Crypto enthusiasts are currently considering the potential of several altcoins, including FXGuys (FXG), Stellar (XLM), and Hedera (HBAR). While the recent market downturn has heavily impacted the values of these coins, they have shown resilience and the ability to rebound from the most critical of states over time, which led some to believe they may offer substantial returns. Following is the analysis of their characteristics and market outlook for each.
FXGuys Overview
Experts have recently revealed an interesting detail about FXGuys that focuses on its future profit projection. FXGuys is a platform where you can trade any financial instrument without paying taxes. Its tax-free trading covers different markets, from stocks to cryptocurrencies and FX, allowing traders to retain their profits at the end of the day.
FXGuys also features a trader funding program that provides access to trading capital and skilled traders. This opportunity will be available to everyone.
FXGuys is at the top of the board for the best reward structure. The FXGuys Trade2Earn program is one of the most fascinating reward schemes ever devised. It ensures that every trader receives FXG tokens for every trade executed on the platform.
The FX Guys prop firm will also introduce a staking program to all FXG holders, allowing them to stake their coins for a fraction of its trading volume as a reward. The project is currently in its ICO phase, and its potential for future growth is being evaluated.
Stellar (XLM) Hints at Price Recovery
Stellar’s XLM has begun consolidating amid rising market volatility, with its token price action setting off conflicting signals. It retested a significant support level that could determine its next move soon.
While some believe in the likelihood of a rebound, Stellar’s XLM still risks crashing if the bears prevail. For a rebound to materialize, XLM must sustain a price level above $0.40 at the 100-day EMA. Moving upward from this price point will usher XLM toward the $0.47 resistance level.
The Relative Strength Index indicates that XLM is approaching the oversold regions, meaning buyers may reappear soon. This outlook has restored crypto investors’ confidence in Stellar for a potential hundred-fold profit.
As of now, XLM sells for $0.34, having declined 16.22% in the last seven days.
Will Hedera (HBAR) Break Out?
A recent analysis by ALLINCRYPTO, a technical analyst, suggests that Hedera’s HBAR could be on the verge of a turnaround. HBAR is holding firmly at critical support zones, gathering strength to power upward.
ALLINCRYPTO notes that HBAR’s upward move is granted, with technical patterns and its current price action clearing its path toward higher price levels. In the meantime, the analyst is looking for a volume confirmation, and they anticipate an epic move for the crypto coin.
ALLINCRYPTO’s projection suggests a rally is underway, and savvy investors are getting ahead. Right now, HBAR sells for $0.25 after falling 21.69% in the last seven days.
Conclusion
Despite the current market conditions, some investors are focusing on $FXG, XLM, and HBAR. These coins possess the prospect for explosive growth during the bull market. FXG is in Stage 3 of its public presale, with the price increasing from $0.04 to $0.05. Soon, it will rally to its final presale price of $0.10. The potential for future appreciation of $FXG is being assessed.
