The PropFi Token FXGuys ($FXG) is Looking to Break into Mainstream Decentralized Finance

The future begins now, and while we have heard several predictions of a trend becoming the future of cryptocurrency, very few have stayed relevant

The PropFi token FXGuys ($FXG) has shown great potential in the cryptocurrency market, attracting the attention of Dogecoin (DOGE) and Ethereum (ETH) whales. Now in its public presale Stage 1, the $FXG token is available for $0.03.

As the presale progresses, the price of $FXG will increase in the following stages. Currently trading at $0.106, Dogecoin has shown signs of bearishness despite an increase in trading volume. On the other hand, ETH whales are experiencing outflows from both the token charts and ETFs, putting pressure on the token price.

Sell-off Could Send Ethereum to New Support Levels

The sell-off in the cryptocurrency market has hit Ethereum (ETH) hard, with ETH users now experiencing outflows from both the token charts and the Ethereum ETFs.

The outflows began on October 5, 2024, and have not let up since. Both the token charts and the Ethereum ETFs have been seeing outflows, and this has put a lot of pressure on the ETH price.

The Ethereum ETFs have been a sore topic with investors, considering their sub-par performance. On Tuesday, October 7, the ETFs saw outflows of $8.1 million, and the token has taken the fall for it. Now that the amount of ETH in exchanges is rising, the token risks falling to even lower depths.

FXStreet predicts a likely fall to $2,200, as the Ethereum price has tested the expected support at $2,395. We also have an idea of where the whales might be headed, as derivatives contracts are also liquidating at the moment, with ETH trading at about $2,382.

Limited Capital is Not a Problem With FXGuys Anymore!

If you’re a trader with small capital and an inability to go very high up in the financial markets, then FXGuys is saying goodbye to those issues.

The FXGuys platform offers the complete suite of crypto experiences, from being a member of a vibrant community to token burning, but the PropFi feature is where the attraction is.

FXGuys is introducing a new trading system in which investors—those with capital but no trading expertise—offer their capital to traders who clearly have the skills but lack the capital.

As a trader, you can then use your newfound capital to access higher market positions than you would normally trade at. The higher the capital/equity, the better the leverage you can access.

But how will the competent traders be selected? The challenge phase will involve simulation trading, where traders who meet the specific objectives will be picked from a pool of interested traders.

The selected traders could manage portfolios worth $200,000 on FXGuys, after which traders split the profits 80/20. As a trader, you will get to keep 80% of the share while the platform retains only 20%.

The $FXG DeFi coin is currently selling hot during its ongoing presale. Experts are also bullish on its future growth potential after witnessing the rising demand for its DeFi coins and high-end features.

The Dogecoin Price Falls Despite a Rise in Its Trading Volume

The past 24 hours have not been kind to the DOGE price, which dropped some 2.5% in value—an uncharacteristic deviation from its previous bullish trend.

Meme coins are typically erratic, but Dogecoin is only ever controlled by its whales and Bitcoin. However, the whale activity on the token charts this time hasn’t yielded much for Dogecoin.

There’s been an uptick in trading volume on the Dogecoin network, up to 16.41%, even though technical analysis shows significantly bearish trends. The Elliot Wave structure on Dogecoin is a strong bearish sign, as the structure indicates a corrective phase for the DOGE token.

Dogecoin is currently worth $0.106, and an immediate reversal to the greens is not likely.

Get the Trading Edge With the New DeFi Coin, $FXG!

The presale is a chance to get your tokens cheap on FXGuys, and even more so now that the $FXG has only recently concluded its private sale round. The $FXG public presale is currently in Stage 1 at $0.03.

The DeFi coin will likely launch at $0.10, representing a 233% price increase from its Stage 1 price. This means that Stage 1 investors are guaranteed to receive exceptional gains in the next few months.

You can take advantage of this profit potential by jumping on the project before the price goes up in the following stages of the presale. Joining the presale is easy. Head to the FXGuys website and set yourself up for maximum gains in the next bull run!

To find out more about FXGuys follow the links below:

Website | Whitepaper | Socials | Audit

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