Recent news in the cryptocurrency market is that major digital assets have dipped in price, and the market has tanked. Selling pressure has been noticed in Dogecoin (DOGE). Now, its large holders, or whales, are turning their focus to other cryptocurrencies that carry more attractive returns on investment.
Among all the crypto projects across the market, FXGuys ($FXG) has been the place for these Dogecoin whales. It is one of the compelling features of FX Guys that is pushing it into the spotlight; the Trade2Earn program. Other than the programme, FXGuys has also been a hot project in the market and that makes it the best cryptocurrency to invest in today.
This article will explore the four reasons why FX Guys is attracting Dogecoin Whales in 2024.
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Dogecoin (DOGE): Witnessing High Transaction Activity
Data from IntoTheBlock also shows that Dogecoin had more network activity, with 60.9 billion tokens traded in one day and a jump in large transactions of 41.2%. But this activity did nothing to help the price, which has fallen lately. Trading volumes for the DOGE increased 23.7%, but the selling pressure has masked all signs of recovery.
The recent spike in these transactions shows that big holders are interested, but it has failed to change the price of Dogecoin. Currently, market sentiments show selling pressure as the DOGE price keeps decreasing. Market experts’ forecasts of Dogecoin are also good; according to crypto analyst Ali Martinez, he set a target of $0.82, which it could reach.
FXGuys ($FXG): A Blockchain Trading Platform Thriving With Its Staking Mechanism
FX Guys is the best cryptocurrency to invest today, especially since Dogecoin whales have started joining. Its staking platform is one of the reasons FXGuy is attracting these whales. Staking is one of the most promising ways to earn with the staking mechanism, as you will stake your tokens and earn almost 20% of the total annual revenue the platform makes.
Secondly, these whales like this blockchain trading platform because it allows traders to participate in the massive financial market by giving them capital. In the FX Guys Trader Funding program, you will trade from $200,000 accounts to $500,000. FXGuys gives you 80% of your profit sharing from trading, and they keep 20%.
Also, $FXG tokens are credited to the wallet for every trade that a trader makes. This falls in line with the platform’s ongoing Trade2Earn initiative, which aims to increase the amount of money for the FX Guys users and promote excitement about the platform. That’s why the whales love the project because these $FXG tokens will give you various trading rewards over a period of time.
Lastly, the reason why Dogecoin whales are flocking to this blockchain trading platform is because it allows traders to transact without needing KYC requirements. FXGuys also helps traders by removing the buy-and-sell taxes. With the same deposit and withdrawal being allowed on the same day, FXGuys is the most promising crypto in the DeFi market.
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Conclusion
FXGuys offers quite an attractive range of features, which makes Dogecoin whales look into it. This project gives you the opportunity to participate and earn passive income monthly, making FXGuys the most promising crypto to buy. So, just go to the website, read how to buy the token, and buy as much as you want to start your investment.
To find out more about FXGuys follow the links below:
Presale | Website | Whitepaper | Socials | Audit
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