Is Floki Fighting A Losing Battle? Investors Turn To Tokens With Real-Life Utility In 2024

The Floki (FLOKI) price is under pressure and has seen a substantial drop over the past seven days as optimism in the crypto market succumbs to caution. Based on new technical developments and prevailing data that support a bearish outlook, experts forecast that the memecoin could continue its downward decline. But is Floki fighting a losing battle? Or can its price rebound and remain significantly bullish, as an analyst, Master Kenobi, pointed out?

Meanwhile, investors who want to see high 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 rise in its price and is positioned to hit a double-digit figure soon. 

This article explores why investors turn to FXGuys and Aptos as Floki declines.

Floki (FLOKI):  Master Kenobi Forecasted a Massive Price Pump In October

Floki has been on a downward trend all week, and a consolidation phase follows this pattern. According to analyst sentiment, its price will fluctuate with a narrow range as it trends upward during this time. Based on further analysis, Coinglass has reported a huge outflow of FLOKI, particularly on Binance. 

This negative trend of net flows has occurred over the past week. The result of such a negative net flow is that it leads to a supply squeeze, which could drive demand higher and push Floki’s price higher. Also, a crypto analyst, Master Kenobi, identified a unique recurring chart pattern as he discussed Floki’s past price movements. He forecasted that if this pattern continues, FLOKI will see a massive price pump in October.

Aptos (APT): Witnessing Increasing Institutional Interest

Aptos has been among the most searched altcoins for the past few weeks. It received an 8.5% weekly price boost after Aptos Labs’ latest acquisition of HashPalette. This move is considered to strengthen its dominance in Asian markets, given that HashPalette is a prominent blockchain in Japan.

Also, there has been increasing institutional interest in the Aptos blockchain. We saw this when Franklin Templeton launched its Onchain U.S. Government Money Fund on the Aptos blockchain. Data from Santiment expects that the price of APT will eventually reach double digits. 

FXGuys ($FXG): Gaining Momentum With Its Trader Funding Program

FXGuys is more than a speculative altcoin. It’s one of the top new DeFi projects transforming one of the biggest 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 daily. Such structure makes it a major challenge for retail traders to enter the market because of huge fees, lack of accessibility, and limited transparency. 

The project offers a comprehensive and user-friendly ecosystem that differentiates it from other new DeFi projects. While many DeFi platforms concentrate only on crypto trading, FXGuys takes it further by merging DeFi with TradFi (traditional finance), enabling users to trade across markets such as forex, commodities, equities, and cryptos.

At the center of FXGuys’ operation is its Trade2Earn model, an exciting new way of rewarding those involved in all trades (profitable or not) with $FXG tokens. This model keeps users engaged at all times throughout the day. It tangibly increases demand for $FXG tokens and is a major cause of the platform’s success. By offering incentives for mere trading on the platform, FXGuys ensures a steady workflow, keeping it alive and vibrant as the best crypto investment platform.

Another standout feature of FXGuys is the Trader Funding Program. This program allows a trader to obtain up to $500,000 of capital by proving his trading ability in a contest. The ability to trade with real funds without risking one’s capital is a new phenomenon that has vastly attracted both seasoned traders and beginners who are looking for top crypto to buy on the market.

Conclusion

Analysts predict that the $FXG token will rise significantly, many even suggesting a 100x increase. Currently, FXGuys is at a $0.03 price point for stage one presales of its token. Also, because it has merged DeFi and TradFi features, its presales stage will be thoroughly snapped up by investors who want to buy $FXG. 

To find out more about FXGuys follow the links below:

Website | Whitepaper | Socials | Audit

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