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Cryptocurrency News Articles

FXGuys (FXG): The New DeFi Token That Is Taking the Market by Storm

Oct 20, 2024 at 10:00 pm

Sui and BNB were top trending tokens at different periods of the past month, but recent events have thrown them into scrutiny. Sui has had a $400 million sell-off that is discouraging traders, and BNB is caught in a consolidation zone.

FXGuys (FXG): The New DeFi Token That Is Taking the Market by Storm

After a period of strong performance, the SUI and BNB tokens have encountered challenges that have placed them under scrutiny.

SUI has experienced a setback with the news of a $400 million sell-off, an event that has discouraged traders and halted SUI's remarkable five-week rally.

The sold coins were reportedly held in wallets linked to the founding team, and the activity has raised concerns among traders.

Despite the team's denial of involvement, skepticism persists in the market, suggesting that SUI may face a period of correction.

Meanwhile, BNB has entered a consolidation zone as it recovers from recent losses.

After briefly surging past the $600 mark, prompted by a signal indicating potential for a rally to $800, BNB's price has encountered resistance and slipped back to around $595.

This development comes after the token's failure to sustain a rally to $604 in September 2024.

Amidst these challenges, a new multi-asset trading platform has emerged as a promising destination for traders seeking profits.

FXGuys offers both short-term and long-term value propositions, catering to the needs of traders, investors, and even regular crypto users.

With its PropFi model, FXGuys provides traders with access to capital far exceeding what they could gather on their own, presenting an opportunity for traders to amplify their profits substantially.

The project also features a staking mechanism that enables FXG holders to earn passively, with a portion of broker profits shared with the community.

Currently, the FXG PropFi token is available in Stage 1 of the public presale, offering an entry point at $0.03.

This price is set to increase to $0.10 at launch, presenting a potential ROI of 233%.

Moreover, presale participants are eligible for the Trader Funding Program, where they can showcase their skills in challenges to earn a funded trading account of up to $500,000.

News source:coincodex.com

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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Other articles published on Nov 24, 2024