While Solana (SOL) has always been in the race as one of the leading giants in the crypto arena, several analysts are of the view that some altcoins will soon outpace it. The main competitors include FXGuys ($FXG), Sui (SUI), and Toncoin (TON), all of which have unique features and strong growth potential in the fields of DeFi, scalability, and transaction speed.
But can these tokens live up to expectations? Find the details below!
Sui May Overtake Solana Anytime Soon
Although Solana may be the current number two in the alternative layer-1 network market, analysts at K33 Research think Sui could give it a run for its money. This is evidenced by the fact that Sui rose a whopping 33% within a week from $1.31 on September 18, 2024, to $1.75 on September 24, 2024.
K33’s DeFi analyst, David Zimmerman, said in a September 18 research note that recent outperformance from Sui and an impending game console launch might position the token for the type of market participant most books have pegged to Solana.
Although he admitted that some of Sui’s recent successes have come from market “mispricing,” David said Sui actually has the proper fundamentals to back up such a price rise. According to David’s analysis, investors are hopeful that Sui will maintain an upward trend.
Toncoin’s TON Shows Signs of Price Rally
Another crypto that is in the process of trying to take the position of Solana within the crypto world is Toncoin. Toncoin has gone through a pretty wild year, with its price recently affected by the arrest of Telegram’s founder, Pavel Durov.
Despite these setbacks, many in the industry still view Toncoin as a project with strong potential to outpace Solana, especially for users within the Telegram platform. One piece of evidence of Toncoin’s great potential is its recent bullish market trends.
The price of Toncoin’s native token, TON, has risen by 8.44% from $5.21 on September 10, 2024, to $5.65 a week later on September 24. From the look of things, it won’t be long before TON hits the $6 mark.
FXGuys Merges DeFi and PropFi in Its Next-Level Platform
While Solana is topping the charts, this new concoction of DeFi and PropFi by FXGuys might just make it climb the charts to take over for Solana.
On-chain, FXGuys will provide a decentralized forex trading environment with much lower commissions, faster trades, and full transparency compared to traditional forex markets. Interestingly enough, the platform promises to offer much more for traders.
For example, the Trade2Earn model is a very important feature of FXGuys, where cost-sensitive investors are rewarded with $FXG tokens in every trade that occurs on the platform. Indeed, this incentive improves activity and demand for $FXG tokens, thereby increasing their prices.
Moreover, FXGuys comes complete with a prop firm funding program, meaning traders have access to capital and leverage, sometimes taking positions way over their bankroll. For investors in Solana on modest budgets, FXGuys is an accessibly-priced way into a promising market to keep on the watchlist for 2024.
Why Waste Time? Join the $FXG Presale Today!
$FXG is currently in Stage 1 of its public presale, with each token going for the low price of just $0.03. This is after a Private Sale Round in which 68,000,000 $FXG tokens were all sold to raise over $1,000,000. With the public launch price projected at $0.10, early $FXG investors can make upwards of 233% returns from their initial investment.
Considering the total supply of 835 million $FXG tokens, the system has made sure that the tokens are scrupulously distributed for funding marketing, staking rewards, and providing liquidity.
A lot of experts feel that FXGuys will be able to see much better gains as it builds up its momentum in both the DeFi and PropFi markets.
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