On-chain data has spotlighted a liquidity rotation trend from Ethereum (ETH) and Cardano (ADA) investors into FXGuys ($FXG), a PropFi token. FXGuys is a prop trading company whose token has been gaining traction lately among ETH and ADA investors. These investors believe $FXG is the best DeFi coin to invest in because of its profit potential.
Here, we will examine the reason investors are shifting from ETH and ADA to $FXG!
Ethereum’s ETH Drops to $3,300 as Crypto Liquidation Skyrockets
On November 26, 2024, Ethereum’s ETH fell 5% to $3,300 as Bitcoin crashed to $93,000. This crash comes as leverage tumbled and saw $95 million liquidated from the crypto market, mainly impacting long traders.
Amid the drop, Ethereum saw its Open Interest rise above $20 billion for the first time. Then, its stablecoin market cap surpassed $100 billion, per DeFiLlama, exceeding TRON’s $58 billion.
Last week, the US Spot Ethereum ETF recorded substantial outflows amid the market-wide uptrend, turning the data negative. However, it became positive over the last two days as inflows returned. Ethereum’s ETH dropped 4.33% to $3,322 within 24 hours.
Charles Hoskinson Says Cardano Will Bring DeFi to Bitcoin
Charles Hoskinson, the founder of Cardano, revealed that he would introduce DeFi to Bitcoin through Cardano. While recounting his experiences with the premier cryptocurrency, Hoskinson stated that his refreshed interest in Bitcoin stems from being able to receive its design and broaden its horizons.
Hoskinson wants to create a decentralized ecosystem where users can interact with dApps directly with Bitcoin. He believes this will ease things for users while incorporating new features into Bitcoin’s existing lineup.
In an X post on November 26, 2024, Hoskinson acknowledged Bitcoin’s uniqueness: “There is only one Bitcoin.” He also emphasized the need to stick to Bitcoin’s original ethos during the development of its ecosystem.
Cardano’s Babel fees will be used for this initiative, allowing users to pay transaction fees with any cryptocurrency. But due to the market-wide decline, ADA dropped to $0.92, losing 6.42% of its market value. That’s why ADA holders are moving funds to the $FXG presale for better returns!
FXGuys Launches Prop Trading Company to Redefine the DeFi Landscape
FXGuys is an emerging prop trading company within the DeFi landscape aiming to provide tradable assets and liquidity access. Due to its proprietary nature, users can receive real capital to trade assets from different sections of the financial market, such as crypto, equities, FX, and stocks.
To simplify the process, users will take a series of tests to gauge their trading abilities. Then, those who pass these tests will receive up to $500,000 in trading capital. The FXGuys Trader Funding Program will democratize access to the trillion-dollar financial market.
The FX Guys platform also rewards traders for every trade regardless of their outcomes. After executing a trade, a certain amount of $FXG token will be deposited into the trader’s wallet. They can either be staked or used to access more perks on the platform.
Staking $FXG PropFi tokens is an avenue to generate passive revenue. Almost 20% of FXGuys’ amassed profits annually will be shared among stakers. In addition, they will be recognized as top ecosystem members and allowed to vote.
The $FXG DeFi Coin Presale is On: Should You Buy This PropFi Token?
Due to FXGuys’ impressive features, ETH and ADA investors believe the $FXG PropFi token could be the best crypto investment option right now. Recording notable presale gains has added to this bullish outlook.
$FXG has delivered over 166% gain to early presale investors as its price rallied from $0.015 to $0.040. Now in Stage 2 of its presale, experts anticipate another 150% increase to its launch price of $0.10.
Experts also believe the token might rise significantly after its exchange debut. If this happens, the best time to invest in the $FXG PropFi token would be now. So, don’t hesitate to buy $FXG immediately.
To find out more about FXGuys follow the links below:
Presale | Website | Whitepaper | Socials | Audit
