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Cryptocurrency News Articles
Ethereum (ETH) and Fantom (FTM) Slump as FXGuys ($FXG) Public Presale Shocks Investors With Unprecedented Price Returns Promise in 2025
Dec 30, 2024 at 08:36 pm
As the general crypto market is experiencing consolidation following a peak in prices in November 2024, Ethereum (ETH) and Fantom (FTM) have suffered
As the general crypto market experiences consolidation following a peak in prices in November 2024, both Ethereum (ETH) and Fantom (FTM) have suffered significant losses in the past week. However, the success of the FXGuys ($FXG) public presale has shocked investors, with the new token promising unprecedented price returns in 2025.
Here's a closer look at the price dips of ETH and FTM, and how you can benefit from the massive rewards available on FXGuy.
Ethereum Slumps By 17% In Seven Days
Over the past week, Ethereum has seen a 17% price slump. ETH, the second-largest cryptocurrency, has crashed under the key $3,500 resistance.
This ETH price slump can be attributed to the significant outflows from the Ethereum chain. Due to the bearish trends of the larger market, ETH whales have been selling off significant portions of their holdings to pay off their debts.
For instance, one whale sold 22,746 ETH (approximately $7.7 million) and another offloaded 49,910 ETH (around $170 million) on December 19, 2024. Earlier on December 17, the Ethereum Foundation sold 100 ETH. All these factors contributed to the ETH price slump.
While Ethereum still suffers losses at present, its current position has been compared to its price behavior at $1,400, and it is expected to break the $4,000 resistance in the next three months.
Fantom’s FTM Mirrors Bitcoin Dip as Investor Confidence Fades
Fantom's price dip has been even steeper than the ETH dip, dropping by 24% from $1.38 to its current price of $1.04.
Like ETH, the FTM price slump can be attributed to decreased whale activity on the Fantom chain. The reduced whale activity is made clear by data that shows that there has been a dip in Fantom’s trading volume.
FTM has also always had a strong correlation with the BTC price. That correlation has continued with the general crypto market, which has been experiencing recent bearish trends. The dip has caused whales to lose profits significantly, with only 56% of FTM investors currently in profit.
Fantom's FTM is expected to consolidate further, with only a minor movement to $1.15 in the next three months.
FXGuys Has the Potential to Transform Proprietary Trading
The traditional prop trading industry is plagued by several issues like speed, lack of transparency, and KYC hurdles.
FX Guys offers a solution to this through a decentralized prop firm that combines the best features of both DeFi and TradFi so that traders can easily overcome the common barriers to trading.
One of these issues is the difficulty in accessing startup capital. However, with the FXGuys Trader Funding program, up to $500,000 can be accessed after completing the Challenge Phase to be used as startup capital.
The profits from trades made with this capital are then shared between the trader and the prop firm in an 80:20 ratio.
KYC requirements have also always been a hurdle for traditional prop firms. Traditional prop firms disregard privacy and make it impossible for transactions to be anonymous. But this is a non-issue with FXGuys, as the platform operates with a no-KYC policy.
The added advantage of this is that it increases the ease of use of the platform, and transactions can be swiftly made with the click of a button.
The transactions made on the FX Guys platform also earn you rewards thanks to the FXGuys Trade2Earn program. This program allows traders to earn $FXG tokens for every transaction made, regardless of the outcome of the trades.
The icing on the cake is the security of these transactions. The platform is fully audited by Soken and SolidProof, so investors can rest assured that their funds will not disappear into the air overnight.
Hurry Up and Buy the $FXG DeFi Coin Before the Price Explodes!
FXGuys is now at Stage 2 of the public presale, and $FXG is sold at $0.04.
Considering that it is still relatively early to invest in $FXG, the profit potential for this DeFi coin’s public presale is immense. With an expected launch price of $0.10, investors will earn an easy 150% profit.
Owning $FXG comes with interesting benefits. The tokens make an investor a loyalty member and grant the investor voting rights in the ecosystem so investors can participate in making important decisions concerning the platform.
$FXG can also be staked for a period of time, after which rewards on the staked tokens are earned. This serves as a passive and less risky way of earning income on the platform than direct trading. The tokens could also be used to pay
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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