Shiba Inu Price Rally to $1 Still on? This New Coin Could Reach $1 First

Amidst the continued significant bullish signals altcoins are showing, Shiba Inu (SHIB) has attracted some attention following the recent spike in its burn rate.

Still, experts do not see the light at the end of the tunnel for SHIB hitting $1 anytime soon after this result. At the same time, FXGuys ($FXG),  a rising star in the crypto world, is steadily gaining momentum in the market.

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Following that, FXGuys emerged as a tough candidate that could hit the dollar point before SHIB. It is working to bring TradeFi and DeFi together in ways not yet seen in the DeFi space. The Trader Funding Program is a feature of this blockchain trading platform that aims to compensate traders for their participation in its platform.

This article explores if FXGuys could hit $1 first before Shiba Inu.

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Shiba Inu (SHIB): The Burn Rate Surge Fuels Positive Market Sentiments

As provided by the Shibburn tracker, the rate of SHIB burnt soared by 6,223%. Approximately 290,321 tokens (removed from circulation) were burned during that time. The same community also burned about 135 million SHIB tokens, which helped to reduce supply.

While SHIB has witnessed some consolidation and bounce back, holders are not optimistic about touching the $1 mark. This price level can only be achieved if the market capitalization of SHIB rises significantly. Considering the total supply of SHIB, this meme coin may take time to hit such value.

FXGuys ($FXG): Offering A Self Sustaining Staking Mechanism 

FXGuys is building a unique ecosystem as a proprietary trading platform. It also has a unique staking feature at its core, which can push the price of $FXG higher to $ 1 $. Instead of requiring idle wallets to secure tokens, this blockchain trading platform rewards its holders up to 20% annual profit based on a fraction of the trading volume.

This feature is distinguished as it rewards traders, making FXGuy the most promising crypto platform in the market. FXGuys has zero buy or sell tax and same-day fiat/crypto withdrawals, making it compelling. With no KYC requirement, FXGuys is one of the most popular altcoins for those looking to make high profits.

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FXGuys ($FXG): A Blockchain Trading Platform Empowering Traders With Capital 

FXGuys also introduced a Trade2Earn program that has the potential to push its price higher after its launch. This program rewards traders with $FXG tokens, whether their trade is profitable. With this approach, FXGuys has boosted its value in the market. 

The Trader Funding Program is designed to nurture top trading talent. Retail traders can access funded accounts with over $500,000 in trading capital once they complete the platform’s trading evaluations. FXGuys split profits in an 80/20 ratio for a trader’s profit, making it the most promising crypto.

Conclusion  

While experts are not optimistic about Shiba Inu reaching $1 so quickly, FXGuys has shown great potential to hit $1 after its launch. With its approach to blockchain trading and dynamic rewards, FXGuys has become one of the most popular altcoins. As repeated gains momentum, FXGuys is expected to become a major player.

To find out more about FXGuys follow the links below:

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Alexander Stefanov