Ethereum and EigenLayer Price Decline, See Why Multi-Asset Platform FXGuys ($FXG) Is Still Bullish

CoinMarketCap
2024-10-13

Ethereum (ETH) has been marking disappointment after disappointment as it fails to break out from its months-long sideways trading patterns. EigenLayer (EIGEN) investors are also laden with disappointment, as EIGEN’s launch failed to bring in any gains and dipped as soon as it hit exchanges.

On the bright side, experts have found a sound and reliable project that’s still in its presale phase, allowing investors to make back what they’ve lost and then some. This project is none other than FXGuys ($FXG), a multi-asset platform that focuses on bringing utility and value, which will make it a great long-term investment in the years to come.

Ethereum Shows Signs of Repeating Its 2016 Pattern: More Downside Ahead

Crypto analysts have noticed that Ethereum has been on a downside track, repeating a pattern that it has already faced before. Thus, historical patterns and current market conditions all point to a red Q4 for ETH, and Ethereum holders are fed up by this price action.

Namely, ETH has a green close in September, which is exactly what happened in 2016 for Ethereum. Back then, Ethereum went on to decline even further for the rest of the year, and analysts expect ETH to do the same now.

To further strengthen this position, analysts have noticed that ETH whales are mirroring their behavior from 2016, suggesting that they don’t expect Ethereum to experience any price hikes soon. For example, an Ethereum whale unstaked 29,480 ETH and transferred his ETH holdings to Coinbase for a profit of over $2 million.

ETH ETFs are also showing bearish signs, as they experience more outflows than inflows. Namely, ETH ETFs recently had outflows of over $48 million, with Greyscale and Fidelity seeing massive withdrawals.

Right now, ETH is trading around the $2,354 mark, a 10.74% decrease in 7 days. Experts say that, with all the bearish signals that Ethereum is facing, ETH could spend the rest of Q4 in a downward trend that could potentially see it go below $2,000 for the first time in months.

EigenLayer’s Failed Launch Makes Headlines: Can It Recover?

EigenLayer’s launch was off to a seemingly good start, with EIGEN starting at $4.10 and reaching $4.47 soon after. EigenLayer investors thought that EIGEN would go on an extended run, but this was not what happened.

Namely, $4.47 was the ATH for EIGEN, and once EIGEN reached it, it started on its downward trend. Now, EigenLayer is trading around the $3.42 mark, a 16.60% decrease in value since its launch.

EigenLayer’s trading volume is also on a downward trend, with EIGEN holders selling their tokens and moving on to other projects. As the EIGEN debut was going on, many EigenLayer investors expressed their concern about EIGEN’s token allocation.

More specifically, they noticed that the top 100 EIGEN holders controlled 82% of all EIGEN tokens, which is never good. Also, 46% of the total supply of EigenLayer tokens is distributed among three wallets belonging to Coinbase Prime Custody, Gnosis Safe Proxy, and an EigenLayer address.

This distribution is quite unfair, as the top 100 EIGEN holders can easily control the movements of EigenLayer and manipulate it to their liking. Thus, EigenLayer holders are looking for other projects that offer fairer terms and better transparency, and they’ve found both in FXGuys.

All Roads Lead to FXGuys, a New Multi-Asset Platform That Brings Utility, Value, and Transparency

The trading industry has been swamped with traders complaining about delayed payouts. What’s even worse is that some traders haven’t even received their earnings, adding even more concern to the overall state of the industry.

Thus, FXGuys, a multi-asset platform, comes at the perfect time, offering value, fairness, and transparency to traders. FXGuys is a trading platform that allows you to trade a wide range of assets, as well as trending coins on both Ethereum and Solana. As such, it gives you the opportunity to take full advantage of the crypto market.

However, what sets FXGuys apart is how it provides its services. Namely, this multi-asset platform takes the best from DeFi, PropFi, and TradFi and allows traders to trade privately with no KYC requirements.

Also, FXGuys offers same-day payouts in crypto and fiat and imposes no withdrawal limits. Thus, traders can withdraw their earnings whenever they want with no restrictions.

FXGuys also provides traders with the ability to get funded accounts of up to $500,000, allowing them to make money without risking their own capital. The terms are more than fair, with 80% of the profits going directly to the traders, and the rest to FXGuys.

With FXGuys, you’ll also get access to advanced trading software, as well as advanced analytics, security, technology, and Web3 capabilities, all of which will help you become an even better trader. And if you’re not a trader, don’t worry, FXGuys has a lot of perks for you, too.

Namely, you can fund traders directly and get a share of the profit. You can also stake your $FXG and get double-digit % APY in return, as well as get a cut from spreads, trading fees, and the trader funding program. All $FXG holders also get governance rights, which allow them to have a say in the future of the FXGuys platform.

In addition to purchasing $FXG tokens, you can also earn them by simply trading on the FXGuys multi-asset platform. Regardless of your trades’ outcomes, you’ll earn $FXG tokens, which you can then stake or use to get exclusive trading perks and rewards.

The $FXG Presale: Your Chance To Make Life-Changing Returns

$FXG is FXGuys’ native token used for all transactions on the FXGuys platform. So, if someone wants to get a funded account, they’ll use $FXG. If someone wants to earn rewards, they’ll use $FXG. If someone wants to fund a trader, they’ll use $FXG, and so on.

Thus, $FXG doesn’t only serve as a method to get access to the platform early. It will continue to be extremely important for FXGuys, and with its use cases, $FXG will be traded constantly so that people can take advantage of everything that this multi-asset platform offers. As such, $FXG has its own ability to grow steadily in the years to come, which is why experts see it as such a great investment.

Currently, $FXG is in Stage 1 of its public presale, available at $0.03. $FXG will start trading on exchanges at $0.1, marking a 200% increase in value during the presale alone.

However, it won’t stop there, as $FXG will be used daily on the platform for various purposes. Also, experts say that interest in FXGuys will only go up from here, which can drive $FXG to a 100x rally sooner rather than later.

To find out more about FXGuys follow the links below:

Website | Whitepaper | Socials | Audit

Exclusive FXGuys Promo Code:

USE PROP10 FOR 10% BONUS

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