Is It Time For An Altcoin Rally As Bitcoin And Ethereum ETFs Stop The Bloodshed?
- Bitcoin and Ethereum ETFs are stabilizing, potentially setting the stage for a broader altcoin rally.
- FXGuys ($FXG) is gaining traction with its unique Trade2Earn program and promising presale returns.
- Bitcoin and Ethereum's price recoveries suggest increased investor confidence and may benefit emerging altcoins like FXGuys.
FXGuys ($FXG) Presale: Altcoins Eye Gains as BTC & ETH Recover
As Bitcoin (BTC) and Ethereum (ETH) ETFs strive for market stability following a tumultuous period, investors are now beginning to wonder whether this might signal the onset of an altcoin rally.
While the dominant Bitcoin and Ethereum are likely to have a significant influence, the recent Bitcoin ETF and Ethereum ETF developments slowing the downtrend suggest that altcoins, particularly newcomers like FXGuys ($FXG), could seize an opportunity, and here's why!
BTC Recovers From a Bitcoin ETF Downtrend
Indeed, in September 2024 alone, US-based spot Bitcoin ETFs had outflows amounting to $1.2 billion within days. Of course, these are massive outflows, but it looks like recovery has already started for BTC. In fact, BTC’s price jumped 6.3% from $53,948.75 on September 6 up to $57,343.17 on September 11.
Despite the recent outflow, the initial introduction of the Bitcoin ETF in the US saw Bitcoin activity go up globally across all regions. This fast-track adoption is ongoing despite record outflows.
Interestingly, growth was most evident in the year-over-year institutional transfers and some higher-income regions such as North America and Western Europe.
Matt Hougan, chief investment officer at crypto asset manager Bitwise, has noted that wealth advisers are adopting spot Bitcoin ETFs faster than any ETF in history. So, there is still hope that BTC will achieve its ATH once again.
Ethereum ETF Outflows Could Halt: Hope Still in Sight for ETH Investors
There has been huge outflow turbulence for Ethereum ETFs, but this is apparently coming to an end.
Still, Ethereum ETFs are expected to have a major impact on the Ether price index. This stoppage of the bleeding from the ETF is evident in ETH's recent 7% price movement surge, as it went from $2,223.93 on September 7, 2024, to $2,389.60 on September 11.
The introduction of Ethereum ETFs into the United States market is an important landmark for the cryptocurrency industry, reflecting increased interest and confidence from investors in digital assets. Fees for these ETFs range from 0.19% to 2.5%, with each investor potentially opting according to their specific investment strategy.
Historically, when similar financial products were introduced, investment rose, and market activity became hotter. This year, for example, saw a price spike, with fresh new highs set after the release of Bitcoin ETFs.
While analysts suggest that Ethereum ETFs will nonetheless attract less investment than Bitcoin ETFs, they still anticipate noticeable monthly net inflows.
The Next Gen Crypto: FXGuys Revolutionizes Crypto Trading!
The world's first Forex Trader Development Ecosystem, FXGuys, was built with the vision of the first decentralized FX brokerage in mind: an exclusive platform, analytics, social trading features, and a funding program where the profits will be shared with talented traders.
With its community-driven approach, the FXGuys team pledges to bring DeFi on board to guarantee full transparency, crypto payment enablement, and special awards in appreciation of improved trading experiences.
Above all, it features the Trade2Earn program: this is an initiative that pays out traders in $FXG tokens with each trade, regardless of the outcome. They get tokens against low-profit targets, higher drawdown limits, or tools that help boost trading performance.
The more you trade, the more $FXG tokens you stack up. Tokens can be instantly earned with every trade based on trading volume, and they automatically flow into your dashboard wallet for use within the FXGuys ecosystem.
Buy $FYG Before It's Too Late!
The private sale round of $FXG has started, with over 66 million tokens at a price of $0.015 each. Early investors can double their private sale investment before Stage 1 of the public presale kicks off, where $FXG will go for $0.03 per token.
By investing in $FXG now, you can potentially secure gains of up to 566% by the time $FXG launches on various crypto exchanges at $0.10. That’s a once-in-a-lifetime deal coming your way. Don’t miss this one!
