The future begins now, and while we have heard several predictions of a trend becoming the future of cryptocurrency, very few have stayed relevant for long enough. The PropFi token FXGuys ($FXG) is looking to break into mainstream decentralized finance, and Dogecoin (DOGE) and Ethereum (ETH) whales are all over the new token.
Traders and investors alike have equal chances to make huge profits from the FXGuys project. All they need to do is familiarize themselves with the DeFi coin.
We have some details on the FXGuys project here!
Sell-off Could Send Ethereum to New Support Levels
The Ethereum ecosystem is experiencing tough times now, as last week’s market correction threw ETH users–traders and whales–into a selling frenzy. There have been outflows since October 5, 2024, both on the token charts and on the Ethereum ETFs.
The Ethereum ETFs have been a sore topic with investors, considering their sub-par performance. The ETFs saw $8.1 million worth of outflows on Tuesday, October 7, and the token has taken the fall for it. Now that the amount of ETH in exchanges is rising, the token risks falling to even lower depths.
FXStreet predicts a likely fall to $2,200, as the Ethereum price has tested the expected support at $2,395. Derivatives contracts are also liquidating at the moment, with ETH trading at about $2,382, and we do have an idea of where the whales might be headed.
Limited Capital is Not a Problem With FXGuys Anymore!
On FXGuys, it’s goodbye to issues like small capital and a trader’s inability to go very high up in the financial markets.
The FXGuys platform offers the complete suite of crypto experiences, from being a member of a vibrant community to token burning, but the PropFi feature is where the attraction is.
FXGuys is introducing a new trading system in which investors–those with capital but no trading expertise–offer their capital to traders who clearly have the skills but lack the capital.
As a trader, you can then use your newfound capital to access higher market positions than you would normally trade at. The higher the capital/equity, the better the leverage you can access.
But how will the competent traders be selected? The challenge phase will involve simulation trading, where traders who meet the specific objectives will be picked from a pool of interested traders.
The selected traders could manage portfolios worth $200,000 on FXGuys, after which traders split the profits 80/20. As a trader, you will get to keep 80% of the share while the platform retains only 20%.
The $FXG DeFi coin is currently selling hot during its ongoing presale. Experts are also bullish on its future growth potential after witnessing the rising demand for its DeFi coins and high-end features.
The Dogecoin Price Falls Despite a Rise in Its Trading Volume
The DOGE price has dropped some 2.5% in the past 24 hours, an uncharacteristic deviation from its previous bullish trend. Meme coins are typically erratic, but Dogecoin is only ever controlled by its whales and Bitcoin.
But the whale activity on the token charts this time hasn’t yielded much for Dogecoin. There’s been an uptick in trading volume on the Dogecoin network, up to 16.41%, even though technical analysis shows significantly bearish trends.
The Elliot Wave structure on Dogecoin is a strong bearish sign, as the structure indicates a corrective phase for the DOGE token. Dogecoin is currently worth $0.106, and an immediate reversal to the greens is not likely.
Get the Trading Edge With the New DeFi Coin, $FXG!
The presale is a chance to get your tokens cheap on FXGuys, and even more so now that the $FXG has only recently concluded its private sale round. The $FXG public presale is currently in Stage 1 at $0.03.
The DeFi coin will likely launch at $0.10, representing a 233% price increase from its Stage 1 price. This means that Stage 1 investors are guaranteed to receive exceptional gains in the next few months.
You can take advantage of this profit potential by jumping on the project before the price goes up in the following stages of the presale. Joining the presale is easy. Head to the FXGuys website and set yourself up for maximum gains in the next bull run!
To find out more about FXGuys follow the links below:
Website | Whitepaper | Socials | Audit
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