While Ethereum (ETH) and Chainlink (LINK) are showing mixed signals, FX Guys ($FXG) is attracting attention from investors of both tokens with its promise to democratize access to trading. As a result, analysts speculate that this could drive $FXG to substantial heights.
However, the question remains: how high will $FXG rise, and could it become a lasting alternative for the investors of the two top altcoins, ETH and LINK? Read on to find out.
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Why FX Guys is the Future of Decentralized Crypto Trading
It’s no longer news that Ethereum and Chainlink holders are turning their attention to FX Guys, and it is for exciting reasons.
Founded by a group of active traders in 2017, FX Guys is a multi-asset trading platform that aims to establish an ecosystem that will help people like you trade confidently.
FX Guys has a clear vision: to remove barriers for traders everywhere. Many skilled individuals lack access to the capital needed to succeed. FX Guys provides trading capital, advanced tools, and firm support, focusing on creating opportunities for all, regardless of their background.
Regarding staking and profit sharing, FX Guys outperforms most trading platforms. By staking your $FXG tokens, you can earn rewards and receive up to 20% of the annual profit generated from trading volume. This approach allows you to grow your investment while supporting the platform.
With FX Guys, every trade earns you $FXG tokens through the Trade2Earn program. You accumulate tokens for trading perks, discounts, or additional capital, whether you win or lose.
And the exciting part? You can also exchange your tokens to participate in trading challenges, giving you the chance to manage a funded account worth up to $500,000!
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Ethereum Foundation Sells ETH: Bearish Signal?
ETH’s price is stable but below $2,800; it needs to close above this level to rise. Investors are optimistic about a potential increase if it holds above the $2,300 support. Currently, ETH trades around $2,630.98, up nearly 7% over the week, with trading volume exceeding $22 billion.
In Q3 2024, Ethereum lagged behind traditional stocks, with the NASDAQ gaining 24% while ETH’s gains were lower. Ethereum’s transaction fees have also dropped to late 2020 levels. The Ethereum Foundation has sold off 1,450 ETH since early September, including 100 ETH recently.
Ethereum shows potential for gains, but recent price increases need confirmation. Sellers currently dominate, though some traders may buy on dips. Currently, many are waiting for precise ETH price movements above $2,800 or below $2,100, while others are choosing more promising alternatives.
LINK Flashes Bearish Signals: $8 Price Target Looms.
Chainlink has seen some slight gains recently, with its price up 7.8% this month and 7.7% this week. However, at a current price of $10.64, technical indicators, like the MACD, suggest that LINK sellers, according to last week’s analysis, are becoming more powerful.
Similarly, Stochastic RSI shows LINK is oversold. While being oversold doesn’t always mean a price rebound is coming, it raises the chance of further declines, potentially down to $8, despite hopes for a more robust fourth quarter for cryptocurrencies.
On-chain data shows that 86% of active Chainlink addresses are “Out of the Money,” with only 3% profit and 10% breaking even. This widespread loss may prompt selling to limit further losses. Consequently, the short-term outlook for LINK suggests a likely decline, with a drop to $8 appearing probable.
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Don’t Miss Out On the FX Guys Presale!
All eyes are currently on FX Guys as its public presale makes fantastic progress. In Stage 1, $FXG tokens are priced at just $0.03, allowing investors to acquire enough tokens quickly before their anticipated mega rally.
With over 97 million tokens sold and 67.84% remaining before the price rises to $0.04, now is the time to act.
The projected ROI for $FXG tokens is impressive, with estimates suggesting returns could exceed 1000x as demand grows. The total supply is 835 million tokens, with 35% for public sale and 17% for staking and rewards, thus ensuring sustainable demand and value retention, especially when $FXG finally skyrockets after launch.
To find out more about FX Guys follow the links below:
Website | Whitepaper | Socials | Audit
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