Weekly Crypto Highlights: NEAR Protocol Jumps 80% in a Month, Galaxy Fox Eyes 15% Increase
Market optimism reaches all-time highs, and consensus amongst analysts is that 2024 will be a generational bull market. Risk assets on the long tail of the spectrum, such as cryptos, will be the largest gainers. Wise investors are making a game plan by putting together a list of the top 10 cryptos to buy now.
Two obvious choices would be NEAR Protocol ($NEAR) and Galaxy Fox ($GFOX). In weekly crypto highlights, NEAR Protocol has jumped 80% over the past month, and almost 70% in the past two weeks alone. Meanwhile, Galaxy Fox is due for yet another 15% increase as it advanced to the next stage of its presale. Are these the top cryptos to buy right now?
NEAR Protocol ($NEAR): Data Availability Pivot
Near Protocol’s recent rally has brought this former layer one giant into the spotlight. Solana ($SOL) and Avalanche ($AVAX) have reignited the 2021 alternative layer one trade, but $NEAR has been pumping for an entirely different reason. It has pivoted into the data availability vertical, and with the modularity thesis predicted to dominate in 2024, experienced crypto investors have been bidding aggressively.
A data availability layer is simply a service ensuring that everybody who needs to access information to validate transactions can do so. Data has to be stored, and those who make it available at the lowest cost will be the victors. $NEAR’s data availability layer is significantly cheaper than market leader Celstia’s ($TIA).
NEAR Protocol’s pivot has been an impressive success, and although data availability is perhaps a complex topic, $NEAR is certainly one of the top 5 cryptos to buy now.
Galaxy Fox ($GFOX) Up for Another 15% Surge
Galaxy Fox goes from strength to strength. When Stage 6 closes (already 90% full),
