The crypto market showed mixed signals prior to the election, with assets both rising and falling. Analysts expected market sentiment to pick up if Donald Trump won. Recently, Bitcoin (BTC), the largest cryptocurrency, surged to $86,118.98 and is hovering around the $86k mark.
Interestingly, Shiba Inu (SHIB), the popular dog-themed cryptocurrency, ranks among the top twenty gainers. Over the past week, SHIB declined by over 4.90% prior to the elections. The cryptocurrency slipped from $0.00001966 to $0.00001629, but is back at $0.0000277 reversing its recent downtrend.
In October, around 6 billion SHIB tokens were burned across 105 transactions. Additionally, billions of SHIB tokens were moved to dead wallets, effectively reducing SHIB’s total supply.
Shiba Inu (SHIB): The Cryptocurrency Can Gain More Ground
SHIB’s technical indicators suggest a bullish outlook. The Moving Average Convergence Divergence (MACD) line is positioned above the signal line, indicating a positive trend that could lead to a bull run. Additionally, the Chaikin Money Flow (CMF) is above 0.16, reflecting increased inflows.
The daily Relative Strength Index (RSI) stands above 58, indicating a neutral asset stance. Furthermore, the 9-day short-term moving average (MA) remains below the 21-day long-term MA. If SHIB bulls maintain momentum, immediate resistance could be encountered at $0.00001812.
If momentum continues, SHIB may challenge a higher resistance near $0.00001910. If the bullish momentum fades, SHIB could dip to nearby support at $0.00001681. The meme cryptocurrency might see further support found at $0.00001587.
FXGuys ($FXG): The Best Blockchain Trading With A Reward-Driven Approach
FXGuys ($FXG) brings a fresh approach to DeFi by combining blockchain trading with access to real trading capital across various assets. This crypto gem has the potential to yield high gains because of its Trader Funding Program. This program provides top retail traders with an opportunity to showcase their skills.
Traders who pass rigorous trading evaluations can access up to $500,000 in trading capital. The profit sharing on this platform favors traders with a generous 80/20 profit split in their favor. This model offers a lucrative entry point for those looking to make their mark on the best forex trading platform without the typical barriers like KYC requirements.
FXGuys allows both fiat and crypto deposits and withdrawals, which are processed on the same day for maximum flexibility. Also, FXGuys has eliminated the standard buy or sell tax on its $FXG token, allowing traders to keep more of what they earn. This approach simplifies blockchain trading and strengthens FX Guys’ reputation in the market.
FXGuys ($FXG): A Self-Sustaining Staking Platform For Long-Term Value
One of FXGuys’ standout features is its Trade2Earn program, which transforms trading into a rewarding experience. Through Trade2Earn, traders earn tokens with every trade, encouraging more active engagement. Regardless of the trade outcome, traders are rewarded for their efforts, making it the most promising crypto platform in DeFi.
The FXGuys staking mechanism is another platform where holders benefit directly from trading volume. This mechanism enables stakers to earn up to 20% of annual profits from the trading volume. Rather than waiting for token appreciation, FX Guys provides an active way for holders to benefit from the platform’s success.
Conclusion
For those seeking the best forex trading platform, FXGuys presents a golden opportunity with its innovative rewards. As the platform grows, it’s clear that FX Guys is not only one of the most promising crypto assets but also a transformative force in the DeFi sector. With a promise to reshape how we trade in cryptocurrency, FX Guys is the best platform to start your investment.
To find out more about FXGuys follow the links below:
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