Is Floki fighting a losing battle? In 2024, investors will switch to tokens with real-life utility
FLOKI's price is under pressure and has seen a sharp decline in the past seven days as optimism in the crypto market has given way to caution. Based on new technical developments and current data that support the optimistic outlook, experts predict that memecoin may continue to decline. But is fighting Floki a losing battle? Or could prices bounce back and remain highly aggressive, as analyst Master Kenobi pointed out?
Meanwhile, investors who want to see big gains in 2024 and beyond have turned their attention to other tokens with real utility, such as FXGuys ($FXG) and Aptos (APT). Due to the Trade2Earn model, discussions about the project are increasing and FxGuys has been closely monitored. On the other hand, Aptos continues to witness price increases and is set to hit double digits soon.
This article explains why investors are turning to FXGuys and Aptos when volatility is declining.
FLOKI: Master Kenobi predicted a high-priced pump in October.
Floki has been in a downtrend all week, and the consolidation phase follows this pattern. According to analysts, the price fluctuates with a narrow range during this period. Based on further analysis, Coinglass reports high FLOKI flows, especially on Binance.
This negative net flow trend has occurred over the past week. The result of such a negative net flow is that it leads to a supply squeeze, which can increase demand and raise the price of the coin. Also, crypto analyst Master Kenobi has identified a unique recurring chart pattern while explaining Floki's past price movements. If this pattern continues, FLOKI predicts that it will see a big price pump in October.
Aptos (APT): witnessing an increase in institutional demand
Aptos has been one of the most sought-after altcoins for the past few weeks. Aptos Labs has seen an 8.5% weekly price increase since its recent acquisition of HashPalette. This move is considered to strengthen HashPalette's dominance in Asian markets as it is a popular blockchain in Japan.
There is also growing institutional interest in the Aptos blockchain. We saw this when Franklin Templeton launched an onchain US government fund on the Aptos blockchain. Sentiment data expects APT prices to eventually reach double digits.
FXGuys ($FXG): Gaining Momentum with the Trader Funding Program
FXGuys is more than just a speculative altcoin. It is one of the top new DeFi projects that will transform one of the biggest financial markets in the world: forex trading. Large financial institutions have long dominated the FX market, trading trillions of dollars daily with these giants. Such a structure makes it a challenge for retailers to enter the market because of high fees, lack of access and limited transparency.
The project offers a comprehensive and user-friendly ecosystem that differentiates it from other new DeFi projects. While many DeFi platforms focus solely on crypto trading, FXGuys takes it even further by integrating DeFi with TradFi (traditional finance), allowing users to trade markets such as forex, commodities, stocks and cryptos.
At the heart of FXGuys operation is the Trade2Earn model, an exciting new way to reward all trades (profitable or not) with $FXG tokens. This model keeps users engaged at any time throughout the day. In fact, the demand for $FXG tokens increases and is the main reason for the success of the platform. By providing incentives to trade on the platform, FXGuys ensures a stable workflow, keeping it alive and active as the best crypto investment platform.
Another unique feature of FXGuys is the Trader Funding Program. This program allows a trader to earn up to $500,000 in capital by proving their competitive trading skills. The ability to trade with real funds without risking capital is a new phenomenon that has attracted both experienced traders and beginners looking for top crypto to buy on the market.
Summary
Analysts predict that the $FXG token will increase significantly, with many suggesting a 100x increase. Currently, FXGuys is priced at $0.03 for the Level One presale token. Also, because it combines DeFi and TradFi features, the pre-sale phase is well received by investors looking to buy $FXG.
Follow the links below to learn more about FXGuys:
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