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One trader turned $727 into $2.42 million in four days and now plans to invest in promising DeFi coin FXGuys.
According to Lookonchain, one trader invested $727 and earned $2.42 million in just four days. This trader is on the move now and is about to invest his GOAT earnings on this new DeFi coin, FX Guys (FXG).
The meme coin industry has made waves over the past year, from the rise of BONK and Dogwifhat (WIF) to the top meme coins on the Solana network. Now we have one of the latest meme launches, Goatseus Maximus (GOAT), doing the numbers, and one trader in particular just struck luck with the project.
This trader is now moving his funds to one of the most promising altcoins to buy, FXGuys, to reap even better profits as he gears up for a big launch.
GOAT memes: the latest craze in the crypto market
The Solana meme space has become a real force lately. Memes benefit from the reputations of industry leaders BONK and WIF, as the latest token GOAT gains traction.
The token launched on Raydium last week and surged by around 20,900%. If anyone was feeling superstitious, they’d say it’s PEPE all over again. This surge has propelled GOAT into the top trending column, and the token is expected to lead the week’s gainers.
Along with its bullish price, the market capitalization has also exploded now, sitting at around $272 million. GOAT entered the top 10 meme coin list in less than a week.
The token’s price is currently around $0.3397, with gains of 246.94% over the past week, according to CoinMarketCap. Even though the best of GOAT’s rise may be over, the crypto market could shift to DeFi for more stability.
Lucky Trader Wins $2.24 Million From GOAT Listing
The trending news in the market involves a trader who turned $727 into $2.24 million in less than a week of trading GOAT, according to data from LookonChain. He is just one of many who have gained hugely from the coin.
Additionally, traders continue to reap profits from GOAT, and the FXGuys presale is a place they want to invest.
Trader turns to FXGuys to capitalize on the rise of new DeFi
Meme coins are known for their highly volatile transitions, as most meme tokens lose relevance shortly after launch. Now that traders are massively profiting from the GOAT project, new Defi projects like FXGuys will be the next to benefit from the massive liquidity injection.
FXGuys is the frontier of a relatively new form of DeFi known as PropFi. Proprietary financing involves providing capital to traders to access institutional markets and whale domain markets so that retail traders can compete. The profits generated are shared between the ancillary finance provider and the expert trader.
The idea comes from the fact that most traders are operating below their potential and with more capital to trade with, they will be in much better positions to achieve a massive return on their investment.
There are crypto lending initiatives that provide funding to users, but PropFi on FXGuys works differently. Here, traders only provide collateral once they are funded. FXGuys will simply hold a competition to challenge traders with simulations so that they can select competent traders for funding.
Traders are selected for their consistent success in recording profits on their trades. The trading challenge is expected to take place in stage 4 of the pre-sale, and funding could reach $500,000 per trader.
Another incredible feature of the project is staking. The FXGuys project allows investors to place their assets in the trading community, where profits will be shared based on the agreed ratio. This allows $FXG holders to passively increase their income.
Investors and traders can share the gains in a ratio of 20 to 80, or as they agree. The presale is a chance to accumulate FXG PropFi tokens; the tokens are already in stage 1 of public presale.
The best DeFi presale of 2024: investors want FXG too
FXG coins are available in Stage 1 of their public presale, with each coin costing $0.03. Analysts argue that the FX and crypto trading token will launch at $0.10, meaning the token’s price has the potential to rise 233% above its current level.
The GOAT meme profits are great, but The FX Guys is a viable option for both short and long term investments.
For more information, visit the FXGuys website, read the white paper and join the Telegram community for the latest updates.
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