Amid a drop in Bitcoin whale transactions, crypto investors are turning to top altcoins like Sui (SUI), which boasts a $3.60 Q4 target. Additionally, a new Prop trading platform comes to the limelight, offering innovative features and a token presale with impressive returns for backers.
Crypto investors are turning to top altcoins like Sui (SUI) and a new Prop trading platform amid a drop in Bitcoin whale transactions. Here's why these assets are catching the attention of investors despite a wealth of other options in the market.
Bitcoin whale transactions have seen a decline compared to their peak in March 2024, according to Santiment's analysis. However, this decrease in activity is not necessarily a bearish signal, as whales are known for being active in both bull and bear markets.
The key stakeholders and whales may be waiting for the perfect moments of extreme market sentiment, driven by greed or fear, to make their next big moves. Currently, the crypto market sentiment is in fear, with a Fear & Greed Index score of 31.
Despite the decline in activities by whales, BTC has been up by 0.90% since August 17 and is currently trading around $59,617. Some investors and experts view this as a potential buying opportunity.
Despite the market sentiment and a drop in Bitcoin whale transactions, many crypto investors remain focused on Bitcoin's long-term fundamentals. Here's a closer look at SUI and the new altcoin that's making waves in the crypto market.
SUI Price Target for Q4 Set at $3.60 Amid Bullish Momentum
SUI has been gaining momentum in the crypto market recently, with a Q4 price target of $3.60 as bullish sentiment continues to grow. A trader has been calling for a rise in SUI's value for weeks and expressed surprise at how well the token's price has held despite market fluctuations.
The token's growth in the past months is driven by its defi ecosystem, which has seen a significant increase in innovation, adoption, and development. Furthermore, Sui's scalability and low transaction costs have attracted developers and users from different sectors of the crypto space, fueling demand for its native token, SUI.
The Grayscale Sui Trust launch on September 12, 2024 also played a role in boosting SUI's bullish momentum by drawing the attention of crypto investors to the Sui ecosystem.
As SUI is currently trading at $1.06, the network's combination of robust blockchain infrastructure and expanding DeFi use cases positions it as one of the top picks for crypto investors and traders amid a drop in Bitcoin whale transactions.
FXGuys: A PropFi Trading Platform With Outstanding Features
FXGuys, a decentralized proprietary trading broker, is changing the narrative in the trading community with its innovative PropFi trading approach.
The platform provides traders with a wide range of tools, from analytics to social trading, designed to enhance their experience. With a powerful Trading Funding Program, which gives traders access to over $200,000 in trading capital, FXGuys has gained attention from traders across the crypto space.
This rare initiative aims to empower traders of all skill levels to improve their strategies and grow profits, all while earning on the platform.
A key attraction of FXGuys is its utility token, $FXG, which can be earned through the platform's Trade2Earn program. Traders can earn $FXG simply by trading, regardless of the outcome of their trade. $FXG token fits into the FXGuys ecosystem with its several use cases, including access to trading discounts, voting rights, and the ability to purchase trading challenges.
$FXG token is available for purchase in its ongoing private sale phase, with over 66.8 million tokens up for sale at $0.015 each. Investors who purchase $FXG tokens now stand to benefit from a predetermined 566% return, with the token's launch price projected to reach $0.10.
With an experienced team and liquidity locked, FXGuys provides an added sense of security for investors. The platform has also undergone a full audit by Soken and SolidProof, ensuring trust and transparency.
As FXGuys continues to gain momentum and we see a drop in Bitcoin whale transactions, market experts are bullish on $FXG's potential, marking it as a top pick for crypto investors and traders.
Top Reasons to Invest in $FXG Token for Crypto Investors
Crypto investors who have yet to purchase the $FXG token should consider its promising potential, with a current private presale price of $0.015 and a determined launch price of $0.10, offering a 566% return on investment.
$FXG serves other important roles on the FXGuys platform, like providing access to trading discounts, voting rights, and more within a secure, audited platform.
With $FXG's strong features and substantial trading capital offerings, it represents a compelling opportunity for those looking to capitalize on innovative DeFi and PropFi trading solutions.
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