The post Crypto Analysts Highlight FX Guys as the Next Sui Killer, Here’s Why appeared on BitcoinEthereumNews.com.

Sui (SUI) has been outstanding in the market recently. It reached a record high price of $4.91 recently when its trading activity saw an increase. Despite its price being a little lower than the peak it achieved, SUI has observed an upward hike in the market, which makes it one of the trending altcoins in the market.  Despite the bullish signal SUI is showing, crypto analysts have pointed out a new rival that has the potential to outshine it. FXGuys ($FXG) has emerged in the industry with the aim of bridging the gap between DeFi and TradeFi. With its staking feature, FXGuys has become one of the best DeFi crypto projects to buy. This article will explore why analysts highlight FX Guys as the next SUI killer. JOIN FXGUYS HERE Sui (SUI): Witnessing A Surge In User Activity  The double-digit rally in SUI has been driven by the announcement that Backpack is set to be integrated with the Sui blockchain. This news led to an incredible upward movement of SUI’s price as the blockchain gained popularity in its user activity. This user activity intensity is echoed in the SUI decentralized finance (DeFi) total value locked (TVL), which has also been rising to reach a new high.  As a result, the increase or growth in a network’s TVL means that more capital is being staked, deposited, or used within that respective ecosystem. This may have a positive effect on an asset price because high TVL normally correlates with high demand. Alongside its growing TVL, the SUI DEX also continued to see more trading volumes as it surpassed $35 billion. FXGuys ($FXG): The Staking Mechanism Offers Lucrative Opportunities  FXGuys serves as a decentralized platform as well as a proprietary trading company, and in doing so, it has revolutionized the way traders trade…

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Filed under: News - @ December 27, 2024 11:23 am