Bitcoin’s (BTC) price has slowed this weekend, failing to capitalize on its resurgent momentum from October 4. The flagship crypto has reflected about a 5% decline in the past week, moving around the $62,500 price level. FXGuys ($FXG) is a broker-backed crypto prop firm whose presale is going at an unprecedented pace, selling over 76 million $FXG tokens already.Â
FXGuys offers real-world use cases and lucrative rewards, so retail investors are flocking to this unique project. FXGuys will let users get funded, invest, trade, and earn in one platform with many advanced features. This article covers why the FXG cryptocurrency ICO is seeing skyrocketing enthusiasm amid the BTC price decline.
Bitcoin’s (BTC) Price Lags Under STH Realized Price
Recent on-chain data suggests that the price of Bitcoin might continue to perform sluggishly as short-term holders (STH) remain under pressure. On social media platform X (formerly Twitter), crypto analyst Ali Martinez revealed $63,000 as the realized price for Bitcoin STH. For context, this realized price is a metric that measures the average price at which short-term investors purchased their BTC.
When Bitcoin’s spot value is higher than the short-term holders’ realized price, it indicates that most recent investors are in the green. On the other hand, a fall beneath the STH realized price implies that most short-term holders are in unrealized loss. In this scenario, some investors may look to cut their losses by offloading their holdings, leading to downward pressure on price and further sell-offs.
As of writing, Bitcoin’s price sits around $62,500, down by about 5% in the past week. It stood above $66,000 last Sunday, but it first nosedived to $63,000 and saw a few price dips below the coveted $60,000 level on Thursday.Â
Retail Investors Show Enthusiasm For FXGuys ($FXG) Amid Bitcoin Price DeclineÂ
Bitcoin’s (BTC) price value going lower than its STH realized price somewhat influenced retail investors to be cautious and have a broad range of DeFi investments. On that front, FXGuys, which has real-world utility, a solid presale track record, and a growing community, is one of the best cryptocurrency investments for 2024. The project is now in the public sale phase, trading at $0.03, and buyers have scooped up over 76 million $FXG tokens.
The FXGuys cryptocurrency ICO is a chance to get in on the ground floor of a project poised to explode. With each passing stage, the opportunity to get in at the lowest price point is slipping away. Once the token hits public exchanges, the price will surge to at least $0.1, making now the perfect time to buy into $FXG.Â
FXGuys ($FXG) Fuses TradFi, DeFi, and PropFi In One PlatformÂ
FXGuys is a prop firm ecosystem that bridges traditional finance (TradFi) and decentralized finance (DeFi) systems. Its unique trading platform allows users to trade across multiple asset classes, including cryptocurrencies, forex, indices, and commodities. By encouraging constant trading activity through its Trade2Earn model, this DeFi project ensures high user engagement and demand for its native token, $FXG.
Unlike many other crypto projects that impose transaction fees on buying and selling, FXGuys has a no-buy-or-sell tax policy. This approach means traders can maximize their profits without worrying about losing a percentage of their gains to transaction fees. This feature alone is a major draw for investors looking for a cost-effective trading platform.
Conclusion
Bitcoin’s price slowed down this week, recording a 5% decline. Retail investors are observing and watching out for novel DeFi projects to diversify their portfolios. With stellar investor interest and the promise of huge gains, FXGuys is on track to become one of the best cryptocurrency projects in 2024.Â
Its PropFi platform combines the dependability of traditional systems with DeFi features. It is impressive how quickly FXGuys sold out its private round in a few weeks. To participate in this blockchain journey, join the public presale round via the link below.
To find out more about FXGuys follow the links below:
Website | Whitepaper | Socials | Audit
