SUI, Tron, And This New Ethereum Token Had A Strong First Week In September, See Why
Looking back, the month of September breathed a fresh sense of optimism in the crypto and DeFi space as some top crypto coins, like SUI and TRON (TRX), experienced a strong bullish week.
Joining these tokens is a newly discovered Ethereum token called FXGuys ($FXG). Read on as we discuss these tokens in detail!
SUI Surges 28.3% Amid Market Retrace, But Will the Momentum Last?
SUI, one of the top Layer 1 projects, showcased an impressive 28.3% price surge between September 2 and September 3, 2024, defying the general market sentiments triggered by Bitcoin’s downturn. As Bitcoin dropped in price to $54,000, SUI stood out among the few tokens showing gains, marking it as one of the top gainers within the top 100 cryptocurrencies.
This bullish price action has been influenced by ongoing network developments and large over-the-counter (OTC) bids. Additionally, the launch of the Grayscale SUI Trust has played a significant role in boosting investor confidence.
Despite this bullish trend, SUI has been showing price volatility for a long time, fluctuating between $0.56 and $1.20. Experts are cautious yet bullish on SUI’s future performance as they predict SUI will reach $1.80. However, they believe if SUI fails to hold its current support level, its price will decline by over 20%.
As the market remains volatile, SUI’s ability to sustain its gains will be closely watched by investors and traders alike.
TRON Price Rebounds Amid Bullish Momentum
TRON has shown signs of a strong market recovery, with its price climbing and bullish momentum building. It’s crucial to note that TRX’s recent price action defies the prevailing bearish sentiments in the crypto market.
After a prolonged period of sideways trading, TRX has rebounded, rising from $0.146 to $0.152, a 4.10% price appreciation.
However, TRX’s trading volume saw a decline, moving from $347.44 million to $304.68 million, reflecting a 12% decline in the trading activity of TRX. Despite the decrease in volume, market analysts predict that if the bullish momentum continues, TRX could reach $0.18 soon, with the possibility of surpassing $0.20 in an extended rally.
This positive outlook indicates that TRON could achieve significant gains in the near future, making it one of the altcoins to watch.
$FXG Shows Bullish Momentum Ahead of Presale Launch
Like SUI and TRON, $FXG, the native token of FXGuys, has shown signs of some impressive bullish movement with its ongoing private presale at $0.015, giving investors an opportunity to earn over 100% profit upon entering Stage 1 of its public presale at $0.03.
FXGuys, the project behind the $FXG token, is a decentralized forex ecosystem designed with advanced security, privacy, and cutting-edge technology at its core. This innovative DeFi platform empowers traders with real capital and rewards.
As a community-driven ecosystem, FXGuys offers a broad range of tradable products, funded accounts, and analytical tools, all focused on helping traders learn strategies, share insights, and earn profits.
One of the standout features of FXGuys that we love the most is its innovative Trade2Earn model. This approach simply rewards traders with $FXG tokens for every trade they take on the FXGuys’ platform.
The Ethereum-based $FXG tokens earned from trading on this DeFi platform can be redeemed for various trading perks, such as payment of platform fees with tokens, purchasing of funding challenges, and lots more, to give users a more flexible trading experience.
With over 66.8 million tokens available in the current private presale round, early investors and traders can leverage this opportunity to purchase $FXG tokens and earn a potential 900% profit upon the token launch at $0.1. Don’t miss this opportunity; buy the FXG tokens now!!!
