Per on-chain data, Solana (SOL) and Ondo Finance (ONDO) investors have resolved to invest in an emerging presale token selling for $0.04 due to the recent altcoin market downturn. This token is backed by a blockchain trading platform gaining recognition as a top PropFi project because of its innovative models, including a robust Trader Funding Program, a Trade2Earn scheme, and a utility-packed token.
Let’s find out why SOL and ONDO investors believe this is the right altcoin to invest in!
Spot Solana ETF Approval May Not Happen as the SEC Stops New Filings
To the dismay of the broader crypto market, the Gary Gensler-led US SEC has refused to approve recent Spot Solana ETF filings, quelling any hope of potentially doing so soon. Eleanor Terrett, a business correspondent at Fox, revealed that the regulator had alerted at least two of the five firms that submitted a 19b-4 filing for a Spot SOL ETF about its decision.
The SEC’s move contradicts initial expectations and optimism that the altcoin would soon get a Spot ETF. Previous reports had suggested that negotiations were going smoothly and that approval was imminent.
However, the regulator’s hesitating to approve the SOL ETF suggests its unwillingness to admit other exchange-traded products besides Bitcoin and Ethereum, the only tradable ETFs in the United States.
Solana is one of many digital assets whose ETF application is a hanging fire. Others include XRP, HBAR, and LTC, which are currently being reviewed. This development cascaded SOL’s value, which currently sits at $217, having shed 4.11% of past gains over the week.
ONDO Holders Anticipate $3 Billion Worth of Tokens Unlocked: What to Expect of the Altcoin?
Ondo Finance is one month away from a significant token unlock event. This unlock event will usher $3 billion worth of ONDO tokens into circulation on January 18, 2025.
Tokenomist (Formerly TokenUnlocks), a platform that monitors token unlock schedules, reported this inbound unlock in an X post on December 9, 2024. The platform revealed that the unlocked tokens will go towards two causes: 80% will drive ecosystem and protocol developments, while the remaining 20% will be offered to investors.
The tokens set for unlocking represent 135% of ONDO’s circulating supply and 14.37% of its total supply. Unlock events are generally concerning for investors because, in most cases, they lead to a drop in prices due to subsequent sell-offs by recipients of the new coins.
As of now, ONDO trades at $1.48, with a 13.29% weekly loss. The altcoin has a market valuation of $2 billion, anchored by a $498 million 24-hour trading volume.
FXGuys: A Blockchain Trading Platform With Innovative PropFi Features!
FXGuys ($FXG) is making rounds with its blockchain trading platform, which embodies several innovative models that distinguish it from its rivals. It merges DeFi and TradFi features to offer the best PropFi services.
The FXGuys Trader Funding Program has captured the attention of professional investors who have the necessary skills to trade profitably but not capital. The program will democratize access to $200,000 to $500,000 in trading capital, eliminating the financial hurdles that usually hinder market participation.
The FX Guys blockchain trading platform will unveil a Trade2Earn program that will reward users’ active participation in the market. Whether you’re trading stocks, cryptos, or FX, $FXG tokens will be deposited into your Web3 wallet for every trade, regardless of the outcome.
The $FXG altcoin lies at the heart of FXGuys, fostering activities like staking, governance participation, and incentives within the ecosystem. It is the fuel that drives the platform’s growth and has an intrinsic value.
$FXG: A New $0.04 Presale Token to Recoup Losses!
With SOL and ONDO on a tightrope, $FXG Presents a way out for investors. The emerging presale token is the key to recovering the losses incurred during the recent market downturn.
$FXG is priced at $0.04, running through Stage 2 of its public presale. By the end of this sale, early participants’ portfolios will be up 500% and new investors’ 150%.
These gains surpass the losses SOL and ONDO registered during the latest decline. Following the altcoin’s exchange listing at $0.10, $FXG will rival these established players to become the highest-performing asset on the market.
To find out more about FXGuys follow the links below:
Presale | Website | Whitepaper | Socials | Audit
This article is not intended as financial advice. Educational purposes only.
