The dominance of Ethereum (ETH) is under pressure as Solana (SOL) and FXGuys ($FXG) emerge as strong altcoin contenders. Solana’s bullish momentum and network growth could outpace Ethereum in market cap.
Meanwhile, FXGuys presents its innovative proprietary trading platform with different programs for the welfare of traders. Experts predict the new crypto, $FXG, could deliver 100x returns. Let’s dig deeper!
Top Altcoin Rises: Ethereum Futures Hit $20.8 Billion Open Interest
Ethereum futures reach a historic open interest of $20.8 billion with a positive funding rate of 0.03%. It indicates the majority of long positions as the altcoin market is showing bullish signs. November 2024 saw an 85% increase in Ethereum transaction volume.
Besides, in late November, ETH was trading at around $3,400, an increase of 37% in the past month. However, SOL’s price has grown by 50% in the same period and has also topped ETH in yearly gains by 300%.
Analysts predict this DeFi coin could drop to the $3,000 support level under bearish pressure. If ETH breaches the $3,200 support level, it could drop to $2,970 per Fibonacci retracement level. Experts say $FXG and SOL might leave ETH behind with better ROI.
Solana’s DeFi Coin Hits $264 High with Bullish Momentum Driven by ETF Filings
On November 23, 2024, Solana’s SOL reached a new all-time high of $264, with a 50% surge in the past month. On November 25, the DeFi coin retraced back and was trading around $255. Reports suggest spot Solana ETF filings by major firms like Bitwise, VanEck, and 21Shares have driven the uptrend.
In addition, network growth and technical indicators further support the bullish outlook. Solana’s non-vote transactions hit an all-time high of 80.71 million. Experts say that SOL could outpace ETH soon in market cap.
Technical analysis reveals a higher high pattern in the altcoin price recovery and a golden crossover between the 100- and 200-day SMAs. The RSI is nearing the upper limit and analysts believe SOL could reach $275 soon after a minor correction. They added $FXG will also join the race with SOL to flip ETH.
Unlock $500K Funding and Earn Rewards as You Trade With FXGuys
FXGuys has attracted Solana and Ethereum traders with its innovative proprietary trading platform. Traders will have access to capital, advanced analytics, and a custom-built platform via FX Guys.
The FXGuys platform has a mission to empower retail traders globally by eliminating barriers to entry. Even if you don’t have the capital to trade but are better at trading, then FXGuys will fund your account up to $500,000 after you pass their challenge phase.
With the FX Guys Trader Funding Program, you can benefit from features like unlimited time to complete challenges, transparent trading rules, and a generous 80% share of the profit. Traders admire the fast payouts and access to over 1,000 trading instruments, including forex and cryptocurrencies.
In addition, its Trade2Earn program rewards traders with $FXG for every trade they execute. They reward you, irrespective of how your trade performs. Experts say that this will attract many users and form a strong community.
In addition, you can also stake your $FXG tokens for a passive income opportunity. They will distribute 20% of trading volume profits and other exclusive rewards to stakers. This will also make the ecosystem healthy and provide a good flow of liquidity.
The New Crypto $FXG is Set to Outperform ETH with 100x Gains Predicted
The transparency and security of FXGuys are evident in its audited smart contracts from SolidProof and Soken. It has boosted the trust among its growing user base.
The FX Guys presale has already raised over $2.7 million and aims to raise $3 million by the end of November. In Stage 2 of its public presale, the altcoin is available at $0.04. In Stage 3, $FXG will rise by 25% and reach $0.05.
Experts predict this new crypto, $FXG, will outperform ETH in the near future with its gains. They believe $FXG will return 100x profit if the altcoin gets listed in top-tier exchanges.
To find out more about FXGuys follow the links below:
Presale | Website | Whitepaper | Socials | Audit
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