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The crypto market has recently given many investors a bitter taste, especially with meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE) experiencing heavy selloffs by holders. For Shiba Inu, it has now declined to the psychological $0.00002 mark due to a growing bearish trend of the crypto market causing effects due to the decline in cryptocurrency. Dogecoin sell-off has raised many eyebrows, particularly when the digital currency hit its lowest since January at $0.315.
Both meme coins are having these sell-offs while their holders are now participating in the FXGuys ($FXG) presale. There has been success in the presale, and thus, it is referred to as the best blockchain trading platform in which to invest. It has many features that make it very attractive, such as staking, the Trader Funding Program, and Trade2Earn.
In this article, we will explore why SHIB and DOGE holders are participating in FXGuys’ presale.
Shiba Inu (SHIB): IntoTheBlock Data Reveals Levels Of Support
Shiba Inu was not spared from the extended bearish run, touching a low of $0.00001995, lower from the high they came through at $0.0000222. However, the IntoTheBlock data shows that these levels could be significant supports of SHIB price and may halt extended painful falls. At the same time, ‘bulls’ are looking at such a level, which may arise from the current market high if the market is to turn around.
In the current volatile environment, SHIB’s next important support level is pinned between $0.000014 and $0.000019. IntoTheBlock points out that 13.14% of the SHIB supply is controlled by 131,550 addresses in this range of tokens. According to IntoTheBlock data, this giant cluster indicates that there are large holders that are unlikely to sell at these lows, which is positive for SHIB’s price as buyers are there to create support and stop the token from declining further.
Dogecoin (DOGE): Analyst Predicts Its Future Movement
As it stands, Dogecoin has faded by 17% in the last week, and traders seemed to bear little optimism in the token’s way forward. So, based on its massive sell-off, many analysts are predicting its future. Crypto trader Cephii noted how Dogecoin was doing against Solana, describing it as “the meme coin against the chain of endless meme coins.”
The Altcoin Sherpa believes that Dogecoin will perform decent when altcoins pump but doesn’t believe that Dogecoin can lead the market like it did in November 2024. For instance, Trader Tardigrade has pointed the bull signs for the DOGE, pointing at fractals and RSI settings as a sign of a rally. As reported by Whale Alert in an X article from Jan 10, 112.7 million DOGE, the value equivalent to $37.99 million, was transferred from an unknown wallet to Coinbase.
FXGuys ($FXG): Yielding Huge Profit Via Its Staking Structure
FXGuys presale has gained massive attention as many investors backed it up. Both SHIB and DOGE holders are now participating in the presale because of its potential to boost investors’ portfolios. Recently, the presale is in stage two, with the token being priced at $0.04, making it the best DeFi crypto project.
When it comes to funding, the presale has raised over $3.4 million, and this has made it one of the top trending altcoins. One reason investors are flocking to the FXGuys platform is because of its staking platform. The staking system rewards traders with profit annually, and therefore it is the best DeFi crypto project.
When you stake your token, FXGuys rewards you with 20% of the amount of token staked annually from the trading volume. Also, its Trade2Earn program rewards traders with tokens, whether their trade is profitable or not. As one of the trending altcoins, FXGuys eliminates the buy-and-sell tax during transactions.
Conclusion
As holders of SHIB and DOGE continue to participate in FX Guys‘ presale, it has become the best blockchain trading platform. Its staking mechanism and Trade2Earn program have made it very exceptional and attractive. As the presale continues, investors who want to join the platform can visit the website to buy the token.
To find out more about FXGuys follow the links below:
Presale | Website | Whitepaper | Socials | Audit
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