Crypto News: Investors Are Ditching Ethereum And Dogecoin To Ride FX Guys ($FXG) Into A $500M Market Cap Boom

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Top altcoins like Ethereum (ETH) and Dogecoin (DOGE) have started retracing their recent growth. This has pushed investors in these tokens to shift to fresh tokens with better prospects. Consequently, FX Guys ($FXG), an emerging PropFi token, has quickly made headway during its presale, surging 100% thus far.

Why are Ethereum (ETH) and Dogecoin (DOGE) investors shifting gears to FX Guys ($FXG)? Read on to discover!

Ethereum Spikes 10% in a Week: What’s Coming Next?

Ethereum has performed splendidly over the past week as bulls remain the dominant force in the altcoin market. On October 10, 2024, ETH was trading around $2,346. ETH gained traction the same day after GMX joined Immunefi and the Ethereum Foundation as Blobfish sponsor of the Ethereum protocol Attackathon on Immunefi.

This news saw ETH climb as high as $2,671 on October 15. However, speculative traders started taking profits. As a result, ETH began pulling back. By October 17, Ethereum had stabilized at around $2,591. This price means Ethereum has surged 10% in a week.

However, the 24-hour Ethereum trading volume has plunged 17%, meaning investors are migrating from Ethereum. If this decline continues, ETH will likely continue retracing its growth.

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Dogecoin Surges 16% in a Week: Will Bulls Continue Charging?

Dogecoin has showcased an exceptional performance over the past week. On October 10, DOGE was hovering around $0.1041. Dogecoin continued trading in the green before the pump intensified on October 15. This spike came after DogeExpress announced that it had onboarded a business in Spain to accept DOGE for payments.

This bullish news saw Dogecoin jump as high as $0.1294 on October 16. However, speculative traders started cashing out, and DOGE started correcting downward. By October 17, DOGE had stabilized at around $0.1215. This price means Dogecoin has gained 16% in a week.

Despite these gains, the 24-hour Dogecoin trading volume has plunged 37%. This indicates declining investor interest, which might cause DOGE to erase recent gains.

FX Guys Impresses Investors With DeFi and PropFi Features

With Ethereum and Dogecoin investors searching for alternative investments, FX Guys has emerged as their top pick among DeFi trading platforms.

FX Guys has gained the confidence of these investors because it boasts a unique asset offering comprising crypto, indices, commodities, and forex. This diverse offering gives investors infinite options to adjust portfolios.

However, the most prominent feature of the FX Guys platform is its Trade2Earn program. Most traders struggle to grow their net returns. However, this program rewards investors in $FXG tokens for every trade they complete, profitable or not.

Investors can use the earned crypto to purchase trading benefits or tools to advance their skills and boost profits.

Interestingly, investors with large $FXG holdings do not have to worry about sitting on their tokens, waiting for the value to go up. This is because FX Guys supports staking. As such, investors can lock their $FXG to earn staking rewards, further increasing their returns.

FX Guys has also captured the attention of investors because of its PropFi funding program. This program seeks to help talented traders who lack enough funds to invest in high-potential opportunities.

Specifically, the FX Guys PropFi funding program offers traders that pass the challenge phase up to $200,000 in capital. As traders continue trading and consistently generating profits, FX Guys can scale their capital allocation to $500,000.

$FXG Emerges as a Top Crypto ICO

With Ethereum and Dogecoin consolidating recent gains, investors are flocking to $FXG to hedge against potential losses. Investors are embracing $FXG because its utility within FX Guys positions it for continued value appreciation. Also, investors are rushing to buy $FXG because its presale promises huge returns.

Currently, $FXG tokens are available in Stage 1 of the public presale. Investors can now purchase $FXG at $0.030. This price denotes a 100% surge from the Private Sale Round price of $0.015.

When $FXG attains its launch price of $0.100, the Private Sale Round and Stage 1 investors will realize ROIs of 566% and 233%, respectively.

On top of this, experts expect $FXG to jump meteorically when it launches on top DEXs and CEXs, pushing its market cap to $500 million.