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Cryptocurrency News Articles

Meme Coins Recover Post-Election as New DeFi Token FXGuys Unleashes Trading Freedom

Nov 29, 2024 at 05:30 pm

Meme coins are the regular go-to tokens for massive gains, and the last two weeks have been proof. Dogecoin (DOGE) has risen to $0.411 from about

Meme Coins Recover Post-Election as New DeFi Token FXGuys Unleashes Trading Freedom

Meme coins have been largely responsible for the recent crypto price spikes. While BTC and ETH price surges were bound to get everyone’s attention, meme coins like Dogecoin and Shiba Inu have been quietly making investors some good money.

Billionaire CEO Elon Musk has been a massive influence on the token’s promotion, making Dogecoin a good crypto to buy earlier this month. His involvement in campaigning for Donald Trump saw many users take an interest in Dogecoin investments.

It has also turned out rather nicely for them, as the Dogecoin price spiked by over 200% in the past month. Impressive returns saw the DOGE token reach a monthly high of about $0.047 before correcting briefly to the current $0.041.

The predictions held true for Dogecoin, and the investors are overjoyed. However, DOGE seems to be bleeding on the intraday charts, losing almost 5% since its last surge. The bullish cycle has lasted over three weeks, and the big question is whether DOGE is past its peak and if it’s still a good crypto to buy.

The first impression of a new DeFi token is staking and the possibility of a new basic exchange. Offering utilities is what DeFi tokens do best, but the FXGuys platform is taking that notion a step further, validating expert opinions about its $FXG being a good crypto to buy.

FXGuys was developed to cater to the welfare of most traders, especially in terms of offering adequate capital for their trading. The new crypto project believes that talent among traders should not be restricted by lack of capital and that’s why the trader funding program was formed.

As much as the program favors traders by offering them varying amounts of capital relative to their abilities, investors are set to earn massively, too. It’s a chance for passive income, as both trader and investor get to share the profits according to pre-agreed terms.

The best part is that there are more opportunities to make more money off of simply holding onto your $FXG coins as an investor. For example, there is a Trade2Earn program, where traders like you get $FXG tokens for each trade.

Again, staking is a staple on DeFi projects, and FXGuys offers one of the highest returns in the market, up to 20% APY. Users only need to link up with validator nodes when they go live and set their $FXG stashes to work.

The FX Guys presale is on, and that’s every user’s chance to get their $FXG coins before they spike considerably. The tokens are worth $0.30 each, and you don’t want to miss out on the potential presale ROI.

Meme coins typically tag along whenever there’s a big enough surge in the crypto market, and it was no surprise that SHIB took its chance when both BTC and DOGE prices spiked post-election.

Shiba Inu’s SHIB token is on 41.39% monthly gains, although the onus might be on sustaining the progression. Like Dogecoin, Shiba Inu’s SHIB is in correction, dipping from its weekly high at about $0.00002776 to the current $0.000025.

However, there have been noticeable replications of Dogecoin’s trajectory on the Shiba Inu price trends. Expert Ali Martinez recently pointed out in a viral tweet that if Shiba Inu continues its DOGE-like movement, SHIB could be headed for $0.00049.

However, to meet this expectation, Shiba Inu will have to make more convincing surges than its 1.76% gains last week.

News source:finbold.com

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Other articles published on Nov 29, 2024