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In a recent analysis, a crypto veteran predicted that Sui (SUI), Solana (SOL), and FX Guys ($FGX) could produce millionaires during the next bull cycle. This prediction comes as these three top altcoins exhibit immense growth potential driven by ecosystem expansion and increased adoption, presenting them as the best cryptos to invest in before the anticipated bull run begins.
Here, we will uncover specific information about SUI, SOL, and $FXG to understand the sentiment backing the expert’s claim.
The Sui Network has announced plans to create products that combine blockchain technology and artificial intelligence to achieve efficiency and boost security. This announcement was made on October 17, 2024, via a post on the microblogging platform X.
Kostas Chalkias, co-founder of Mysten Labs, first brought this innovative initiative to public notice through his X handle. He attached soft audit screenshots from a random continuous smart contract to his post to show how far the network has gone to accomplish this endeavor.
Asset manager Andreessen Horowitz spotlighted the importance of merging AI with blockchain in a recent report on the state of crypto in 2024. The report provided statistical data on the growth of AI between 2023 and 2024. Per the data, crypto projects using AI-based services and resources went from 27% in 2023 to 34% in 2024.
The Sui Network’s decision implies that it understands the benefits AI will offer blockchain and the amount of good both technologies combined can do. SUI is up 10.26% over the last seven days, trading at $2.03.
SOL attempted to retest $160 on October 15, 2024, during a rally, but bearish pressure forced the price to rescind. Meanwhile, a report on October 17 shows a significant increase in Solana’s Total Value Locked (TVL).
Notably, DeFiLlama shared a report highlighting a rise in Solana’s TVL to a new high this year. The report shows that Solana’s TVL rose to $6 billion, its highest since 2022.
A surge in TVL means that a blockchain network is actively being funded, which could signal bullishness to enthusiasts of such a project.
In Solana’s case, the network’s reach in the decentralized finance ecosystem might have contributed immensely to its TVL hike as it has become a hub for innovations like speculative meme coins.
Given its TVL growth, SOL is expected to experience a parabolic price increase that will push it past resistance at $160. Presently, it trades at $150, up 8.56% in the last seven days. Therefore, experts consider SOL one of the three top altcoins for the next bull cycle.
FX Guys presents a compelling opportunity to generate wealth through its proprietary financial approach that involves combining DeFi and TradFi. As a decentralized brokerage and multi-asset trading firm, FX Guys offers access to multiple financial instruments and real trading capital.
With its Trader Funding Program, traders will have a chance to get funded with up to $500,000 to get started on their trading journey.
After passing a set of challenges to showcase their skills, they will be given a well-funded account to manage, with a structured profit-sharing arrangement where the trader keeps 80% of the profits.
This profit ratio can be increased over time, depending on how well the trader performs during and after the challenge phase.
FX Guys’ Trade2Earn program presents it as one of the best defi projects in the industry. The Trade2Earn event is a program designed to reward traders with $FXG tokens each time they trade. These tokens will provide exclusive value to holders, particularly in the area of performance improvements.
Investors may also decide to stake their assets on the platform and earn passive income. Staking rewards, along with profits from trade, can be received in external crypto or fiat wallets on the same day.
$FXG is in its public presale stage, trading for $0.03 in Stage 1. Due to its private sale performance, during which it raised $1 million, $FXG is expected to maintain a similar record in its public presale, delivering significant gains to early investors.
The three top altcoins within the radar of experts are SUI, SOL, and $FXG, and they are there for a good reason. These three top altcoins can make early investors millionaires during the next bull cycle as each exhibits potential for growth.
With Sui Network’s AI initiative drawing attention, Solana gunning for a new price high, and FX Guys’ $500,000 reward system attracting more investors, SUI, SOL, and $FXG confirm the conclusion that they are the best cryptos to invest in ahead of the next bull cycle.
To find out more about FX Guys follow the links below:
Website | Whitepaper | Socials | Audit
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
