After rallying since mid-September, the crypto market started October with bears on the front foot. As a result, top crypto coins like Ripple (XRP) and BNB have partially erased their gains. This lackluster performance explains why a Web3 expert recommends investing in FXGuys ($FXG), a multi-asset platform that has showcased immense growth potential.
Why are XRP and BNB bleeding as $FXG continues pumping? Continue reading to find out!
XRP Dumps 1% in a Week: Is a Rebound Imminent?
XRP has given into the renewed bearish trend in the crypto market. On September 25, 2024, XRP was changing hands at around $0.5859.
XRP proceeded to trade sideways for three days before finally catching up with the rest of the altcoin market in mimicking the price movement of Bitcoin (BTC), which breached $66,000 and pumped further.
This bullish trend saw XRP jump as high as $0.6606 on September 29 before starting to retrace its growth. XRP had stabilized at around $0.5748 as of October 2. This price represents a 1% weekly drop.
Also, the 24-hour XRP trading volume has dipped by 22%, indicating Web3 investors are shifting from this altcoin. This will likely exacerbate XRP’s slump.
BNB Slides 7% in a Week: Will The Bearish Force Intensify?
Similar to XRP, BNB has bled noticeably over the past seven days. On September 25, 2024, BNB was trading around $588.96.
BNB gained momentum the same day after BNB Chain launched the Gas-Free Carnival, allowing Web3 investors to transfer stablecoins without paying gas fees. This news saw BNB soar as high as $616.13 on September 29.
However, Bitcoin’s retracement took a toll on the altcoin market, and BNB was no exception. By October 2, BNB had erased its gains before stabilizing at around $544.16. This price means BNB has shed 7% in a week.
Moreover, the 24-hour BNB trading volume has plummeted 9%, showcasing declining investor interest, which might fuel further losses.
FXGuys’ Multi-Asset Platform Takes Over the Web3 Sector
With XRP and BNB plunging, investors have migrated to FXGuys to hedge their portfolios against further losses. FXGuys has emerged as the go-to trading platform for Web3 investors because it supports a unique blend of assets, including commodities, indices, crypto, and equities.
This robust offering allows investors to diversify their portfolios, protecting their investments against unforeseen market crashes. Moreover, FXGuys has won over investors because its multi-asset platform boasts a funding program to help investors pursue their investment objectives.
The FXGuys Trader Funding Program offers investors capital, allowing them to bet big on high-potential market opportunities. However, trades must clear the challenge phase to join the funding program. Traders that complete the challenge phase initially get up to $200,000 in capital. Amazingly, traders can increase this amount to $500,000 by trading profitably.
Moving on, this multi-asset DeFi platform boasts a revolutionary Trade2Earn program. This program rewards traders in FXGuys’ native token, $FXG, for trading in the Web3 and TradFi sectors. Interestingly, traders do not have to be profitable to earn $FXG. This incentive model helps boost trading activity, thus scaling this game-changing multi-asset platform.
$FXG: 2024’s Rising Star!
As XRP and BNB continue bleeding, $FXG has attracted investors looking to diversify their portfolios with low-price, high-potential tokens. Currently, $FXG is in Stage 1 of its ongoing public presale. $FXG’s price during this stage is $0.030 and represents a 100% surge from the Private Sale Round price of $0.015.
As $FXG advances toward its listing price of $0.100, Stage 1 investors will enjoy a 233% ROI. Furthermore, experts expect $FXG to soar astronomically when it launches on leading exchanges. This forecast explains why investors are flocking to the FXGuys’ Web3 multi-asset platform to purchase $FXG.
To find out more about FXGuys follow the links below:
Website | Whitepaper | Socials | Audit
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