While Sui (SUI) and Solana (SOL) have set impeccable records in their primes, FXGuys ($FXG) is poised to rival these top DeFi coins to become the most profitable investment of 2024. The Prop firm, designed to give traders a chance to demonstrate their trading ability without risking their own fund, is diverting attention to $FXG’s prospect as potentially the best crypto to invest in this year.
Here, we will discuss $FXG’s prospect of delivering more gains than SUI and SOL before 2024 comes to an end!
Sui Launches Walrus Testnet: What is the Possible Price Impact on SUI?
On October 18, 2024, Mysten Labs, a Web3 information technology firm, launched the Walrus Protocol Testnet on the Sui Network, marking a pivotal step in its data storage remodeling. Launching the decentralized storage network was a landmark feat for Mysten Labs.
This testnet’s release will allow Sui users to upload and delete data at will. Also, they can search and access stored data by hosting the Walrus Explorer.
With this tool, data search becomes quicker and more comprehensive. Stakestab Inc., the creator of the Suiscan and Blockberry API platform, developed the Walrus Explorer.
After the news of Walrus’ launch broke, SUI gained strength. The coin secured a 2.38% intraday gain, with the price now at $2.12.
Solana Breaks $160 After a 10% Rally as Interest in Memecoins Surges
Solana added notable gains to its market value last week, rising 10% and breaking through the $160 price level after several unsuccessful attempts that lasted for several months. This development comes on the back of the meme coin resurgence within the Solana network, which could eventually push its price higher.
Taking to X on October 19, 2024, ex-Messari analyst and co-founder of Syncracy Capital Ryan Watkins commented on SOL’s recent performance and how the DeFi coin’s growth is being influenced by the re-emergence of meme coin on the Solana blockchain.
Watkins noted the significance of meme coins in driving SOL’s adoption in a statement that says, “All I know is all roads lead back to SOL.”
Amid the meme coin revival, Solana-based decentralized exchange Raydium reached a new market high after a 72% growth in the midst of the increased activity. This uptick outlines the central role the platform plays in speculative trading within the network.
SOL trades at $168, with a 5.65% intraday gain. With sufficient bullish momentum, SOL could penetrate the $180 threshold in the near term.
FXGuys: The Decentralized PropFi Platform Empowering Traders With Funding Benefits
FX Guys is a new player in the decentralized finance sector, which was developed to endow traders with the capital resources they need to trade in the financial market. As a proprietary finance brokerage firm, The FXGuys is making funding accessible to traders with favorable terms.
By applying for its Trader Funding Program, which includes undertaking challenges and meeting specific objectives, traders can get access to funded accounts loaded with $200,000 to $500,000.
The funded accounts will be released after the trader has completed the challenges and ticked the boxes deemed necessary by the platform.
Profits from trades will be distributed on an 80/20 basis, whereby the trader gets to go home with the larger share. However, the trader’s percentage can be renegotiated, provided they have a satisfactory track record.
Users can enjoy low trading fees on FX guys, along with other benefits like drawdown limits and lower profit targets, by holding $FXG.
Holding the DeFi token, which can be acquired from the FXGuys’ Trade2Earn program or purchased from the ongoing presale, automatically qualifies holders for all the incentives the platform offers, especially staking rewards.
The Trade2Earn program is a new system in which traders receive $FXG for every trade taken, irrespective of the result. By staking $FXG, users will receive up to 20% of the platform’s trading volume annually.
This system serves as an opportunity for users to earn passively, which will contribute immensely to their wealth-building journey.
The $FXG DeFi Token to Rival Top Altcoins For Massive Gains in 2024
$FXG aims to take on top altcoins like SUI and SOL to become the most lucrative DeFi token in 2024. With gains expected to surpass 5,000% before the year ends, $FXG ranks among the top DeFi coins that must be in every investor’s portfolio.
The DeFi token is in Stage 1 of its public presale, trading at $0.03. By the end of this presale, when the price hits $0.10, early investors would have made 233% of their initial capital. These gains can go even higher after $FXG’s exchange debut.
Experts are projecting an aggressive acquisition of $FXG, given that it is the key to reaching the benefits FXGuys offers. Hence, it is deemed the best crypto to invest in for substantial gains before this year ends.
To find out more about FXGuys follow the links below:
Website | Whitepaper | Socials | Audit
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