The crypto market has started showing bullish signs, while Bitcoin (BTC) briefly showcased signs of plunging below $50,000. With Bitcoin struggling to find stable ground, DeFi coins like SUI and FXGuys ($FXG), an upcoming Ethereum token, are enjoying an influx of investors due to their green charts.
But why are SUI and FXGuys showing bullish signs as Bitcoin and most of the altcoin market remain in the red? Read on to find out!
Bitcoin Slumps 5% in a Week: Will Bulls Resume Soon?
Bitcoin has showcased a weak performance over the past week, which has exerted pressure on the broader crypto market. That’s why many other top crypto coins followed suit after BTC’s fall from grace below the $50,000 mark.
On September 2, 2024, BTC was changing hands at around $58,415. After trading above this level for two days, BTC started plunging on September 4 after Fidelity sold 2,812 BTC before dumping an additional 1,586 BTC on September 7. These sales triggered massive FUD about Bitcoin tumbling below $50,000.
This FUD saw BTC trade as low as $53,653 on September 8 before recovering partially. By September 9, Bitcoin had stabilized at around $55,360. This price means BTC has shed 5% in a week.
Amazingly, the 24-hour Bitcoin trading volume is up 45%, indicating investors are returning to the market due to bullish signs. This might likely see BTC recover its recent losses and pump further.
SUI Climbs 17% in a Week: More Gains Coming?
SUI has performed decently over the past seven days. On September 2, 2024, SUI was hovering around $0.78. SUI showcased bullish signs on September 3 after SUI announced that SuiPlay0x1 had leveled up by partnering with XOCIETY and DARKTIMES to elevate the experience of gamers on the SUI network.
This bullish news saw SUI climb as high as $0.98 on September 8 before experiencing a slight retracement. By September 9, SUI had leveled off at around $0.92.
This price movement represents a 17% weekly surge. While the 24-hour SUI trading volume is down 2%, crypto market analysts expect the token to continue pumping as more gamers join the SUI network.
FXGuys Prepares to Revolutionize the DeFi Sector!
FXGuys, an upcoming DeFi platform, is looking to disrupt the DeFi sector by building a comprehensive ecosystem that boasts a news portal, training and education academy, prop trading program, and a cutting-edge custom platform.
Through these features, FXGuys aims to simplify the way investors trade various crypto and TradFi assets.
Notably, the FXGuys platform boasts a unique offering that requires traders to pass a challenge phase by showcasing their trading prowess. Traders who pass this phase can get up to $500,000 in real capital to boost their trading experience. Amazingly, traders can get these benefits without having to submit KYC information.
Interestingly, FXGuys also features a Trade2Earn program, which rewards traders for all trades they execute. The platform rewards investors in its native token, $FXG, regardless of whether the trades are profitable. Moreover, traders can use their $FXG tokens to unlock benefits like lower profit targets and increased drawdown limits.
It is worth noting that FXGuys only takes 20% of $FXG profits and splits the remaining 80% among traders. Furthermore, traders can raise their share of the profit split by growing their accounts to generate more profits. These perks explain why $FXG has maintained bullish signs despite fears of Bitcoin slumping below $50,000.
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$FXG Showcases Bullish Signs Despite Being in Its Pre-Sale!
The FXGuys platform is generating massive hype because of its utility token, called $FXG. $FXG is an Ethereum-based token with a maximum supply of 835 billion tokens. Through $FXG, traders can vote, access trading discounts and rewards, and purchase trading challenges.
This utility within FXGuys helps $FXG get long-term viability for sustainable growth, explaining why it is showcasing bullish signs despite being in the early stages of its presale.
On a side note, $FXG has also emerged as an alluring investment because Solken, a trusted auditing firm, audited the token’s smart contract, ensuring that $FXG is safe to invest in.
As of September 2024, $FXG is in the private sale phase of its presale, and each token is going for $0.015. This price is set to increase to $0.030 when $FXG enters Stage 1 of its public presale. By soaring to $0.030, $FXG will have generated a 100% ROI for investors who join now. This ROI is set to climb to 566% when $FXG soars to its listing price of $0.1.
This projected surge explains why $FXG is the best DeFi token to purchase now for a lucrative investment experience!
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