Investor sentiment has increased as Ethereum (ETH) witnessed a decrease in price since September 1st. This occurred despite the altcoin market cap rising by 4.5% simultaneously. Due to this development, investor interest has been drawn to Chainlink (LINK) and FXGuys ($FXG) as they gain the attention of key crypto whales.
FXGuys is a new DeFi project that blends TradFi (traditional finance) with DeFi (decentralized finance). The platform allows users to trade various assets inside a safe, decentralized ecosystem. Chainlink has experienced a notable surge in its price, which has captured the crypto community’s attention.
This article explores the reasons behind Ethereum’s decline and the growing enthusiasm of whales towards Chainlink and FXGuys.
Ethereum (ETH) Witnesses Slow Activity
The Ethereum price has been affected by a decline in network activity. Between October 1 and October 8, the price of ETH dropped by 7.3%, wiping away gains from the preceding two weeks. This disparity can be partially attributed to the unimpressive launch of Ethereum exchange-traded funds (ETFs) in the United States.
According to statistics from Farside Investors, these ETFs witnessed no net inflows on October 7 and a total outflow of $548 million since their launch in July. Further adding to investors’ skepticism is the increasing competition from blockchains that prioritize scalability, such as Solana (SOL), Avalanche (AVAX), and Sui (SUI). These networks have accumulated a combined total value locked (TVL) of $19.5 billion, equating to 43% of ETH’s $45.6 billion deposits.
Chainlink (LINK) Demonstrates a Strong Potential for a Breakout
ChainLink whales are again in the spotlight, with an evident increase in big transactions over $100,000. There were twice as many high-value trades, rising from 65 to 130. There is more to this surge in activity than just the quantity of trades.
A notable increase in whale activity can be seen in the volume of LINK tokens being exchanged, which has climbed from 1.86 million to 7.28 million. This has piqued interest in ChainLink’s market movements. Also, from mid-2024, there has been a noticeable increase in the social engagement surrounding ChainLink, with more conversations and exchanges taking place.
FXGuys ($FXG) Emerges as a Revolutionary PropFi Platform
Key whales from top DeFi projects are heading to the FXGuys platform. This is due to the innovative FXGuys provided to traders. FXGuys combines the versatility of DeFi, TradFi, and PropFi (proprietary finance).
The combination of these financial domains makes FXGuys a promising platform worth adding to any investor’s portfolio. FXGuys gives traders access to large capital, DeFi transparency, and professional-grade trading tools.
SolidProof and Soken have also conducted audits on the FXGuys smart contract. This provides a level of security to its traders. Investors and traders benefit from the best of both worlds: high-end trading and blockchain-level security.
FXGuys ($FXG) Presale Offers Potential 100x Gains in the Next Bull Run
The $FXG token has shown remarkable growth thus far with its outstanding presale. This has attracted key whales to the presale. The presale price has doubled from $0.015 in the private sale round to $0.03 in Stage 1.
If you purchase the tokens now, you may realize a 233% return on investment if $FXG launches at $0.10. Over 86 million tokens have been sold, indicating growing demand for $FXG. You should hurry to lock in your spot for maximum profits in the upcoming bull market, just as whales and traders are doing.
Conclusion
The slow activity on the Ethereum network has resulted in some unfavorable outcomes. Meanwhile, Chainlink and FXGuys have won the hearts of top whales due to their remarkable performances. Unlike other top DeFi projects, FXGuys pays traders and investors $FXG tokens for trading on the TradFi platform.
Given the token’s continued success throughout the presale and its practical applications, demand is anticipated to soar. FXGuys has the potential to be the next 100x cryptocurrency with massive returns in 2024 and beyond. Click on the link below to participate in this innovative platform!
To find out more about FXGuys, follow the links below:
Website | Whitepaper | Socials | Audit
Exclusive FXGuys Promo Code:
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