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Press Release
As the general crypto market remains impacted by Bitcoin's ongoing downtrend, a new DeFi innovation is rapidly emerging as a prominent force in the space with its bullish and innovative features.
With Bitcoin Cash (BCH) and XRP experiencing continued declines, investor interest has waned, underscoring the need for fresh innovations. Let's explore why this new token is quickly becoming investors’ new favorite!.
Bitcoin Cash Sees Market Rebound Amid Fluctuations
Bitcoin Cash is currently experiencing a rebound, holding above a critical support level for the past two months. After testing this support of $289.32, BCH has begun to recover, following a broader period of selling across the cryptocurrency market, evidently caused by the recent downturn of Bitcoin (BTC).
Data from Coinglass reveals notable shifts in BCH's trading activity. Trading volume has declined by 18.9%, reaching $172.86 million, indicating a lack of investors’ interest in BCH derivatives.
For the past three days, BCH has shown slight volatility, with its price averaging $312, a modest 1.76% increase from the previous day.
As BCH hovers around the $330 mark, investors are watching for a breakout above this resistance level despite its general downturn, which could propel the price of Bitcoin cash toward $340 or beyond, depending on sustained bearish momentum.
XRP Dips to $0.52 as Binance Reserves Fall by 167 Million Tokens
XRP, the native token of Ripple, is trading at $0.53, following a significant decline in its reserves on Binance.
Over the past five weeks, 173 million XRP tokens have been withdrawn from the exchange, according to CryptoQuant data. This reduction is noteworthy for XRP holders as it implies a decrease in the number of tokens available for sale, potentially lowering the selling pressure on the altcoin.
XRP is in a downward trend, having dropped from a high of $0.626 in July to $0.534 in September 2024. However, Analysts predict a potential surge in the price of BCH to $0.610 or a further decline to $0.442, with momentum indicators showing bearish signs.
However, a daily close above $0.578 could trigger a bullish rally, challenging the current bearish outlook of Bitcoin Cash.
FXGuys Unveils Decentralized Forex Brokerage and Promising Presale
2024 has been mostly bearish for Bitcoin Cash and Ripple’s XRP, but this new DeFi innovation, FXGuys, is rapidly gaining the attention of investors with its innovative features.
One of these is its first-of-a-kind forex funding program, which provides traders with access to capital of over $200,000 to trade, grow, and refine their strategies while earning profits. This program is complemented by FXGuys' unique Trade2Earn model, which rewards traders with $FXG tokens for every trade, regardless of the outcome.
Furthermore, FXGuys provides users with a user-friendly platform equipped with advanced analytics and social trading tools to help them become successful and profitable traders while earning $FXG tokens.
Priced at $0.015 per token in the ongoing private sale phase, $FXG recently concluded a successful seed round with over 25 million tokens sold. The $FXG presale allows investors and traders to become early holders of the token at a considerably discounted price.
This discount gives investors and traders an avenue to earn over 566% ROI after the token launches at a predetermined price of $0.10. Seize the opportunity to be a part of this bullish journey.
Why Join FXGuys and Its Private Presale?
FXGuys' decentralized forex broker is built on advanced security and cutting-edge technology, empowering traders with real capital and rewarding them innovatively. $FXG can be earned through the Trade2earn program or purchased in the ongoing presale stage.
With 66.8 million tokens available during the private sale phase, FXGuys presents a profitable opportunity for early investors to capitalize on the presale of $FXG as it gears up for its full launch. Don't be a late wisher, act now!!!
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.