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As the world’s top altcoin, Ethereum (ETH) has a swinging effect on the general crypto market. After its Spot Ether ETF launch, investors moved their ETH from CEXs to safer investment options like staking protocols and cold wallets. Also, Ripple (XRP) investors reacted negatively to Judge Analisa Torres’s recent judgment.
Right now, investors are betting on FXGuys ($FGX) and other newer tokens for massive profit in 2025. Keep reading to see what investors are saying!
Summary
ETH Falls Following Massive Investor Liquidation on CEXs
When the crypto industry is in bear season, big-name cryptos like BTC and ETH tend to take the biggest hits.
Recently, Yahoo Finance analyzed a shocking Ethereum report from CCData. Analysts at CCData are saying Ethereum’s 5% market hold on US centralized exchanges has fallen by 20% since the US SEC approved Spot Ethereum ETFs for sale in July 2024.  Â
During a Coindesk Interview with Jacob Joseph, the CCData research analyst revealed that the liquidity of ETH’s pairs on CEXs has dropped by nearly 45% since its yearly high in June. However, Joseph also noted that this trend could be an effect of the slowed trading activity in the summer and unfavorable market conditions in the wider crypto space.
With Ethereum investors exploring staking options, Ether ETFs, DEXs, and cold wallets for their tokens, ETH expectedly recorded a price dip in early September. On September 1, ETH sold for $2,478. A week later, ETH lost 7.66% and fell to $2,287. Like 2023, 2024 may deliver another end-of-the-year rally, and ETH will likely trade above $3,000 if that happens.
FXGuys is Set to Upgrade the Trading Game Across the World
FXGuys is a custom-built DeFi trading protocol driven by the community that is designed to improve and simplify your trading strategy. On FXGuys, experienced traders can boost their trading careers by leveraging the Forex Funding Program to get up to $200,000 in capital. That means FXGuys will fund your trading while you execute and enjoy split profits.
Moreover, thanks to a unique Trade2Earn program, you earn $FXG tokens regardless of the outcome of your trades.
FXGuys will reward you with $FXG tokens for supporting the ecosystem, and you can exchange these tokens for other benefits. Some of these benefits include lower profit targets, increased drawdown limits, valuable trading tools, and more.
FXGuys is currently in its private sale phase, and $FXG is selling for $0.015. In a few days, $FXG will launch Stage 1 of its public sale and sell for $0.03, delivering a 100% return to initial investors.
$FXG tokens will be valuable to smart traders who want to access multiple trading benefits on the FXGuys platform. As a result, smart traders are already stacking $FXG, and you should be, too!
Ripple Continues on its Mission for Global Conquest
On August 30, 2024, Markus Infanger, the senior vice president of RippleX, attended WebX Asia (Asia’s largest crypto conference). Speaking in Tokyo, Markus discussed the growing opportunities for TradFi in the RWA tokenization programs.
Also, the chairman of SBI Holdings, Yoshitaka Kitao, was present at this conference, and he said hello at Ripple’s booth.
Even though Ripple keeps making efforts to expand, regulations and legal tussles from the US keep splitting the token’s focus. Judge Analisa Torres recently asked the company to pay a $125 million fine in early August, per Bloomberg.
As a result, investors stayed bearish, and XRP lost 5.18% in the first week of September. XRP traded for $0.5708 on September 1 and later fell to $0.5306 by September 8.
FXGuys is Set to Join the League of Revolutionary Technologies
With innovative technologies like Claude and ChatGPT leading the AI revolution, FXGuys is looking to be a pioneer in the decentralized trading space.
Once FXGuys takes the lead, we believe $FXG will become one of the most valuable tokens in the crypto industry, and traders who have accumulated $FXG tokens will have a significant head start on the world’s new leading forex trading protocol.
*This article was paid for. Cryptonomist did not write the article or test the platform.