The crypto market has performed deplorably over the past week, with Bitcoin (BTC) and Ethereum (ETH) struggling to fight a strong bearish trend. As a result, investors have started shifting to fresh tokens to diversify their portfolios. One such token is an upcoming DeFi token that has showcased massive growth potential during its presale.
Why are Bitcoin and Ethereum investors flocking to this emerging DeFi token? Continue reading to find out!
Bitcoin Sheds 4% in a Week: What’s Coming Next?
Bitcoin has performed abysmally over the past seven days. On September 2, 2024, BTC was hovering around $58,186. After two days of range-bound trading, the Bitcoin price started declining on September 4 after Fidelity sold 2,812 Bitcoin.
Furthermore, the investment firm liquidated an additional 1,586 BTC on September 7. These sales pushed Bitcoin as low as $53,653 on August 8 before recovering partially. By September 9, Bitcoin had stabilized at around $55,402.
This price movement means BTC has plunged 4% in a week. However, the 51% surge in BTC’s 24-hour trading volume indicates investors are returning to its market, a development that might spur a fresh bull run.
Ethereum Dumps 7% in a Week: Will Bulls Take Over Soon?
Like BTC, Ethereum has performed poorly over the past week. On September 2, 2024, ETH was changing hands at around $2,510. After holding this range through September 3, Ethereum gave in to the selling pressure triggered by Bitcoin’s slump on September 4.
This downtrend intensified after Fidelity dumped 1,586 BTC on September 7. As a result, ETH traded as low as $2,222 on September 7 before experiencing a partial rebound. As of September 9, Ethereum had stabilized at around $2,313.
This price means ETH has plunged 7% in a week. Notably, the 24-hour Ethereum trading volume is up 33%, indicating growing investor interest, which might trigger a renewed rally.
FXGuys Steals the Spotlight With Its Avant-Garde DeFi Features!
With Bitcoin and Ethereum struggling with a bearish trend, investors are flocking to FXGuys to diversify their portfolios and improve their trading experience. This is because FXGuys is the first decentralized FX brokerage with a custom platform in the crypto-verse.
Additionally, the FXGuys platform also boasts analytics and social trading tools and a prop firm funding program for talented traders to share profits. Through these features, this budding project enables traders to dabble in various assets, including crypto, equities, FX, Indices, and commodities.
Interestingly, the FXGuys platform also has a Forex Funding program, which offers talented and ambitious traders up to $500,000 in capital to invest in the above asset classes. However, traders must first showcase their trading skills by passing the challenge phase.
Amazingly, FXGuys features a Trade2Earn program, which rewards investors with the ecosystem’s utility token, $FXG, for all trades they complete. What’s more, these trades do not have to be profitable for traders to earn $FXG. As such, the most active traders get more $FXG tokens.
Traders can use their $FXG tokens to unlock lower profit targets or increased drawdown limits. Additionally, traders can purchase tools to enhance their trading performance. Alternatively, traders can HODL their $FXG tokens to accumulate value over time.
These features explain why Bitcoin and Ethereum investors looking to diversify their portfolios are migrating to FXGuys.
The $FXG Presale Holds Great Promise!
Bitcoin and Ethereum investors are also flocking to FXGuys because $FXG boasts a limited supply of 835 billion tokens. Also, Solken, a leader in blockchain security, audited the token’s smart contract, authenticating that it is safe to invest in.
Additionally, FXGuys has caught the attention of investors because the price-tiered $FXG presale promises massive returns. As of September 2024, $FXG is in the private sale round, with each token going for $0.015. This price is set to jump 100% when $FXG kickstarts Stage 1 of its presale at $0.030.
Furthermore, Private Round investors will witness the value of their $FXG holdings surge by a staggering 566% when the token climbs to its listing price of $0.10. On top of this, experts expect $FXG to pump further after launching on leading exchanges. This forecast makes $FXG the best crypto to buy now for massive returns in 2024 and beyond!