On-chain data highlights trends in liquidity rotation from Ethereum (ETH) and Cardano (ADA) investors to PropFi token FXGuys ($FXG). FXGuys is a prop trading company whose tokens have recently gained attention among ETH and ADA investors. These investors believe that $FXG is the best DeFi coin to invest in due to its income potential.
Here we will examine why investors are shifting from ETH and ADA to $FXG!
>>>Buy $FXG token here<<
Ethereum's ETH drops to $3,300 due to surge in cryptocurrency liquidations
On November 26, 2024, Ethereum's ETH fell by 5% to $3,300 as Bitcoin crashed to $93,000. The crash occurred as leverage declined and $95 million was liquidated from the cryptocurrency market, primarily affecting long traders.
Amid the decline, Ethereum's open interest exceeded $20 billion for the first time. Since then, the stablecoin's market capitalization has exceeded $100 billion, surpassing TRON's $58 billion, according to DeFiLlama.
Last week, the US Spot Ethereum ETF recorded significant outflows amid an overall market uptrend, with the data turning negative. However, it turned positive in the past two days as inflows returned. Ethereum ETH fell by 4.33% to $3,322 within 24 hours.
Charles Hoskinson says Cardano will bring DeFi to Bitcoin
Cardano founder Charles Hoskinson has announced that he intends to bring DeFi to Bitcoin through Cardano. While recounting his experience with this premier cryptocurrency, Hoskinson said his renewed interest in Bitcoin stemmed from his ability to embrace its design and expand its horizons.
Hoskinson wants to create a decentralized ecosystem where users can interact directly with dApps using Bitcoin. He believes this will ease the burden on users while incorporating new features into Bitcoin's existing lineup.
In a post on X on November 26, 2024, Hoskinson acknowledged Bitcoin's uniqueness, saying, “There's only one Bitcoin.” He also emphasized the need to adhere to Bitcoin's original spirit in the development of the ecosystem.
Cardano's Babel fees will be used for this effort, allowing users to pay transaction fees in any cryptocurrency. However, due to the overall market decline, ADA fell to $0.92, losing 6.42% of its market value. That's why ADA holders are moving their funds to $FXG presale for better returns.
>>>Buy $FXG token here<<
FXGuys launches prop trading company to redefine DeFi landscape
FXGuys is an emerging prop trading company within the DeFi environment that aims to provide access to tradable assets and liquidity. Its unique nature allows users to receive real capital to trade assets from different sections of the financial market such as cryptocurrencies, stocks, FX, stocks, etc.
To simplify the process, users undergo a series of tests to measure their trading ability. And those who pass these tests will receive trading funds of up to $500,000. The FXGuys Trader Funding Program democratizes access to multi-trillion dollar financial markets.
The FX Guys platform rewards traders for every trade, regardless of the outcome. After executing a trade, a certain amount of $FXG tokens will be deposited into the trader's wallet. These can be staked or used to access further perks on the platform.
Staking $FXG PropFi tokens is a way to generate passive income. Approximately 20% of the profits that FXGuys accumulates each year are distributed among the stakers. Additionally, they are recognized as top members of the ecosystem and are allowed to vote.
$FXG DeFi Coin Presale Now On: Should You Buy This PropFi Token?
Due to FXGuys' impressive features, ETH and ADA investors believe that the $FXG PropFi token could be the best crypto investment option right now. Significant pre-sale gains also add to this bullish outlook.
The price of $FXG rose from $0.015 to $0.040, delivering a gain of over 166% to early pre-sale investors. Currently in stage 2 of pre-sale, experts predict the launch price of $0.10 to increase by another 150%.
Experts also believe that the token could rise significantly after its exchange debut. If this happens, the best time to invest in $FXG PropFi token would be now. So, don't hesitate and buy $FXG right away.
Click the link below to learn more about FXGuys.
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