As the altcoin season draws closer, FX Guys ($FXG) forges ahead of Shiba Inu (SHIB) and TRON (TRX), emerging as a strong contender and one of the best altcoins to buy. Its integration of a new business model into DeFi presents it as an innovative project developed to improve the quality of services accessible in the decentralized finance sector.
This article will torchlight the new business model FX Guys is presenting and how it’s improving the DeFi space!
FX Guys Premiers Proprietary Trading in DeFi
Proprietary trading is a business concept that has existed for nearly a decade, but like most business models, it has suffered from setbacks stemming from broker or prop firm issues, KYC hold-ups, high taxes, etc.
Traders have had frustrating experiences because of these issues, missing out on opportunities and being deterred from maximizing their full potential.
However, FX Guys, by enlisting the use of Distributed Ledger Technology and combining traditional finance systems, is creating a new business model dubbed proprietary finance to address these difficulties as well as the inefficiencies and unsustainability of the industry.
FX Guys is a proprietary trading firm that facilitates the trading of several digital assets across different sections of the financial market. From stocks to indices and FX and cryptos, the prop firm provides a customized outlet to trade each asset without the shortcomings previously listed.
The FX Guys platform also provides traders with real capital to trade via its Trader Funding Program. By applying for this scheme, traders can gain access to accounts worth $500,000 after completing designated challenges to demonstrate their trading abilities. This will allow them to trade in a market dominated by large pocket players.
Traders will be incentivized for every trade, and $FXG tokens will be deposited into their wallets. These tokens will allow them to enjoy many trading benefits on the FX Guys platform, such as lessened profit targets and heightened drawdown limits.
As the FX Guys’ native token, $FXG is a form of membership card that permits holders to participate in activities within the FX Guys ecosystem, including voting.
Holders may stake their $FXG and earn passive income over time, including 20% of the profits the platform realizes. This strategy can be effective in gradually building wealth.
Exec Announces Incoming Shiba Inu Upgrade
Shibarium’s Marketing Strategist, Lucie, has announced that a pivotal upgrade is coming to the Shiba Inu ecosystem. She noted that this advancement is geared towards introducing new opportunities to users through events and reward schemes.
The upgrade will also improve Shibarium’s utility and make room for future growth. This will be the second upgrade Shibarium has seen in 2024.
Earlier this year, the layer-2 network was updated with a new UI that is compatible with self-custody wallets and a hard fork to empower developers and innovators on the network. Lastly, Shibarium incorporated a “burn portal” where Shiba Inu coins will be burned regularly to reduce their circulating supply and increase their value.
Shibarium network developments usually influence SHIB’s price, which is why market players expect a rally soon. At present, SHIB is up 2.79% to $0.00001908 in the last 24 hours.
Whale Transactions on TRON Reaches a Two-Month High: Is TRX Among the Best Altcoins to Buy?
Amid the recent struggles of most digital currencies, TRON’s TRX managed to register a 4% gain, reflecting interest amongst market participants. Experts have now commented on TRX’s bullish outlook, speculating on its potential to deliver notable returns.
On October 27, 2024, Darkfrost, a crypto commentator, noted in an X post that the data on TRON is bullish. Specifically, USDT transactions on the TRON network have been on a steady rise, indicating that market players are confident in its potential.
IntoTheBlock data shows that whale transactions involving TRX rose to 542 as of October 25, a level last attained in August. With whales interacting with TRON, TRX could witness a nudge upward.
TRX looks set to solidify its place among the top altcoins in the cryptocurrency list. It is valued at $0.16 and has gained 1.23% intraday.
Top Altcoins to Buy: $FXG, SHIB, And TRX!
Given the recent outlook of $FXG, SHIB, and TRX, these coins are regarded as the top altcoins to buy. However, more focus is on $FXG because of its robust features and value prospects.
Having secured a 100% increase from its private sale price, $FXG now trades at $0.03 in Stage 1 of its public presale. Projections show that by the end of the presale, Stage 1 participants would be up 233% in gains after the price hits $0.10.
Subsequent to its exchange listing, the coin will soar parabolically, leaving delivering significant returns to investors. With $FXG leading the pack of SHIB and TRX in terms of profit projection, the DeFi coin is attracting more users.
To find out more about FX Guys follow the links below:
Website | Whitepaper | Socials | Audit
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