Santiment data revealed that Bitcoin (BTC) whale transactions have surged to their highest level in over ten weeks. On October 15, about 11,697 transfers exceeded $100,000, with October 16 also showing increased whale activity. It also observed that BTC has taken over a quarter of all social media discussions.
Similarly, FXGuys ($FXG) ignites excitement in the market by merging Decentralized Finance and Traditional Finance. Traders are bullish as the project has generated over $1 million in its presale. With its staking mechanism, FXGuys is attracting prominent figures looking for which crypto to buy today for long-term growth.
In this article, we will explore why traders turn bullish on FXGuys as Bitcoin captures market dominance.
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Bitcoin (BTC): Market Dominance Reached Multi-year High
Bitcoin recently reached a ten-week high of $68,250, boosting its weekly gains to 11%. Although it has since dipped below $68,000, the upward momentum persists. Data from Santiment indicates that two signals suggest the rally might be temporarily paused.
This is because key stakeholders are profiting, and the crowd has heightened FOMO. But long-term metrics remain bullish, indicating that any pullback will likely be brief. Another result of this rally is that Bitcoin dominance has reached a multi-year high.
According to TradingView, this metric peaked at 58.98% on October 16, marking its highest level in three and a half years. This represents Bitcoin’s largest market share since April 2021.
FXGuys ($FXG): Seamless Profit Sharing For Traders
The FXGuys staking mechanism is at the core of its ecosystem. It offers a self-sustaining environment that can indefinitely support the token’s value. Token holders often keep their assets in anticipation of value appreciation, and with $FXG, that expectation is not in vain.
Through the Trade2Earn model, traders can generate trading volume and earn $FXG tokens. Token holders lock their tokens, gaining access to a share of the profits generated from trading volume. This feature allows stakers to receive up to 20% of annual profits based on their percentage of the staking pool.
This approach has prompted traders looking for which crypto to buy today for long-term growth to be bullish on FXGuys presale. As the demand increases, traders can sell their tokens for a greater economic value. They can also use it to pay for trading challenges, giving them the chance to manage a funded account worth up to $500,000.
FXGuys ($FXG): Showing Strong Market Viability
FXGuys is demonstrating strong market viability as one of the best altcoins for portfolio diversification. The platform raised over $1,000,000 in its private round and quickly sold all 68,000,000 $FXG tokens. It is currently in the first stage of its presale, with the token priced at only $0.03.
At a listing price of $0.10, experts are predicting gains for investors. With more than $97 millions tokens sold, $FXG is the best cryptocurrency to invest in right now. This project is implementing a strategic vesting schedule for its tokens to enhance market stability further.
The $FXG tokens will be released in two phases, safeguarding against potential market fluctuations. With a two-month vesting schedule, 50% of the tokens will be released each month on the 15th after the presale ends. This approach helps maintain a solid floor price and positively impacts the utility and value of the token over time.
Conclusion
With its staking mechanism and growing investor confidence, FXGuys is among the best altcoins to buy for portfolio diversification in the crypto market. As the buzz around FXGuys continues to grow, it’s clear that crypto traders are bullish on its potential to yield huge profits. If you are looking for the best cryptocurrency to invest in, FXGuys is the best platform to start your investment.
To find out more about FXGuys follow the links below:
Website | Whitepaper | Socials | Audit
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