As Polkadot and Toncoin Falter, FX Guys Nears a $5M+ Presale Breakthrough
The price of Bitcoin (BTC) has been on the rise, and this has also triggered a bullish run in some of the other cryptocurrencies. However, there has been a considerable decline in the price of Polkadot (DOT), which is why many investors and enthusiasts are confused about the further growth of DOT. Similarly, Toncoin (TON) has also depreciated in value this year, suggesting increased bearishness in the market.
But another altcoin, such as FXGuys ($FXG), is experiencing a great deal of traffic to its presale website. For this reason, FXGuys has received remarkable funding and is set to raise over $5 million in its presale round. This has led analysts to conclude that it is highly likely that FXGuys has the potential to generate good returns for investors who are coming in at this point.
So, let's look at FXGuys' presale and the factors driving its result amid Polkadot and Toncoin's decline.
Polkadot (DOT): Showing Signs Of Downward Trend
Polkadot, which is known for its approach to blockchain interoperability, has experienced some significant price dip, ranging from $7.90 down to around $4.80. Also, analysts have deduced a bearish outlook from DOT's price action. For instance, there is a formation of a death cross pattern when the 50-day and 200-day EMA converge, which indicates a potential downward movement.
This pattern often suggests a bearish pattern, meaning that the price may be more prone to move down. Moreover, as it is observed, the network activity of Polkadot has declined to historic lows this year, but it has not been this low since 2024. Low means activity in the chain implies low traffic or number of users participating in the network, which might negatively impact the value of the asset.
Toncoin (TON): Decreasing In Network Activity
The Toncoin had its highest price value at around $8.24 in June 2024, 8 months ago. At that time, it was expected that TON would go much higher in the next few months. But the scenario was totally different, as TON priced action shocked its holders.
Toncoin has been recorded to have decreased in value within the last few months. Statistics reveal that Toncoin’s network activity has significantly decreased in the past eight months, suggesting that users are exploring other networks. The daily burn rate went down from forty thousand in September to less than six thousand, affecting the supply reduction and price fluctuation.
FXGuys ($FXG): Trending With Its Staking Platform
FXGuys has achieved tremendous success in the market due to the novelty it brings to the crypto trading world. The FXGuys presale has attracted many investors as most investors enter the presale in the hope of amplifying their portfolios. Currently, the presale is in the third phase with the token being sold at $0.05, making it one of the best DeFi crypto projects.
As for the funding part, the presale has generated more than $4.2 million and is close to exceeding $5 million in the process. Why investors are streaming to the FXGuys platform is due to its staking platform. The staking system provides returns on the investment in profits on a yearly basis, and for this reason, it makes FXGuys one of the best DeFi crypto projects.
In the context of the staking mechanism, FXGuys provides 20% of the token staked yearly from trading volume. Also, its Trade2Earn program gives traders incentives in the form of tokens irrespective of whether they make profits or losses from trading. As one of the trending altcoins, FXGuys does not impose buy-and-sell tax on the transactions.
Conclusion
The performance of FXGuys in the market has been magnificent, as it has been ranked among the trending altcoins. While both Polkadot and Toncoin prices keep declining, the staking mechanism of FXGuys is lighting up its platform. The project is gradually becoming recognized as the best way to get into crypto trading, and through the website, those interested can purchase a token.
To find out more about FXGuys follow the links below:
Presale | Webhttps://fxguys.iosite | Whitepaper | Socials | Audit
