Even if you are a crypto ardent, there is a possibility this is the first time you are learning about RedFOX Labs (RFOX). With thousands of cryptos available it is not easy to master all of them. Already knowing all of the top 100 takes time, it can only get worse when the coin ranks lower. Most people are only fixated on the top 20 or 30 coins.
That is not to say there are no lowly ranked coins with massive potentials. Various coins have grown from jokes to become formidable tokens with massive market cap. Dogecoin is such a crypto project. The RedFOX Labs price prediction shows it’s the next coin with similar potential.
What is RedFOX Labs?
RedFOX lab is a growing tech crypto project that researches and invests in profitable business models for the Asian markets. The company operates in Vietnam with a focus on the Southeast Asian markets.
After staying under the radar for an extended period, RedFOX labs grew in prominence during the NFT boom. Due to its role in identifying viable business models, it became active as part of assessing the new projects.
However, the coin still remains less popular in the general crypto market. It is listed on a few decentralised crypto exchanges and is not as common as the other renowned cryptos.
The low values can also be attributed to the large market circulation supply. It had a market cap of 2 billion coins. Like other markets, the crypto market is subject to demand and supply. With the high supply and low market, the coin remains undervalued.
The token is currently valued at $0.0847720 with a market supply of 1,351,125,342 RFOX. It has a market cap of $114,728,060 at the time of writing.
Is RedFOX a worthy investment?
Even though not yet fully known, RedFOX remains a viable investment. If you are looking for a low-cost crypto project then it is an option to consider.
Some of the reasons to invest in RFOX include;
- Valued at only $0.084, the coin remains quite affordable. It allows you to open a large margin of trading which you will benefit from as the market improves.
- The project has already attracted some of the biggest crypto investors like Galaxy Digital. Even though this does not necessarily mean value, they take time to scrutinize a project before investing. Hence, a good sign RFOX.
- The token is solid and legitimate. It is working on viable projects and will likely grow as several industries look the blockchain way.
- The RedFOX crypto is also getting massive traction without listing on the major crypto exchanges. Therefore it means once it becomes available for mass trading, it will increase in value considerably.
What is the RFOX priced prediction 2021?
The RFOX price prediction for 2021 remains bullish. Even though the China crypto crackdown has affected the Asian crypto market, the other countries remain crypto positive. The token is likely to hit $0.1 before the end of the year. It will then keep the upward trajectory as the NFTs and decentralised finances (Defi) become mainstream.