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Cryptocurrency News Articles
$FXG: A PropFi Token With More Potential Than the Top Altcoins
Dec 22, 2024 at 10:30 pm
$FXG, the native token of the FXGuys project, is getting a lot of positive shouts from experts. There is great anticipation for how the project
A new proprietary trading project is paving the way for innovation, and top DeFi tokens like TRON (TRX) and Ripple (XRP) are trailing in the background.
Active addresses on the Ripple network dropped by over 180,000 in the past week and Ethereum has overtaken TRON in USDT trade. In short, the two top altcoins are not in the form to outpace the new PropFi token.
Read on for more on the new proprietary trading project and its presale token!
Ripple’s XRP Falls on Tough Times Following Market Dip
The Ripple project got a resurgence during the last altcoin rally, closing in on its $3.84 ATH. However, XRP has been having it tough in the past few weeks, as a bout of profit-taking has left the DeFi token trading at 6.5% losses on the weekly timeframe.
The profit-taking has seen Ripple token holders and investors realize about $2.2 billion in the past two weeks. And it's not just the token holders that are selling off; the active XRP wallet addresses are going dormant, too, as about 180,000 of them stopped operating in the past week.
Small-time whales on Ripple are still in accumulation mode, however, as the larger whales have reduced their holdings by 340 million XRP. The sentiments are varied on XRP at the moment, and the path to the 20 top altcoins list is clear for the new PropFi token that could be displacing the Ripple coin soon.
FXGuys Gives DeFi Proprietary Trading Boost
Crypto trading has been restricted to improving trading features on various exchanges without much consideration for the traders' welfare. FXGuys ($FXG) has identified that a lot of competent, reliable traders lack the capital to attain their maximum gains. The project is proffering a solution with proprietary trading.
Much like how revolutionary DeFi was when it launched, proprietary trading is going to bring fresh waves of innovation to the crypto-verse. FXGuys is the pioneer PropFi token, and its Trader Funding Program could be the most innovative development in DeFi in recent times.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
The FXGuys Trader Funding Program comprises an assessment that has objectives for traders to pass. Selected traders achieve the set goals and are eligible for funding, from $2,500 to about $100,000, with a pipeline to get up to $500,000.
There's an abundant supply of trading instruments, all from the various sectors of digital financial markets. Users on the FX Guys platform get to curate their portfolios from Forex, crypto, and stock markets, giving them the diversity needed to reduce risk drastically.
Trade2Earn is another feature of FXGuys, where traders get $FXG coins regardless of whether they are in profit or not. The platform allows them to build a stack of $FXG tokens, as more use cases will be added to the platform as the project evolves.
TRON’s TRX Keeps Disappointing Its Holders
The pressure is growing on the TRX token, as its price has been on a losing streak since last week. The DeFi token has accumulated 10.56% in net losses while falling behind Ethereum in USDT supply.
According to reports, the ETH token has been in better condition than TRX for the past seven days, and the USDT minting on TRON has dropped as a result. Blockchain data show that Tether has been issuing about $2 billion worth of USDT between both networks since November 6, 2024, and Ethereum has been getting more than TRON.
Now that TRON’s TRX token is facing trying times, it's up to new projects to save the day. Surely, the bull run is still very much in play, but investors won't mind settling for a fresh start on the new PropFi token.
$FXG: A PropFi Token With More Potential Than the Top Altcoins
$FXG, the native token of the FXGuys project, is getting a lot of positive shouts from experts. There is great anticipation for how the project is going to improve DeFi trading and push the potential of brilliant traders while also benefiting investors.
Investors are quickly positioning themselves to take advantage of $FXG’s potential rise, which experts say could be up to 100x. Its public presale is in Stage 2, and investors have already pumped in more than $3 million.
Unlike many of the top altcoins like TRON’s TRX and Ripple’s XRP, which are already close to their peaks, the $FXG PropFi token is still in its gestation stage, and its current price of $0.04 is the best entry point. Investors can expect up to 150% gains at launch when the price goes up to $0.10
Disclaimer:info@kdj.com
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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