The crypto market has entered a recovery phase after rallying significantly over the past week. This retracement has seen top meme coins like Dogecoin (DOGE)
The crypto market has shown signs of recovery after rallying significantly over the past week. This retracement has seen top meme coins like Dogecoin (DOGE) and PEPE perform differently, leaving investors asking which one is the best crypto to buy now.
Fortunately, FXGuys ($FXG), an emerging PropFi and DeFi coin, has attracted investors after showcasing the potential to consistently rise during its presale. Notably, this DeFi coin has surged 100% thus far.
Let’s take a closer look at the performance of Dogecoin and PEPE and see how FXGuys is emerging as a better alternative during this crypto bull cycle.
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Dogecoin Surges 24% in a Week: Is It the Best Crypto to Buy Now?
Dogecoin has amazed investors over the past week after becoming the best-performing crypto in the top ten list of leading cryptos. On October 15, 2024, DOGE was hovering around $0.1161.
A key development that saw Dogecoin gain bullish steam the same day was DogeExpress announcing that it had successfully onboarded a business in Spain to accept DOGE This saw the meme coin gain around 3% to trade at an average price of $0.1196.
A day later, DogeExpress disclosed that the business in Spain was none other than the popular Ventura Harbor Bar. This bullish news saw Dogecoin soar as high as $0.1495 on October 21 before stabilizing at around $0.1444 as of October 22. This price action means DOGE has lept by an impressive 24% in a week.
So, does DOGE qualify as the best crypto to buy now? While Dogecoin has shown impressive gains, analysts expect it to continue pulling back as the excitement about the recent news fades. This trend is evident in the 24-hour DOGE trading volume, which is down 2%. Should this reversal continue, we might see DOGE plump sharply.
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PEPE Slips 3% in a Week: Will Bulls Take Over Soon?
Another meme coin, PEPE, has performed underwhelmingly over the past seven days, failing to mirror the price action of popular cryptos. On October 15, 2024, PEPE was changing hands at around $0.00001063.
It is worth noting that this price was attained by PEPE thanks to the prevailing bullish market conditions. However, PEPE’s price was also driven by the October 8 news of iTrustCapital supporting PEPE. By adding support for Dogecoin, iTrustCapital allowed its users to purchase this meme coin with their 401k and Roth IRAs.
This development helped push PEPE as high as $0.00001090 on October 19. However, PEPE lost the bullish steam and started correcting downward. By October 22, PEPE had leveled off at around $0.00001015. This price movement means PEPE has plunged 4% in a week.
So, is PEPE the best crypto to buy now? Experts foresee PEPE’s price shrinking further as the buzz about the iTrustWallet news dwindles. The 17% decline in the 24-hour PEPE trading volume supports this prediction.
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FXGuys Grabs Headlines With Its Trade2Earn Feature
As the Dogecoin and PEPE prices continue fluctuating, investors are actively searching for alternative tokens to safeguard their investments against losses. This pressing need has seen investors flock to FXGuys, an emerging DeFi and PropFi project that seeks to simplify trading by addressing issues affecting legacy platforms.
Specifically, the FXGuys platform offers multiple tools and programs to help traders boost their skills and increase profits. As such, it is not hard for FXGuys to spot the best crypto to buy now.
The top feature of the FX Guys project is a Trade2Earn program, which rewards traders in $FXG tokens for each trade they complete. Amazingly, these trades do not have to be profitable for FXGuys to reward traders in its DeFi coin.
To help investors realize the value of their $FXG tokens, FXGuys allows them to redeem trading benefits and tools to improve their skills. Investors can also lend their $FXG holdings to borrowers in the DeFi space to earn interest.
However, the best use case of $FXG tokens is staking them within FX Guys. Amazingly, FX Guys offers stalkers up to 20% of its annual trading volume profits, making it one of the DeFi platforms with the highest staking rewards.
This reward model encourages traders to stay active within the FXGuys platform. However, it is impossible to trade without funds.
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