Shiba Inu (SHIB) has ridden the wave of meme coin momentum since September. Kelly Ye, head of research at Decentral Park Capital, noted that this surge in popularity has positioned SHIB to outperform Bitcoin. Another market analyst predicted SHIB could see further gains, potentially targeting its 2022 resistance level around $0.00003260.
If achieved, this could result in a 71% boost for SHIB. SHIB's impressive performance in September was fueled by significant whale activity. At the same time, daily active addresses hit a monthly peak, signaling strong network growth and heightened user engagement.
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Shiba Inu (SHIB): On Chain Metric Shows Bullish Drive
The bullish metrics of SHIB quieted down in October. The daily active addresses falling below August levels indicate a decline in interest for SHIB. From a trader's standpoint, smart money on Binance scaled back long positions after heavily investing in the meme coin last week.
Despite this, SHIB has successfully maintained key trendline support since September. If this trend holds, SHIB could reclaim its Q2 price range and rise above $0.000020 in the short term. SHIB's strong momentum in September, amid a bullish market outlook, could propel the meme coin to new heights over time.
Declining market interest may slow down SHIB's short-term recovery. Amid this, another altcoin is causing a stir in the DeFi market. FXGuys ($FXG) is disrupting the market with its unique funding program, which gives investors access to capital.
FX Guys ($FXG): Most Promising Altcoin With Unique Profit Sharing
The FX Guys is taking center stage by introducing a groundbreaking funding program to reshape the DeFi landscape. It gives traders who pass evaluations and challenges access to up to $500,000 in trading capital. With a generous profit-sharing model of 80/20 in the trader's favor, FX Guys is the best crypto coin to buy right now.
As one of the most popular altcoins rising in the crypto market, FXGuys is delivering a decentralized brokerage and proprietary trading firm. The platform combines many assets, including cryptocurrencies, FX, indices, and commodities. With advanced customer support. FX Guys is the best crypto coin to buy right now.
The platform's Trade2Earn program adds even more value. It motivates users to trade, rewarding participants with tokens regardless of their trading outcomes. This innovative model fosters a dynamic trading environment that encourages continuous learning, making it the most popular altcoins in DeFi.
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FXGuys ($FXG): Traders Can Withdraw Funds Same Day
Beyond the trading side, FX Guys offers a robust staking mechanism that ensures long-term sustainability. Stakers can receive up to 20% of annual profits based on trading volume, divided according to their share of the staking pool. This system guarantees a constant supply of $FXG tokens, benefiting everyone.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
The FX Guys platform eliminates unnecessary hurdles. With no buy-or-sell tax and decentralized trading without KYC requirements, FXGuys ensures a seamless experience. Users can deposit or withdraw crypto or fiat on the same day, making FX Guys the best DeFi crypto coin.
Despite Shiba Inu's optimistic view, FXGuys' funding program is exceptional. The project is still in its stage one presale, and the token price is $0.03. As the project progresses, investors seeking the top DeFi crypto coin can maximize this opportunity by purchasing the token.
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