A new decentralized finance (DeFi) token is being spotlighted amidst a competitive market of trading with a platform bringing forward every transaction incentives along with instant withdrawals and the lack of standard buy/sell taxes and KYC bans.
This token, which costs $0.05 at present, is backed by a PropFi platform that favours both active traders and passive investors through its “Trade2Earn” feature. On the platform, each trade rewards the native $FXG token, generating more liquidity and trading volume.
Platform Features and Trading Options
The token’s platform offers a variety of features that help to improve user experience:
- Incentivized Trading: All trades, whether they end in success or failure, earn $FXG tokens.
- Instant Withdrawals: Clients enjoy same-day fiat and cryptocurrency deposits and withdrawals in more than 100 local currencies.
- No Extra Fees or KYC Mandatory: The platform functions without buy/sell fees or compulsory identity confirmations.
- Trading Capital Funded Accounts: High-performing retail traders who go through a series of trading evaluations are eligible to get funded trading accounts with trading capital of up to $500,000 and earn an 80/20 profit share.
- Staking Rewards: Traders are given the option of staking at an annual percentage yield (APY) of 20% to earn a steady stream of income.
- Beta Platform Access: There is a beta version of the trading platform out now, with which users are able to try these features before the launch.
Market Comparisons: Cardano (ADA) and PEPE
Alongside this nascent DeFi token, legacy altcoins such as Cardano (ADA) and PEPE are seeing differing market trends:
Cardano (ADA):
ADA has shown strong short-term growth by increasing over 11% in recent times. Following an initial price of trading of about $0.69, the token saw pressure that dropped its value to $0.65. A follow-up spike saw it go to $0.82, and it now seems to be ranging between $0.75 and $0.82.
Following a 31% price drop in the last month, there is still bullish technical sentiment like the MACD and moving averages to suggest a reversal. Analysts also point out that ADA is currently trading around 75% lower than its all-time high (ATH) of $3.10.
PEPE’s price has fluctuated over the last week.
Beginning at $0.0000096, the token fell to $0.0000089 before climbing to $0.0000104. This was followed by a dip to $0.0000092, which was then followed by bullish action that pushed the price up to $0.0000107, before it stabilized at approximately $0.0000099.
In the last month, PEPE saw a 50% drop in price, though technical indicators are still mixed with basic moving averages pointing towards a buy while the momentum oscillator shows sustained selling pressure.
PEPE now has a market capitalization of around $4.16 billion, which other analysts claim could restrict sudden token price rises without added cap injection.
Presale Details and Growth Potential The new DeFi token ($FXG) is currently in its public presale, with Stage 3 already at an 80% sell-through.
With more than $4 million raised to date, the token is likely to rise in price in the next presale stage from $0.05 to $0.06, with an official launch price set at $0.10. Some estimates indicate that, after the launch, there may be a dramatic price rise, although such predictions are subject to inherent market risks.
