The crypto market has entered the red territory again after rallying. As a result, top altcoins like SUI and Litecoin (LTC) have recorded noteworthy weekly losses. This weak performance has forced investors to migrate to an upcoming token linked to a Web3 FX trading platform. Notably, this DeFi coin has surged 100% thus far into its presale.
Read on to find out whether this presale token is a better investment option than SUI and Litecoin!
SUI Dumps 5% in a Week: Will the Rout Continue?
SUI has showcased weak performance over the past seven days. On October 16, 2024, SUI was changing hands at around $2.10. Notably, SUI attained this price due to the October 15 news of Bitgo adding support for two SUI-based assets. These are SUI Naming Service ($SN) and DeepBook (DEEP).
The resulting uptrend saw SUI gain momentum and set a weekly peak of $2.17 on October 21. However, the excitement faded, and SUI started retracing its growth. By October 23, SUI had stabilized at around $1.98. This price action means SUI has shed 6% in a week.
So, is SUI one of the top altcoins to buy now? Experts expect SUI to continue bleeding as the excitement about the recent news dwindles. This forecast explains why SUI is losing investors to this new DeFi coin associated with a web3 FX trading platform.
Litecoin Plunges 1% in a Week: More Losses Coming?
Litecoin has also underperformed over the past week, starting October 16, 2024. On October 16, LTC was hovering around $70.07. Litecoin gained momentum alongside Bitcoin (BTC) after its price soared past $68,000 on October 16.
Moreover, the Litecoin team took to X on October 18 to announce that Venmo had teamed up with MoonPay, allowing 60 million users in the US to buy LTC.
Also, Canary Capital filed the first Litecoin ETF with the SEC on October 18. This bullish news saw Litecoin jump as high as $75.84 on October 19. However, the buzz about this news died down and LTC started backtracking. By October 23, LTC had stabilized at around $68.82. This price movement means Litecoin has plunged 1% in a week.
Furthermore, analysts believe LTC will continue trading in the red territory after the buzz about the recent developments hits a brick wall. This explains why Litecoin investors do not consider it one of the top altcoins to buy now and are embracing this upcoming DeFi token from a web3 FX trading platform.
FXGuys’s Web3 FX Trading Platform Takes DeFi By Storm
As SUI and Litecoin continue bleeding, investors are searching for top altcoins to hedge against further losses. To this end, experts are shifting to DeFi platforms that boast robust features and vast asset offerings. This explains why the FX Guys platform is quickly gaining ground.
Notably, FXGuys supports multiple asset classes, including crypto, indices, FX, and commodities. This wide-ranging offering helps investors customize their portfolios for maximum profitability and stability.
The FXGuys platform has made headlines in the DeFi space because of its Trade2Earn program. Traders often struggle to increase net returns despite trading profitably. To address this challenge, FXGuys rewards traders for all trades they complete, profitable or not. It is worth mentioning that this web3 FX trading platform rewards traders in its native token, $FXG.
Traders can use the $FXG tokens they earn to redeem trading tools and benefits to boost their skills. Also, traders can use the $FXG to fund their peers and earn interest. Another great option for using $FXG is staking the tokens within the FX Guys platform to get up to 20% of the profit share from the annual revenue FXGuys generates from its trading volume.
Apart from the Trade2Earn program, FX Guys boasts a prop firm funding program, which offers traders between $200,000 and $500,000 in real capital. This capital enables talented traders who pass the challenge phase to easily improve their trading strategies by betting on high-potential opportunities even when their funds are running low.
Also, FXGuys supports same-day fiat and crypto deposits and withdrawals, simplifying spending. Amazingly, this web3 FX trading platform does not charge buy or sell tax. As such, traders can easily spend their crypto holdings.
$FXG Emerges as the Next Big DeFi Coin, Set to Topple Top Altcoins
With SUI and Litecoin showcasing subpar performances, investors are rushing to buy $FXG to maximize profits during its promising presale. $FXG has emerged as the go-to DeFi coin for many investors because its smart contract has been audited by two leading blockchain security firms. These are SolidProof and Soken.
As of October 2024, $FXG is going for $0.030 during Stage 1 of its public presale. This price point marks a 100% surge from the Private Sale Round price of $0.015. Amazingly, $FXG’s launch price is $0.100. When the DeFi coin attains this price, Private Sale Round investors will enjoy a 566% ROI. On the other hand, Stage 1 investors will realize a 233% profit.
These colossal returns explain why $FXG is the best DeFi coin to buy now and why it is poised to outshine top altcoins like SUI and Litecoin by the end of its presale.
To find out more about FXGuys follow the links below:
Website | Whitepaper | Socials | Audit
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