As Bonk Hits Resistance, This Altcoin Is Gaining Ground Among Whales

As BONK faces resistance, whales turn to FXGuys, the Top PropFi Project redefining DeFi with staking rewards and Trade2Earn innovations.

BONK, a leading memecoin, has been on an upward trajectory, posting a 24% surge over the past week. Its rise above the 20-day SMA has sparked optimism among traders, with market analysts eyeing the critical resistance at the upper Bollinger Band. However, while BONK grapples with resistance levels, another altcoin—FXGuys ($FXG)—is rapidly gaining attention among whales, thanks to its innovative ecosystem and real-world utility.

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Whales are increasingly accumulating FXGuys during its presale, drawn to its unique blend of DeFi and TradFi features. With its focus on Staking, the Trade2Earn program, and a robust Trader Funding Program, FXGuys is positioning itself as one of the high potential altcoins for 2024.

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BONK: Nearing a Critical Resistance

BONK’s recent performance has been impressive, climbing 24% in just a week. The memecoin’s price action suggests a short-term bullish trend, with analysts speculating a breakout if it breaches the upper Bollinger Band. However, the memecoin market is notoriously volatile, and BONK’s long-term potential remains uncertain, especially with rising competition from utility-driven projects.

This is where FXGuys enters the scene, appealing to whales and traders seeking a sustainable, reward-focused ecosystem beyond the memecoin hype.

Why FXGuys Is Gaining Ground

1. Staking: A Passive Income Game-Changer
   FXGuys’ Staking feature is a key attraction for whales and retail investors. By staking $FXG tokens, users earn a 20% profit and revenue share from broker trading volumes. This predictable income stream incentivises long-term holding and stabilizes the ecosystem.

As a best defi token, FXGuys provides a compelling alternative to speculative assets like BONK, offering real rewards backed by an innovative trading platform.

2. Trade2Earn: A Unique Incentive Model
   FXGuys’ Trade2Earn program rewards every trade—whether profitable or not—with $FXG tokens. This encourages higher trading activity and ensures constant demand for the token. Unlike BONK, which relies on community-driven momentum, FXGuys actively engages its users, fostering a thriving ecosystem.
3. Trader Funding Program: Bridging the Gap for Skilled Traders
   The Trader Funding Program is another standout feature of FXGuys. This initiative provides traders who pass evaluation challenges access to up to $500,000 in trading capital. Participants retain 80% of their profits, making FXGuys one of the best proprietary trading firms in the crypto space.

This program empowers traders and drives demand for $FXG tokens, creating a self-sustaining cycle of growth and engagement.

Whales’ Growing Interest in FXGuys

Whale activity strongly indicates market confidence, and FXGuys has been a favorite during its presale. Currently, in Stage 2, FXGuys has raised over $2.6 million at a token price of $0.04.

Unlike memecoins, which can be unpredictable, FXGuys offers a comprehensive ecosystem that combines utility, rewards, and scalability. This makes it a top contender among top defi coins and a preferred choice for whales looking to diversify their portfolios.

BONK vs. FXGuys: A Comparison

While BONK’s recent rally has captured headlines, its reliance on hype and market sentiment poses risks. In contrast, FXGuys offers tangible benefits, such as staking rewards, a trade-to-earn model, and a robust trader funding program.

As a proprietary trading company, FXGuys seamlessly blends the world of decentralized finance with the stability of traditional finance, positioning itself as a Top PropFi Project with long-term growth potential.

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Conclusion

As BONK faces critical resistance, the spotlight shifts to FXGuys, a rising star in the DeFi space. With its innovative features like Staking, Trade2Earn, and the Trader Funding Program, FXGuys offers a sustainable and rewarding investment opportunity.

For whales and retail investors alike, FXGuys represents one of the high potential altcoins poised to outperform in 2024. With its presale momentum and robust ecosystem, now might be the perfect time to explore what FXGuys offers. Whether you’re looking for passive income or trading capital, FXGuys sets a new standard in the crypto world.

To find out more about FXGuys follow the links below:

Presale | Website | Whitepaper | Socials | Audit

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Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.