DeFi projects are taking center stage again as the market quietly wraps up with the memecoin run it has been on. As the sector regains some of its strength, a newcomer is set to lead it to new heights, gaining massive interest from both Cardano (ADA) and BNB holders.
Who could this potential runner be, and why are ADA and BNB holders so interested in it? Let’s find out!
Cardano Slowly Moves in the Green, but Decreases Whale Activity Gives Way to Price Concerns
Cardano’s native token, ADA, is known as a “sleeper coin” due to its lack of movement, even during large market activity. This can be further backed by the lack of price movements ADA had this year, even when the market was at all-time highs.
If we look at ADA’s yearly chart, we can see that it moved up in March when Bitcoin hit its ATH, but compared to other altcoins, the movement wasn’t big at all. After that, it went down with the downward market trend, losing its spot in the top 10 cryptocurrencies by market cap.
However, there’s still some good news for Cardano investors, as ADA is up by 42.04% compared to its price last year. So, past investors have seen some good price action, but the same cannot be said for current investors. Namely, in recent months, Cardano’s large transaction volume has decreased, indicating that ADA whales are finally moving on to other projects that offer more movement and volume.
Experts Say That ADA Might Surprise Us After This Dip
Crypto experts like Rémi Benays agree that ADA is in for more dips in the near future. However, unlike others, Benays deems these dips as great buying opportunities, as ADA seems to be trading very similarly as it was after the 2020 BTC halving.
If his analysis is true and history does indeed repeat itself, ADA is very close to repeating its previous run where it spiked by 18,000% from the lows before the halving. According to Benays’ chart, ADA will realize this potential run throughout 2025, potentially reaching $15, which would place it at a $500 billion market cap.
As mentioned, many other analysts agree that these Cardano dips are great buying opportunities, but not many are as optimistic about how high ADA will go as Benays is.
How High Can ADA Go?
As mentioned, if Cardano really repeats its performance from the 2020 rally, a $15 ADA may not be as imaginary as it seems. However, such a run also depends on the state of the market next year, and with the recent Fed rate cut of 50 BPS, many are bullish on crypto in 2025. So, if this sentiment prevails, ADA might really reach new highs next year.
However, in this case, we shouldn’t disregard how poorly Cardano performed when BTC reached its ATH this year. So, Cardano might not be as strong as it was then, but it could still run nonetheless.
Thus, the first point ADA investors should focus on is breaching the $0.6 resistance, and once breached, things could turn around for Cardano.
Futures Traders Shorting BNB Ahead of a Major Event for the Token
The past week saw BNB get out of the slump and increase in value by around 5.75%, reaching a price of around $573.
However, futures traders still have their doubts about BNB, as they’ve been shorting the coin ahead of CZ’s release from jail. But there’s also another reason for the majority of traders shorting BNB. Namely, experts say that they might be positioning themselves for the last dump before the run, as the overwhelming sentiment on the market is that BNB will run after CZ is officially out of jail.
And since BNB has already experienced an increase in its price in the past week, shorts are already getting liquidated, with $1.3 million in liquidations already on the books. Also, it’s worth noting that BNB is planning to reach outside of DeFi by expanding its use cases, but until it does, BNB’s price won’t be affected by mere words.
Crypto Experts Believe CZ Will Bring a Huge Rally to BNB
While perp traders remain more bearish than bullish on BNB despite recent liquidations, many crypto investors and experts have taken to Twitter to dispute their sentiments. Namely, a veteran trader and investor, CryptoGodJohn, recently stated that BNB was the most obvious play over the next couple of weeks, stating CZ’s jail release as the potential catalyst for the coin.
He also states that if BNB’s current funding rate flips, the rally will start even before CZ is officially out. After this, many other crypto experts agreed that this event would be a great catalyst for BNB, but many futures traders have remained firm in their short positions as they don’t see BNB realizing a sustained price rally.
How High Can BNB Go?
If CryptoGodJohn’s chart is anything to go by, BNB could potentially reach the $662 mark in the next few weeks. This would mark a 15.5% increase from its current price. However, if bearish traders prevail, BNB could fall below $550.
Right now, technical analysis is on the bulls’ side, as BNB’s MACD indicator reveals a bullish momentum for the coin. It currently sits above the single and zero lines, indicating a powerful bullish sentiment and a good likelihood of a sustained price rally.
Is $FXG the Next Potential Runner?
Brokerage and prop trader firms are highly in demand nowadays, especially since many such firms aren’t very reliable. So, a new, modern, and reliable PropFi project is highly needed, and FXGuys has emerged to answer to the market’s demands.
Namely, FXGuys is a new decentralized broker and proprietary trading firm that allows people to trade multiple asset classes and get seamless access to the capital they need for trading. With FXGuys, you can trade cryptocurrencies, equities, forex, indices, and commodities, all in one place.
With this new project, users will get access to both a decentralized brokerage and prop firm funding program where they can finally realize their strategies and make money with no issues.
What Makes FXGuys Better?
The team behind this project are experienced traders that have been in this market for a long time and thus know exactly what it lacks. With that said, they have created a project that will address all these shortcomings and offer the following:
- The ability to get funded and receive the capital you need for trading
- The opportunity for other investors to fund traders directly and split the profits
- Multiple risk management tools
- Access to a wide range of markets and asset classes
- Advanced analytics tools including AI, charts, copy trading, and social trading
- Trade2Earn program via which you earn $FXG tokens with every trade you make, no matter its outcome
- Access to $200,000-$500,000 funded accounts
- Same-day payouts in crypto and fiat
- No KYC
Join While It’s Super Early – $FXG’s Private Round Is Still Underway
Private rounds and public presales are the most optimal times for investors to get on board a project, and that’s exactly what you can do with $FXG. Regardless of whether you want to trade or not, you can still make a significant amount of money by simply buying $FXG tokens early.
At the moment, you can buy $FXG in its presale, which will open the doors to the FXGuys public presale. As it stands, $FXG is currently available for $0.03, a price that will only go up as the presale goes on.
The gains will only become larger as $FXG nears its launch, which is set at $0.1, marking 500% returns for private round holders. Once the presale ends, $FXG will start trading on exchanges and holders will be able to use their $FXG tokens for trading challenges and live funded accounts.
After this starts unwinding, experts say that $FXG’s price will only go up, stating that the 500% presale returns will only be the tip of the iceberg as $FXG has the potential to do multiple x returns in the near future.
Expert Opinion: The Next Best Brokerage and Prop Firm Is Here!
Many experts who have studied FXGuys have immediately taken to social media to praise its vision and roadmap. They highlight how important it is for such a project to be backed by people who have actually been a part of the industry and have seen it progress and develop, and FXGuys has precisely that. Also, some other factors that instill great confidence in this project include the following:
- Great Token Distribution: FXGuys has a total supply of 835 million FXG. 11% will be distributed for marketing, 35% for the public sale, 8% for the private round, 7% for the funding program, 17% for staking and the rewards pool, 10% for listing and liquidity, 6% to the team, 3% for legal matters, and 3% for seed.
- PropFi: FXGuys will offer fair and flexible options for traders to get funded and have access to funded accounts worth between $200,000 and $500,000.
- No KYC: Getting started and making money with FXGuys will be very easy as it requires no KYC and allows you to start trading or investing by simply connecting your wallet. Experts stressed that this is incredibly important for the crypto community as it adheres to the goal that people want to reach with it – decentralized systems with no restrictions.
A New Wave of Making Money While Crypto Trading: Secure Your Place Today!
Traders are not the only people that can benefit greatly from $FXG. This project was made so that anyone interested in crypto can benefit from it, not just those who use it every day, such as traders.
Namely, investors can fund traders directly and get a share of their profits, while also investing in the $FXG token and watching it appreciate in value over time. On the other hand, traders will get a safe and reliable space where they can get funded and receive immediate payouts, while also earning $FXG for simply trading on the FXGuys platform.
So, there’s a lot to be gained for everyone!
Conclusion
As DeFi slowly climbs back to its previous glory, new projects that emerge in this sector will be the ones to gain the most. Tokens like BNB and ADA have bright futures ahead of them should the markets align, but newcomers like $FXG are the ones who will lead the rally as they’re still available for people to purchase at their lowest possible prices.
Also, with the incredible utility that $FXG offers, experts say that the sky’s the limit for this project as more and more people realize the value that it will bring to the market!