New web3 multi-asset platform FXGuys predicted to replicate 2021 SHIB, DOGE rally
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The newly launched web3 platform, FXGuys, gains traction, with predictions of replicating the iconic 2021 rallies of Shiba Inu and Dogecoin.
Over the past few weeks, the newly launched FXGuys (FXG) platform has been making waves with its strategic market positioning and promising potential.
As the fame of this web3 platform continues to grow, market analysts are increasingly optimistic that it could replicate the extraordinary rallies witnessed in 2021 with iconic tokens like Shiba Inu (SHIB) and Dogecoin (DOGE). Let’s see the factors fueling this bullish prediction.
FXGuys: The new web3 trading platform with unique features
In recent weeks, FXGuys has captured the attention of the crypto community as it progresses through its public presale. The platform is steadily gaining traction in the trading sector due to its innovative Trade2Earn and Prop Funding programs.
Through these programs, this web3 platform gives traders access to real capital, offering up to $200,000 in funding, with the potential to scale up to $500,000 based on performance. It also rewards them with FXG tokens for each trade, regardless of the outcome, encouraging sustained interaction on the platform.
Distinguishing itself from speculative assets like SHIB and DOGE, FXG provides practical utility for its users.
This token from the new web3 platform can be used to engage in trading challenges, earn rewards through staking, and access advanced analytics on FXGuys’ platform, establishing a solid foundation for sustainable growth. This utility is already fueling demand for the token, with over 70 million tokens sold in its ongoing presale.
Currently progressing through Stage 1 of its public presale, FXG tokens are going for $0.03 each. This is the cheapest it will ever be, as the project’s presale roadmap shows the token will launch at $0.10 in 12 weeks.
This implies a substantial increase of over 200%. Post-launch, market analysts are predicting a continuous price surge, mirroring the remarkable 2021 rallies of SHIB and Dogecoin.
Shiba Inu’s 2021 surge revisited: Can it happen again?
Fueled by speculation and a thriving cryptocurrency market, Shiba Inu skyrocketed in 2021, soaring from an initial price of $0.000000001 in mid-2021 to a peak of $0.000065 by late October. This remarkable surge of over 6,000,000% catapulted SHIB into the ranks of the market’s leading tokens.
Since its 2021 ATH, SHIB has experienced sharp volatility, leading to a notable price correction. As of October 2024, the altcoin price is moving to the $0.00001 mark. However, due to recent events like Shiba Inu’s Shibarium surpassing seven million total blocks, crypto analysts are increasingly bullish on the token’s potential.
The surpassing of seven million total blocks by Shibarium reflects increased network usage, which could translate to higher demand for SHIB tokens due to rising utility and investor confidence.
At this rate, market analysts predict that SHIB could gain enough traction for a price jump to $0.00002 in the coming weeks.
Whale purchases fuel Dogecoin’s rally: Another price surge?
Like SHIB, Dogecoin was one of the most bullish tokens in 2021, recording a significant surge of 5,000% in just three months. The altcoin’s price rose from $0.009 to $0.569 between January and May, placing DOGE among the top 10 cryptocurrencies.
However, over the years, DOGE has been affected by the volatile crypto market, pushing the token down to the $0.11 trading mark as of October 2024. Nevertheless, the token remains resilient, with recent developments signaling a promising future trajectory.
Recently, whales purchased over 1.4 billion DOGE tokens, translating to an influx of over $140 million into their wallets. This purchase has pushed the number of wallet addresses holding Dogecoin above the 90 million mark, showing increased adoption.
As the token gains traction, market experts predict that DOGE’s price could hit $0.12 before the end of October 2024.
FXG: The new token challenging SHIB and DOGE
With FXG’s growing demand in its presale stage and the excitement for its web3 multi-asset platform, FXGuys is well-positioned to follow the path of Shiba Inu and Dogecoin’s legendary rallies. However, it has the added advantage of real-world utility and a clear roadmap for growth.
As FXGuys continues to gain traction, it’s clear that this web3 project has the ingredients to make a significant impact in the crypto space.
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