FXGuys ($FXG), a new multi-asset token, is gearing up to challenge Ethena (ENA) and Sui (SUI) to a contest for the most profitable investment vehicle in the fourth quarter of 2024. With its rising dominance in the crypto market, $FXG is expected to emerge victorious in this race, delivering more market gains than ENA and SUI.
But the question is, what makes experts so confident that the multi-asset token can deliver substantial market gains ahead of top altcoins like ENA and SUI? Read on to find out!
FXGuys Poised to Transform DeFi With Its Web3 Trading Platform
FXGuys, a Web3 trading platform, depicts a signature aphorism that says, “transforming decentralized finance with proprietary finance through traditional finance.”
The PropFi model of FXGuys is a new concept in DeFi that adopts TradFi systems to create a trusted and secure financial landscape that bridges the gap between the new and old financial structures.
This model exists to endow users with real-world opportunities via the platform’s Trader Funding Program. With this program, traders no longer need to worry about sourcing capital to trade. FXGuys can equip them with up to $500,000 in funding, democratizing access to a market flooded by big-time players.
FXGuys also incorporated a staking feature that encourages users to lock assets in the platform’s liquidity pool and earn returns nonstop, even without trading. This arrangement is especially for those seeking to earn passive income and build wealth correctly without adverse exposure to risks.
Also, the Trade2Earn program on FXGuys incentivizes traders with $FXG tokens every time they trade, irrespective of the outcome. While this is one way to accumulate $FXG, traders can swap the tokens for increased drawdown limits and lower profit targets, among other trading boons.
Another way to acquire the $FXG token is through its ongoing public presale, which is currently in Stage 1. Trading at $0.03, $FXG has the potential to deliver thousands of dollars in market gains, emerging as a more profitable multi-asset token compared to ENA and SUI.
Whales Accumulate Ethena After It Pumped 90% in 30 Days
ENA has emerged as a top-performing cryptocurrency in the last 30 days, with its growth majorly fueled by crucial developments in the Ethena ecosystem and increased whale activity. ENA rose 96.6% over the past month, accompanied by its market capitalization, which expanded from $420 million in the middle of September to $1.14 billion as of October 16, 2024.
A large share of these gains were added within the last seven days, during which ENA rallied 45.1%. New developments within the Ethena network sparked this price surge.
Recently, Ethena Labs proposed introducing Ethereal, a decentralized exchange developed with the USDe stablecoin, to its reserve management system. This integration will boost the utility of the ENA token within the Ethena ecosystem and provide additional liquidity to the network.
On-chain activity tracker IntoTheBlock reported that whales took this as a bullish sign and purchased 5.4 million ENA valued at around $2.3 billion on October 15. Now, ENA trades at $0.39, following the 45% weekly market gain.
SUI at a Crossroads: Will It Remain Above $2 or Reverse to $1.6?
During the short market recovery earlier this week, SUI, the 19th-ranking cryptocurrency by market capitalization, set its second ATH this year. This record was set after SUI clinched the $2.35 price level on October 14, 2024.
At present, technical indicators are giving diverging opinions of the altcoin, creating a mixed sentiment around SUI. These indicators include the Simple Moving Average on the 1-day chart and the Moving Average Convergence Divergence on the weekly chart.
The 50-day SMA shows the bulls are still in charge, reflected by its overpass of the 200-day SMA. Meanwhile, the MACD displays an emerging red histogram with a bearish convergence on the chart.
SUI will either maintain a level above $2 or pull back to $1.6, depending on which side wins. In the meantime, SUI has risen 5.56% in the last 24 hours, reclaiming $2.13.
$FXG: A Multi-Asset Token Promising Explosive Crypto Market Gains
$FXG is a new multi-asset token set to deliver explosive market gains in the fourth quarter of 2024. While ENA and SUI have reached notable heights over the last few weeks, $FXG is set to replicate this performance in ten or more folds.
This Ethereum-based token is a game-changer for crypto investors, capable of upgrading their portfolios from a mere hundreds of dollars to thousands within a few months.
A recent analysis by market experts has revealed that $FXG is one of the best multi-asset tokens that can easily deliver up to 100x returns to investors.
To find out more about FXGuys follow the links below:
Website | Whitepaper | Socials | Audit
Exclusive FXGuys Promo Code:
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any monetary losses.
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