Uncertain of the next step of action due to a broader market downturn, PEPE and Toncoin (TON) crypto market enthusiasts are looking for viable alternative investment strategies to avoid losses.
Coming into the market is the FXGuys ($FXG), a decentralized forex academy that is taking the market by storm with its amazing features and impressive presale returns. Read on as we discuss this new project further!
PEPE Declines by 7% Amid Broader Market Downturn
In August 2024, Pepe experienced a substantial decline in its price, reflecting investors’ deteriorating confidence in the meme project.
This market downturn movement is attributed to the fear in the general crypto market, with investors and holders afraid of incurring losses from holding. This fear of incurring losses has caused traders and holders to refuse to trade in the ecosystem.
This fear has seen PEPE decline by 7.44% since moving from $0.00000845 to $0.000007 between August 10 and September 9. Furthermore, PEPE also saw a decline in its trading volume, moving from $540.77 million to $508.49 million.
These price movements have led experts to predict the possible turnout of events for PEPE’s price, as they foresee PEPE taking a bullish turn towards $0.0000022 by October 2024.
TON Surges Amidst Market Rebound Following Pavel Durov’s Statement
Toncoin’s native token, TON, has seen a remarkable rebound in the cryptocurrency market, rising nearly 13.9% within just three days, following Telegram CEO Pavel Durov’s first 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 across various communities and criticized the approach of holding CEOs accountable for third-party activities on their platforms.
Moreover, Pavel Durov emphasized the challenges of balancing privacy and security while adhering to Telegram’s mission of protecting users’ rights, particularly in authoritarian regimes.
Durov’s statement appears to have sparked renewed confidence in Toncoin despite the market downturn, with the altcoin’s price surging. On-chain metrics such as daily active address (DAA) divergence and increased derivatives activity suggest that the TON rally is supported by growing demand.
Interestingly, analysts predict that TON could continue its upward momentum, potentially reaching $5.004, as market sentiment shifts positively.
$FXG: New Ethereum Token Taking the Market By Storm
FXGuy, a new name in the Ethereum ecosystem, is already gaining traction 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 access to $200,000 in trading capital for trading and growing 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 is a win or a loss.
$FXG, a utility 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 its private presale phase, with $FXG tokens priced at $0.015 and a circulating supply of 66.8 million tokens. Early investors who buy into the private presale stage have a one-of-a-kind opportunity to earn over 100% profit, as the token is expected to reach $0.03 during Stage 1 of its public presale in the next ten days.
Furthermore, despite a broader market downturn, $FXG is projected to soar by 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 an audited smart contract by Soken, it is committed to improving traders’ experience on the platform as well as maximizing traders’ profits.
Its standout feature is the FXGuys Forex Funding Program, which grants traders access to funding to help the trader grow. From funding to unprecedented gains, FXGuys is offering everything you need to thrive despite a broader market downturn!
Disclaimer: This is a paid post and should not be treated as news/advice
