The crypto market has witnessed interesting twists and turns over the past week. For instance, Ripple Labs’ co-founder, Chris Larsen, has openly backed Kamala Harris as the US elections inch closer. Meanwhile, FXGuys ($FXG), a new Ethereum token, has sent shockwaves across the DeFi space after showcasing great potential during its ongoing public presale.
Chris Larsen, Ripple Labs’s co-founder and former CEO, has shocked the crypto market after backing Kamala Harris in the upcoming US elections. In doing so, Larsen joined 88 other executives in supporting Kamala Harris. Per a CNBC report, these executives expressed their support for Kamala Harris through a joint letter penned on September 6., 2024
With Larsen endorsing Kamala Harris, the future of Ripple remains unknown. This is because senate sources previously revealed that Kamala Harris plans to nominate SEC Chairman Gary Gensler as Treasury Secretary if she wins the US elections. Gensler is known for his harsh stance on crypto, going after Ripple Labs in a longstanding legal battle.
The news of Larsen supporting Kamala Harris in the upcoming US elections has seen XRP plunge 5% in a week. On September 4, XRP was hovering around $0.5619. By September 11, XRP had stabilized at around $0.5330.
However, the 24-hour XRP trading volume is up 11%, indicating investors are buying the XRP while awaiting the end of the SEC vs. Ripple Chris Larsen Kamala Harris impact Labs case.
In the meantime, investors are also embracing FXGuys, an upcoming Ethereum token presale, to hedge their investment portfolios against losses.
FXGuys has emerged as a top pick among investors because of its mission to build a decentralized brokerage platform. Through this platform, FXGuys aims to enhance investors' trading experience by exposing them to various cryptos, equities, FX, Indices, and commodities like gold and oil.
This wide-ranging offering enables investors to diversify their portfolios, strengthening them in case of market crashes.
Apart from its robust asset offering, FXGuys has caught investors' attention because of its forex funding program. It offers savvy traders up to $500,000 in capital, giving them adequate funds to grab market opportunities.
However, the top feature of the FXGuys platform is its Trade2Earn program, which rewards traders for all trades they complete. Notably, FXGuys rewards investors with its utility token, $FXG. Amazingly, investors earn $FXG regardless of whether their traders are profitable or incur losses.
FXGuys credits $FXG to a trader’s account based on their trading volume (slots). As such, traders with high trading volumes get more $FXG. Traders can redeem their $FXG for trading benefits like lower profit targets, increased drawdown limits, or tools to boost their trading game.
With the US elections inching closer, FXGuys has witnessed an influx of investors because of $FXG. $FXG’s utility within the FXGuys ecosystem offers guarantees its sustainable growth. Furthermore, $FXG has a limited supply of 835 billion tokens, which helps keep inflation at bay in the long run.
Investors are also embracing $FXG because it is safe to invest in. Notably, Solken, a reputable blockchain security firm, audited $FXG’s smart contract. This audit has helped build investor confidence in $FXG, explaining why its presale is quickly gaining momentum.
As of September, $FXG was progressing with the private sale round of its presale. Investors can now purchase $FXG at $0.015. This price will climb to $0.030 when $FXG enters Stage 1 of its public presale.
By soaring to $0.030, $FXG will have generated a 100% ROI for private sale round investors. Moreover, this ROI is poised to increase to 566% when $FXG launches at $0.10.
On top of this, experts expect $FXG to surge further after getting listed on leading exchanges. This forecast explains why $FXG is the best crypto to buy now amid the suspense generated around the upcoming US elections, with Kamala Harris in focus!