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A crypto expert has published a list of altcoins he believes are better investment vehicles than Ripple (XRP) and Dogecoin (DOGE). Among them, he highlights FXGuys ($FXG) as the best altcoin to buy largely because of its PropFi features, which are being integrated into DeFi.
Let’s find out more about why the expert chose $FXG, a new DeFi coin, as the best investment among the top altcoins listed!
Ripple’s XRP Stalls Despite Market-Wide Rebound
Despite the ongoing rally in the crypto market, XRP has failed to advance with its contemporaries, sparking concerns over the asset. In the last few days, the Ripple coin has emerged as the least-performing asset among the 10 most prominent digital assets by market capitalization.
This performance has drawn the attention of a market commentator, Murad, who stated that SPX600 is a better altcoin than XRP. He made this claim in an X post on October 28, 2024, while giving a breakdown of the top altcoins to buy before the next phase of the bull cycle begins.
XRP’s poor performance coincides with its peers capturing significant shares of the general market capital inflow. Market participants are now mindful of the $0.50 price level as fears erupt about a possible breach lower. If this happens, Ripple’s XRP could crash to lows last visited months ago.
As a result, market players are seeking out alternative investments, with $FXG making its way into their radar. For now, Ripple’s XRP is exchanging hands at $0.52, with a 0.53% intraday loss.
Dogecoin Faces Correction as Investors May Take Profit
Murad also shared his two cents about the premier meme coin, Dogecoin, in the October 28, 2024, post. According to him, “GIGA is a better meme than DOGE.”
This analysis comes as technical indicators point to an impending pullback for DOGE. Having experienced a notable rally over the last few days, DOGE is now set for a brief correction before resuming its uptrend.
IntoTheBlock data shows that 92% of Dogecoin investors are profitable, suggesting that profit-taking might begin quickly. DOGE’s Market Value to Realized Value (MVRV) is also at 77%, the highest it has attained in the last five months.
A high MVRV implies that investors have realized a substantial portion of their initial capital and may resolve to profit-taking. Meanwhile, DOGE is down 3.48% in the last 24 hours to $0.16.
Expert Says FXGuys is the Best Altcoin to Buy: Here’s Why!
FXGuys is making rounds in the DeFi sector as a proprietary trading firm that seeks to provide access to a plethora of digital assets and capital to trade them.
It is an innovative design, a premier decentralized brokerage platform customized with analytic and social tools alongside several focused programs to help traders achieve their goals.
The project’s vision is to eradicate the barrier that is holding back talented traders from reaching their full potential through its Trader Funding Program. This program aims to position traders for opportunities by offering them up to $500,000 in trading funds to execute their strategies for profit.
The fund will allow them to trade fearlessly in any market—stocks, FX, cryptos, or indices. With 80% of the profits amassed entering the traders’ pockets, they can soon set up shop without facing financial hurdles.
FX Guys’ unique Trade2Earn model will enable users to earn $FXG tokens on every trade without focusing on the result. This feature distinguishes the FXGuys platform from the competition, as traders are rewarded for participating in the market.
These tokens can be spent on garnering exclusive trading perks such as lower profit targets and higher drawdown limits or staked. After staking $FXG, up to 20% of the platform’s revenue will be credited into each stakers’ account based on their stakes.
Moreover, more opportunities lie in $FXG’s presale, making it the best altcoin to buy.
DeFi Coin Mania: Why is $FXG One of the Top Altcoins to Invest in?
The FX Guys DeFi coin is considered one of the top altcoins to invest in because of its value prospect amid its ongoing presale. The public presale features $FXG in Stage 1, with a price of $0.03.
Projections show that the DeFi coin is expected to list at $0.10 in the next few weeks, indicating a 233% return to early investors. However, those who hold on to their tokens after the exchange listing can tenfold their gains.
As experts sideline XRP and DOGE from the top altcoins to invest in, $FXG comes as a better alternative for investors seeking new opportunities. However, the best time to take advantage of this one is now.
To find out more about FXGuys follow the links below:
Website | Whitepaper | Socials | Audit
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The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.