In the crypto industry, fundamentals are king, and major news tends to shake the industry. After Durov’s arrest in late August 2024, Toncoin (TON) and major cryptos like Solana (SOL) recorded massive price dips, leading to a general crypto market crash. According to CoinMarketCap, the general crypto market fell from $2.08 Trillion on August 31 to $1.92 Trillion by September 8.
On the other hand, smart investors already pivoted to newer tokens like FXGuys ($FXG). Keep reading to see the massive utilities of this new token!
What you'll learn 👉
TON Leads Crypto Market Crash Amid Pavel Durov’s Arrest
On August 25, 2024, BBC reported that Telegram CEO Pavel Durov was arrested for allowing illicit transactions, web3 fraud, and child trafficking, amongst other offenses. Durov was arrested by French authorities in Paris for refusing to hand over user data.
Since Toncoin is a Telegram-backed project, crypto investors reacted by exiting the Toncoin ecosystem, leading to a major price loss for Toncoin in Q3 2024.
Two weeks ago, TON traded at $6.801 on August 24. After Durov’s arrest, TON plunged and lost almost half of its value. By September 8, Toncoin already lost 43.78%, and TON traded at $4.730.
Smart traders already know this TON price dip and the ongoing crypto market crash will likely affect Toncoin’s upcoming Hamster Launch, and investors are moving to other viable new tokens like $FXG.
SOL Recovers; Drops Ecosystem MoM Update
On September 6, 2024, Solana released its month-on-month ecosystem update. According to the report, Solana’s Total Economic Value fell by 30% from its July value, while its DeFi TVL fell by 9.2%.
Interestingly, funding raised within the Solana ecosystem grew by 179% and hit $57million. However, Solana’s DEX Volume, Network GDP, and NFT Volume fell by 31.3%, 35.8% and 18.85% respectively.
Solana’s general ecosystem decline led to a 16.52% loss for SOL in the last days of August and early September. On August 27, SOL traded for $156.86.
Less than two weeks later, SOL fell to 130.36 on September 8. Investors are waiting to see how Solana’s September MoM will turn out before making decisions for their Q4 2024 portfolio. Moreover, we may see SOL range around $130 to $140 from now till mid-October, per expert projections.
$FXG Plans to Capture the Crypto Market by Revolutionizing the Trading Industry
If you are a trader (crypto, FX, stocks), something big is coming. FXGuys plans to launch fully in 2025, and this decentralized trading platform will allow traders to raise up to $200,000 in capital while earning rewards on the FX Guys Platform.
Moreover, every time you trade, you automatically get $FXG rewards thanks to an innovative Trade2Earn program. FXGuys uses DeFi to ensure transparency, allow crypto payments, and provide a unique trading experience.
Aside from its Prop Funding Program and Trade2Earn program, FXGuys also offers other features that make it the perfect DeFi platform. FXGuys has a staking program, trading challenges for education and rewards, an advanced analytics subscription, an affiliate program, and locked liquidity.
Currently, $FXG is trading for $0.015 in its private sale phase, and we believe early $FXG investors will enjoy over 500% ROI by the time the token launches on multiple crypto exchanges.
Savvy Crypto Investors are Betting on $FXG to Succeed in 2025
As FXGuys grows to dominate the trading industry, we believe $FXG will grow to become a major crypto token. By the time $FXG launches on major crypto exchanges, the token will sell at $0.1 and likely deliver a massive 566% ROI to early FXGuys investors.
As a crypto trader, you have a lot to gain by getting in early and accumulating $FXG tokens for future trading benefits!
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