Multi-Asset Trading Platform FXGuys ($FXG) Becomes One To Watch As Gold Hits ATH, Outperforming Bitcoin In 2024

The financial sector recently witnessed a notable price surge in the price of gold as the precious metal solidified its position against Bitcoin (BTC). Amidst this development, the new DeFi project FXGuys ($FXG) has come into the spotlight due to its unique multi-asset trading platform. Let's look into the full details of these intriguing trends!

Gold Rush: Precious Metal Hits Record High

Gold has once again cemented its position as a safe-haven asset, reaching a new all-time high and outperforming Bitcoin in 2024. The precious metal started the year trading at $2,065/oz but crossed the $2,600 per ounce mark on September 20, 2024, hitting an unprecedented level of $2,610/oz.

The surge in Gold's value was fueled by several factors, including a weaker US dollar, declining interest rates, and geopolitical tensions. Central banks in emerging markets have also been increasing their gold holdings, further driving demand.

Given recent events, financial analysts have become bullish on gold's prospects. Goldman Sachs predicts that the precious metal could reach $2,700 in the near future, especially if the US imposes additional sanctions. CBS also shares this bullish expectation, especially following the recent interest rate cut by the US Federal Reserve.

Bitcoin’s 2024 Journey: A Year of Impressive Gains But Not Quite Enough

While gold has had a remarkable run, Bitcoin has shown resilience in 2024. Starting the year at $42,280, BTC quickly embarked on an impressive rally. In March 2024, the token’s price reached a new ATH of $73,079, showing a growing appeal amongst investors.

After an impressive performance during Q1, BTC’s price hit a rollercoaster, resulting in a drop to the $49,000 mark in August. Despite these fluctuations, the token's price managed to rebound, and it has been trading at the $60,000 price level in the past seven days.

One of the factors behind BTC's price recovery is the recent massive purchase of $250 million by Bitcoin ETFs. Considered the largest acquisition in over a month, this purchase has ignited bullish expectations for BTC in the coming months.

Meanwhile, crypto market analysts are confident in the token's potential to reach the $85,000 mark in October.

FXGuys’ Multi-Asset Trading Platform: The New Trading Game-Changer

Amidst Gold's value surge and Bitcoin's show of resilience, FXGuys is significantly gaining traction with its multi-asset trading platform. Blending the elements of TradeFi, DeFi, and PropFi, FXGuys aims to empower traders worldwide.

The multi-asset trading platform's funding program offers talented traders access to $200,000 in trading capital, creating opportunities for successful traders to show their skill and earn profit.

One of the standout features of FXGuys is its Trade2Earn program, where traders earn $FXG tokens for every trade executed, regardless of the outcome. $FXG is an ERC-20 utility token built on the Ethereum blockchain. The token is designed to offer traders real-life utility, such as paying platform fees, staking for rewards, trading perks, etc.

With a total supply of 835 million tokens, $FXG has strategic tokenomics designed to create sustainable demand within the platform. 35% of its supply has been allocated for public presale, 11% for marketing, and 17% for staking and rewards pools. This is to ensure long-term engagement, which will boost the token's value.

FXG Presale Sparks Interest: The Next Altcoin Sensation?

Currently, in Stage 1 of its public presale, $FXG tokens are trading at $0.03. With over 60 million tokens sold during its private presale, $FXG has climbed the ranks of altcoins to watch out for in 2024. The reason behind the growing demand for $FXG tokens is the FXGuys’ excellent multi-asset trading platform and clear token utility.

The token’s presale is set to run for 12 weeks, after which $FXG will launch at the price of $0.10. This marks an over 233% increase from its current price!

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Writer @Elena

Elena is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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