activity and time spent in Galaxy Fox is rewarded, from the game to the retail store. The project also includes a great tokenomics concept that is backed up by a deflationary mechanism.
Galaxy Fox’s utility and unique infrastructure have the potential to make it one of the best meme coins to buy in 2024. This has made it one of the hottest ICOs, raising over $2.5 million in just a few weeks to grow its ecosystem. Analysts predict a 100x price increase for $GFOX during the 2024 bull market, making it one of the best cryptocurrencies to invest in this year.
Sei ($SEI) Sees Major Milestone.
Another impressive altcoin to watch in 2024 is Sei ($SEI). Growing popular for its ultra-fast blockchain network, Sei has hit some major milestones. In 2023, Sei became the fastest chain with a finality of 390ms while recording 1.1 billion transactions and zero downtime.
The price of Sei has also increased by more than 7,000% since its launch in August 2023, making it a better option than $LUNC. If the network continues its impressive performance from 2023, then the SEI coin could extend its gains in 2024.
Closing Thoughts
The growing concerns surrounding TerraClassic has led to an influx of investors into Galaxy Fox and Sei. With an innovative project that is set to transform an entire industry, $GFOX has been ranked among the best cryptocurrencies to invest in for 2024.
Savvy investors have already taken up the initiative, stacking over 2.2 billion $GFOX tokens. However, it’s not too late to join Galaxy Fox as it only trades at $0.001749, making it the best cheap crypto to buy right now.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
