Unsure of the next course of action due to a broader market downturn, enthusiasts of PEPE and Toncoin (TON) crypto markets are looking for viable alternative investment strategies to avoid losses.
Getting to market is the FXGuys ($FXG)a decentralized forex academy that is taking the market by storm with its great features and impressive presale returns. Read on as we discuss this new project further!
PEPE drops 7% amid broader market decline
In August 2024, Pepe experienced a significant price drop, due to deteriorating investor confidence in the meme project.
This market downturn has been attributed to fear in the general crypto market, with investors and holders fearing losses from holding it. This fear of incurring losses has caused traders and holders to refuse to trade in the ecosystem.
This fear has caused PEPE to decline 7.44% since moving from $0.00000845 to $0.000007 between August 10 and September 9. Additionally, PEPE also saw a drop in its trading volume, from $540.77 million to $508.49 million.
These price movements have led experts to predict the possible emergence of events for the price of PEPE as they foresee PEPE taking a bullish turn towards $0.0000022 by October 2024.
TON rises during the recovery of the market after Pavel Durov’s statement
Toncoin’s native token, TON, has seen a remarkable revival in the cryptocurrency market, rising nearly 13.9% in just three days, following the first time Telegram CEO Pavel Durov public statement since his arrest on August 24, 2024.
Durov, who was detained in France for four days, expressed gratitude for the support he received from various communities and criticized the approach to holding CEOs accountable for third-party activities on their platforms.
Furthermore, Pavel Durov highlighted the challenges of balancing privacy and security while adhering to Telegram’s mission to protect users’ rights, especially in authoritarian regimes.
Durov’s statement appears to have fueled renewed confidence in Toncoin despite the market decline price increase of altcoin. Statistics in the chain such as the divergence of daily active addresses (DAAs) and increased derivatives activity suggest that the TON rally is supported by growing demand.
Interestingly enough, analysts predict that TON could continue its upward momentum and possibly reach $5,004 as market sentiment shifts positively.
$FXG: New Ethereum Token is Taking the Market by Storm
FXGuy, a new name in the Ethereum ecosystem, is already gaining popularity in the DeFi space, offering a unique decentralized trading platform that combines advanced security, real capital, and cutting-edge technology.
As a decentralized forex platform, FXGuys empowers traders by providing them with access to $200,000 in trading capital to trade and expand their strategies. One of the best features of FXGuys is its Trade2Earn model, which rewards traders like me with $FXG tokens for every trade they make, whether it’s a win or a loss.
$FXG, an ERC-20 token, can be used to redeem various benefits such as paying off platform fees, purchasing funding challenges, and unlocking the rights to participate in voting for the benefit of the ecosystem.
Currently, FXGuys is in the private presale phase, with $FXG tokens priced at $0.015 and a circulating supply of 66.8 million tokens. Early investors who buy in the private presale phase have a unique opportunity to make more than 100% profits as the token is expected to reach $0.03 during phase 1 of the public presale in the next ten days.
Furthermore, despite a broader market decline, $FXG is expected to rise 566% when the token launches at a predetermined price of $0.10 at the end of the public presale.
What sets FXGuys apart?
FXGuys is more than just a trading platform; With a controlled smart contract from Soken, it aims to improve traders’ experience on the platform and maximize traders’ profits.
The standout feature is the FXGuys Forex Financing program, which gives merchants access to financing to help the merchant grow. From financing to unprecedented profits, FXGuys provides everything you need to thrive despite a wider market downturn!
Disclaimer: This is a paid post and should not be treated as news/advice
