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Cryptocurrency News Articles
FXGuys ($FXG) Presale Surges 100% as Investors Await the Outcome of the Coinbase vs. SEC Case
Oct 11, 2024 at 08:00 pm
There has been a lot happening in the crypto market over the past week. For example, Coinbase and the US SEC escalated their legal battle over crypto regulations.
Coinbase and the US Securities and Exchange Commission (SEC) are locked in a legal battle over crypto regulations, and analysts believe this case could trigger a rally for BNB and FXGuys ($FXG). Here's why:
Coinbase vs. SEC Case: A Deeper Look
Coinbase has accused the SEC of failing to create appropriate rules for the crypto industry, arguing that the current framework is ill-suited. On the other hand, the SEC maintains that the existing regulations are sufficient.
This case stems from the SEC's rejection of Coinbase's 2022 petition, which called for the creation of new rules to govern the crypto space.
According to Coinbase, these rules are crucial for the growth of the crypto sector, as their absence creates operational challenges. However, the SEC argues that it is not obligated to prioritize crypto-specific rules.
While federal courts have acknowledged the SEC's authority to prioritize rulemaking, they have questioned the agency's low priority for the crypto sector, given its increasing significance.
In a recent development, the SEC has requested an additional four months to produce legal documents in its case against Coinbase. This request aims to extend the submission deadline from October 18 to February 2025.
BNB Surges 8% in a Week: What's Driving the Rally?
Amidst the ongoing Coinbase vs. SEC case, BNB has been rallying alongside the broader altcoin market. On September 18, 2024, BNB was trading at approximately $544.26.
BNB gained momentum on September 19 as Bitcoin (BTC) reclaimed the $63,800 mark, triggering a rally in altcoins. This rally intensified after BNB Chain announced plans to integrate with Telegram.
As this news spread, BNB rallied to highs of $615.72 on September 23. By September 25, BNB had stabilized at around $588.38.
At this price, BNB has seen an 8% gain in a week. While BNB's 24-hour trading volume has decreased by 7%, analysts believe that BNB Chain's integration with Telegram will continue to fuel BNB's bullish trend.
FXGuys: A Revolutionary Platform for Crypto and TradFi Trading
As the crypto market rallies, investors are turning to innovative DeFi platforms to diversify their portfolios with promising altcoins. Among these platforms, FXGuys, an upcoming DeFi and PropFi ecosystem, has captivated investors by merging crypto and TradFi asset classes like commodities, equities, forex, and indices.
Moreover, FXGuys has attracted investors with its groundbreaking Trade2Earn program, which incentivizes trading by rewarding traders with $FXG, the native utility token of the FXGuys ecosystem. Notably, FXGuys rewards traders for all trades, irrespective of profitability.
FXGuys has also made strides in the DeFi sector with its funding program, which provides gifted traders with capital to fund their trading strategies in the realm of altcoins and traditional finance assets. However, traders must pass FXGuys' challenge phase to qualify for funding.
Traders who successfully complete the challenge phase can initially receive up to $200,000 in capital. By completing profitable trades and growing their trading accounts, traders can increase the capital they receive, scaling it up to $500,000.
$FXG Outshines Top Altcoins During Its Presale
As the crypto market anticipates the outcome of the Coinbase vs. SEC case, investors are actively seeking new, high-potential altcoins to acquire. This demand has propelled $FXG to remarkable gains during its public presale.
Another factor contributing to $FXG's success is its limited supply of 835 million tokens, which enables sustainable long-term growth.
Throughout September 2024, $FXG is progressing through Stage 1 of its public presale, during which the token is priced at $0.030. Notably, this price marks a 100% increase from the Private Sale Round price of $0.015.
When $FXG reaches its launch price of $0.100, Private Sale Round investors will enjoy a 566% ROI, while Stage 1 investors will realize a 233% ROI.
Furthermore, analysts predict that $FXG will skyrocket after launching on top exchanges, making it one of the best cryptos to buy now.
To learn more about FXGuys, follow the links below:
Website | Whitepaper | Socials | Audit
Exclusive FXGuys Promo Code:
USE PROP10 FOR 10% BONUS
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