The market sentiment for Ethereum (ETH) has become heavily bearish as investors worry about a possible financial collapse for the token. Its continuous decline on the chart mirrors previous price patterns and hints at a potential red December due to historic year-end lows. This underperformance is intensifying FUD for the token, causing investors to turn to cheaper alternatives like Solana (SOL).
While Solana attracts ETH investors as a top choice to challenge Ethereum soon, its bulls are diversifying their portfolios with a new forex trading (FX) token. FX Guys ($FXG), a proprietary finance token, is intriguing investors with its unique approach to trading and exciting rewards for users. Explore these top altcoins and their potential to deliver returns in the near future.
Ethereum (ETH): Possible Declines In December As Price Drops Further
General bearish market conditions and a price decline have intensified Fear, Uncertainty, and Doubt (FUD) for Ethereum. The coin’s community is weary of the bearish patterns it is printing, which hint at a possible downturn in December. ETH is currently trading around $2,400, nearly a 7% dip over the past week.
The ETH/BTC ratio has dropped to 0.037, its lowest point since April 2001, over three years ago. As this contrast deepens, on-chain data points to a decline in activity due to high transaction fees, negatively affecting investor confidence. Despite this growing FUD and bearish sentiment, whales maintain their positions and analysts predict long-term recovery for the token.
Solana (SOL): Top Alternative With Impressive Daily Transactions Fees ATH
Solana is experiencing momentum as it gains momentum, recording 9% in the past week and 12% in the last month. With this ongoing price surge and growing bullish momentum, Solana has been lauded as the most promising crypto to close the gap and outperform ETH. Analysts predict a kick-off for the token to potentially hit its all-time high (ATH) by year-end if it crosses its $179.69 resistance.
Solana has hit new milestones, recording an all-time high in daily transaction fees. Blockworks Research reported its real economic value (REV), which calculates both transaction fees and MEV tips for validators, exceeded $11 million on October 24th, 2024. This surge has been attributed to increased activity in AI-related meme coins on the Solana blockchain.
FXGuys ($FXG): Rewards Abound For PropFi Traders and Investors
The most promising crypto PropFi platform is merging traditional finance features on the blockchain with the innovation of decentralized finance. This broker-backed firm offers a custom trading platform, FX Guys Trader and access to other platforms including MT5, Match-Trader, cTrader and DXtrade depending on geographic location. Traders can hone their skills with advanced analytics like charts and AI and risk management tools that promote risk-free trading,
FX Guys promotes trading opportunities without the burden of raising large capital through its new crypto trader funding program and trader development ecosystem. Retail traders can enter trading evaluations, and those who pass will be awarded funded accounts with up to $500,000 in trading capital. Profits from these trading activities are split 80/20 in the trader’s favor and with no KYC, they can enjoy decentralized trading and privacy.
FX Guys features a Trade2Earn program that rewards trading activity with tokens, alongside staking opportunities offering up to 20% profit and revenue sharing for token holders. The project’s native token $FXG launched its first public presale at $0.03, with over 107 million tokens sold, representing 74% completion of the round. The second presale round of this new crypto is set to open at $0.04 per token, with participants from the first round positioned to benefit up to 33%
Conclusion
The Ethereum FUD has put Solana in the limelight, and as its daily transactions increase, the potential for heightened returns grows. Offering a substantial 200% increase on a launch price of $0.1, FX Guys is the leading choice for investors seeking top altcoins with high growth potential. Take a cue from Solana bulls, and claim $FXG tokens at their lowest price now.
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