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Current bearish trends are drawing PEPE and SUI holders to the FXGuys token.
December has seen the crypto market follow a bearish trend, starting from the top cryptocurrency, Bitcoin (BTC). The downtrend has not spared Pepe (PEPE) and Sui (SUI). Investors are thus seeking ways to diversify their portfolios and preserve capital. The FXGuys (FXG) presale token has shown immense promise with its fast-selling presale, attracting more investors.
PEPE suffers due to the Fed’s stance on crypto for 2025
PEPE has taken a hit as the crypto market continues to trend downward. In the past seven days, the PEPE coin price has fallen by 3.35% to $0.000019.
The Federal Reserve Chairman recently made it clear that the US Central Bank did not intend to involve itself in government efforts to stockpile large amounts of Bitcoin.
This is an additional blow to the crypto market, on top of the hints by the Fed that there will be fewer rate cuts next year as inflation remains above the 2% target. Since then, Bitcoin has struggled, which has spilled over to altcoins like PEPE.
The PEPE coin price consolidation is expected to continue. Analysts say PEPE might remain around the $0.000020 range for the rest of the year.
SUI slows down after price pump
Despite the general bearish trend, SUI has not experienced dramatic price decreases. The SUI price has decreased 11% in the past week, currently trading at $4.12.
In SUI’s case, the token is experiencing a period of price consolidation after reaching an all-time high of $4.90 on December 16, 2024. The current trading volume and liquidity indicate sustained interest from buyers, which supports price stability.
However, the absence of substantial catalysts has limited further upward movement, resulting in a sideways trading pattern. Analysts project that the current SUI price consolidation will restrict the token below $6, possibly ending 2024 at $5.94.
FXGuys: A first-of-its-kind FX trading platform
FXGuys is the first decentralized FX trading platform. It combines the reliability that traditional finance offers with the innovations in DeFi. What is birthed is a prop firm that effectively provides solutions to the usual bottlenecks that traders face in navigating traditional FX trading platforms.
The protocol aims to lower the entry barrier into the trading space. One way it does this is through the FX Guys Trader Funding Program. This program provides traders access to up to $200,000 in startup capital with a generous sharing formula. Traders can earn up to $500,000 when they consistently make profits from trades.
The standout feature of FX Guys is its Trade2Earn feature. This feature rewards traders with FXG tokens for every trade made on the ecosystem regardless of the outcome, so traders benefit in one way or another and have a greater incentive to trade. This also helps drive up the value of FXG tokens and increase their price in the long run.
The greatest concerns of traders are security and privacy. These worries can be put to rest as the platform has been audit certified by two tier-one audit firms, SolidProof and Soken.
Moreover, the FXGuys platform has no KYC requirements, thus making the execution of transactions seamless and anonymous.
FXG could be the hottest presale token of 2024
FXGuys has raised over $3 million so far, currently in Stage 2 of its public presale. That’s to show how quickly investors are gobbling up the FXG token.
The current FXG price is $0.04, and investors can snatch up the tokens without a buy or sell tax. Investors at this stage are guaranteed a 25% profit once Stage 3 kicks off, and that prospect rises to 150% when the presale ends and the token is launched at $0.10.
There are a number of perks for those holding FXG tokens. For instance, traders can pay for trading challenges and subscriptions with the tokens, which can be earned passively by staking.
Token holders are also considered to be loyalty investors. Thus, they can participate in key decisions concerning the platform by using the tokens to vote and express their opinions.
These are the prospects that have impressed PEPE and SUI investors.
To find out more about FXGuys, visit their presale, website, whitepaper, socials, and audit.
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