Recent data suggests that TRON (TRX), Dogecoin (DOGE), and FX Guys ($FXG) are among the hottest investment picks of 2024. Experts believe that investing $250 in these top crypto coins could yield $25,000 before the year ends. This sentiment has drawn eyes to these coins, with investors calling them the best altcoins to buy for considerable returns.
Here, we will dive into the reasons backing this claim, unveiling whether these coins are the best altcoins to buy for massive returns in 2024.
Whale Transactions on TRON Reach Two-Month High: Profit Ahead For the DeFi Coin?
TRON was one of the few cryptocurrencies to defy the bearish market trend last week, registering gains while other assets plummeted. Notably, TRX gained 4% along with SOL, highlighting its solid position in the cryptocurrency ecosystem.
A network report pinpoints one of the drivers of TRX’s growth and it turned out to be an increase in whale transactions on TRON. IntoTheBlock revealed that as of October 25, 2024, the number of large wallet transactions had climbed to 542.
This uptick implies surging interest among top-tier investors or institutions, showcasing confidence in TRX’s potential. This means that large token holders are optimistic about the future of TRX, which is crucial for enforcing growth.
Technical indicators such as the RSI, 64, and the consistent positioning of TRX’s value above the 50-day and 200-day moving averages further strengthen the bullish theses. In the last seven days, TRON’s TRX has risen 3.44% to $0.164.
Dogecoin Displays Strong Bullish Patterns As Buyers Reclaim Control: Best Cryptocurrency To Buy?
Dogecoin price is giving off signs of an impending rally as technical indicators hint at a potential price uptick. The bullish suggestion is reflected by the Ichimoku Cloud, the DMI, and the EMA lines, although the strength of this bullish momentum remains to be unveiled.
At the moment, buyers are taking over, but the momentum requires more strength to verify a bullish trend. The focus is now on crucial support and resistance levels to determine the possible direction of DOGE’s price in the near term.
The Ichimoku Cloud on Dogecoin’s 4-hour chart sees DOGE trading above the Kumo line, which is a positive outlook for the premier meme coin. The Directional Movement Index (DMI), on the other hand, reflects mixed signals concerning the strength of the trend.
The EMA lines, however, are flashing bullish signals as DOGE’s price is sitting above all EMA lines at $0.163, a 13.56% increase in the last 24 hours. Dogecoin has emerged as one of the top gainers in the last 24 hours, making it one of the best coins to invest in.
FX Guys Introduces Multiple Avenue to Make Gains With Its Prop Trading Company
Projects like FX Guys are redefining the way investors can make money in the DeFi sector as they offer several methods to do so. In the case of FX Guys, investors can make money by investing in its native token’s presale or trading financial instruments in its prop trading company.
However, the fascinating offering of the FX Guys platform is its empowerment programs, which are designed to give traders a shot at profiting from the broader investment market.
The prop trading company’s Trader Funding Program is one such scheme formulated to provide traders with the funds needed to trade the financial market.
By participating in the program, which involves challenges and evaluations to determine the ability of each trader, participants can secure up to $500,000 in funding. This fund will democratize access to a market occupied by deep pockets, allowing them to demonstrate their skillset for gains.
The profits generated will be split on an 80/20 basis, where the trader takes the larger share while the rest goes to the FX Guys platform. This arrangement can be renegotiated in the future in a way that benefits the trader even more.
For every trade, $FXG tokens, the platform’s DeFi coin, will be deposited into the trader’s wallets as an incentive. The tokens can either be staked for future returns or used to enjoy trading perks like increased drawdown limits and reduced profit targets.
Staking $FXG will not only qualify one as a solid member of the FX Guys ecosystem, but it is also an avenue to generate passive income even when the market is highly volatile.
Moreover, stakers will be entitled to 20% of the platform’s annual revenue, which is another way of rewarding their presence in the FX Guys ecosystem.
How to Turn $250 Investment Into $25,000 With TRX, DOGE, and $FXG?
These top crypto coins—TRX, DOGE, and $FXG—offer incredible opportunities to amass significant profits before the end of 2024. While this offer stands, the fact remains that the early bird catches the worm.
For context, $FXG is in Stage 1 of its presale, trading at $0.03 per token. Those who join the presale at this stage will have realized up to 233% of their initial investments when $FXG hits $0.10, its final presale price.
After its exchange listing, the DeFi coin is expected to soar 10,000% from its opening price, turning a $250 investment into $25,000. While this is more than TRX and DOGE can achieve this year, these top crypto coins are considered the best altcoins to buy now.
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