Investors turn to tokens with real utility in 2024
The post Is Floki Fighting a Losing Battle? Investors Turn to Tokens With Real-Life Utility in 2024 appeared first on Coinpedia Fintech News
Floki (FLOKI) price is under pressure and has seen a substantial drop over the past seven days as optimism in the cryptocurrency market succumbs to caution. Based on new technical developments and prevailing data supporting a bearish outlook, experts are forecasting that the memecoin could continue its decline. But is Floki fighting a losing battle? Or can its price recover and remain significantly bullish, as noted by one analyst, Master Kenobi?
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 ($FXG) and Aptos (APT). FxGuys has been closely monitored as discussions about the project have increased due to its Trade2Earn model. On the other hand, Aptos has continued to witness a surge in its price and is positioned to hit a double-digit figure soon.
This article explores why investors are turning to FXGuys and Aptos as Floki falters.
Floki (FLOKI): Master Kenobi Predicted a Massive Price Surge in October
Floki has been in a downtrend all week, and a consolidation phase follows this pattern. According to analyst sentiment, its price will fluctuate within a narrow range as it trends higher during this time. As per further analysis, Coinglass has reported a large outflow of FLOKI, particularly on Binance.
This negative net flow trend has been occurring over the past week. The result of such a negative net flow is that it leads to a supply restriction, which could drive demand and push up the price of Floki. Furthermore, a cryptocurrency analyst, Master Kenobi, identified a unique recurring chart pattern while analyzing Floki’s past price movements. He predicted that if this pattern continues, FLOKI will see a massive price surge in October.
Aptos (APT): Witnesses of a growing institutional interest
Aptos has been one of the most sought-after altcoins over the past few weeks. It received a weekly price increase of 8.5% following Aptos Labs’ latest acquisition of HashPalette. This move is seen as strengthening its dominance in the Asian markets, given that HashPalette is a prominent blockchain in Japan.
Additionally, there has been growing institutional interest in the Aptos blockchain. We saw this when Franklin Templeton launched its Onchain U.S. Government Monetary Fund on the Aptos blockchain. Santiment data expects the APT price to eventually hit double digits.
FXGuys ($FXG): Gaining Momentum with its Trader Funding Program
FXGuys is more than just a speculative altcoin. It is one of the leading new DeFi projects that are transforming one of the largest financial markets in the world: forex trading. Large financial institutions have dominated the forex market for quite some time, with trillions of dollars traded by and between these colossal players on a daily basis. Such a structure makes it very challenging for retail traders to enter the market due to high fees, lack of accessibility, and limited transparency.
The project offers a comprehensive and user-friendly ecosystem that sets it apart from other new DeFi projects. While many DeFi platforms focus only on cryptocurrency trading, FXGuys goes further by merging DeFi with TradFi (traditional finance), allowing users to trade markets such as forex, commodities, stocks, and cryptocurrencies.
At the core of FXGuys’ operations is their Trade2Earn model – an exciting new way of rewarding those who participate in all trades (profitable or not) with $FXG tokens. This model keeps users engaged at all times during the day. It tangibly increases the demand for $FXG tokens and is one of the main causes of the platform’s success. By offering incentives for simply trading on the platform, FXGuys ensures a constant flow of work, keeping it alive and vibrant as the best cryptocurrency investment platform.
Another standout feature of FXGuys is the Trader Funding Program. This program allows a trader to obtain up to $500,000 in capital by proving their trading skills in a contest. The ability to trade with real funds without risking capital is a new phenomenon that has greatly attracted both experienced and beginner traders looking for the best cryptocurrencies to buy on the market.
Conclusion
Analysts are predicting that the $FXG token will rise significantly, with many even suggesting a 100x increase. Currently, FXGuys is pricing its token at $0.03 for the pre-sale stage one. Moreover, because it has merged the features of DeFi and TradFi, its pre-sale stage will be completely taken up by investors who want to buy $FXG.