As the crypto industry welcomes new players, one emerging project is shaping up to dominate established players like Shiba Inu (SHIB) and Cardano (ADA) in 2024. FXGuys ($FXG), a blockchain-based prop firm, is making rounds with tax-free trading of any asset class or pair, causing investors to dub it one of the best new altcoins this year.
Read on to know why FXGuys could become a leading altcoin in 2024 by leapfrogging Shiba Inu and Cardano!
FXGuys Offers Tax-free Trading of Any Asset On Its Prop Firm
With its tax-free trading prop firm, FXGuys has positioned itself as a game-changer in the DeFi and PropFi sectors. Offering a no-buy or sell tax trading presents a profit-taking structure where taxes do not take all the users’ profits.
Also, FXGuys has become the best prop firm for institutional investors seeking flexibility and frictionless trading, as it does not require KYC to onboard new users. This model allows users to get in and out of a position quickly.
Furthermore, the FXGuys platform allows users to deposit and withdraw cash or crypto on the same day in more than 100 currencies, adding another layer of convenience for institutional players and individual investors. As a result, it is considered one of the best new altcoins of 2024.
Security is another area where the FX Guys prop firm thrives. Having been thoroughly scrutinized by Soken and SolidProof, it could be regarded as the safest trading and asset custodian platform.
In addition, it funds traders to explore the digital asset market. Whether stocks, cryptos, or FX, traders can access up to $200,000 in real capital to explore these markets and demonstrate their trading skills. They will also be entitled to 80% of the profits amassed.
With these unique features, FXGuys may soon become the most popular altcoin in 2024, leapfrogging Shiba Inu and Cardano.
Shiba Inu Transaction Volume Hits 11 Trillion Tokens in 24 Hours
Shiba Inu saw increased on-chain activity during recent sessions, with its trading volume reaching 11 trillion SHIB in 24 hours. This activity surge comes as whale movement becomes more evident in the Shiba Inu ecosystem, a sign that an asset’s price may be on the cusp of a rally.
The chart shows that SHIB trades near $0.000030, a critical resistance zone. As Price attempts to go above this region, $0.000026 will provide strong support for SHIB in case of an unexpected pullback.
On December 2, 2024, whale activities within the SHIB ecosystem reached a notable height of 21 trillion SHIB. With SHIB’s price gearing up for a significant movement, the asset is expected to experience an upward breakout.
However, for SHIB to attain higher levels like $0.000033, it must first scale $0.000030. For now, SHIB trades at $0.000030, down 1.38% during the day.
Cardano Processes Over 100 Million Transactions in November, as ADA Rises
Cardano has achieved a remarkable feat. Recent reports show that the network processed over 100 million transactions in November 2024. This milestone signifies that Cardano is ever-expanding and increasingly adopted.
The blockchain had a pleasant run in November. In addition to processing 100 million transactions, ADA rose 216% in value, the highest it has recorded all year.
The Input-Output Global (IOG), a Cardano-based developer, reported these strides in an X post on December 5, providing a detailed overview of this feat. Per the IOG’s report, Cardano hosts 1,973 projects, with 603 new additions.
Cardano also issued 80,000 new native tokens, 10,132 new policies, 9,102 plutus scripts, and a 2.65 million increase in transaction volume over the month to 100.57 million. ADA currently sits at $1.22, with a 1% intraday loss.
$FXG Emerges as One of the Best New Altcoins to Invest in
After viewing its profit projection, experts believe $FXG could be one of the best new altcoins to invest in this year. Experts say the coin projects a potential 50x gain by 2025.
Presently, $FXG can be acquired for $0.040 per token in Stage 2 of its ongoing public presale. When the token is listed at $0.10, Stage 2 investors will easily earn a 150% ROI.
$FXG exhibits the best potential among the emerging ICO coins today. As a result, it is considered one of the best new altcoins to buy in 2024.
To find out more about FXGuys follow the links below:
Presale | Website | Whitepaper | Socials | Audit
