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Crypto Market Starts to Rise After Bearish Trend

Sep 15, 2024
  1. SUI Climbs 12% in a Week: Will Bulls Persist?
  2. AAVE Surges 14% in a Week: More Gains Coming?
  3. FXGuys Takes the DeFi Space by Storm: A New Contender

The crypto market has gradually started to recover after a protracted bearish trend, leading to significant growth among top altcoins such as SUI, AAVE, and a new Ethereum token currently in its presale phase.

SUI Climbs 12% in a Week: Will Bulls Persist?

SUI has performed exceptionally well over the past seven days. On September 4, 2024, SUI was valued at around $0.78. The significant price hike began on September 3 when SuiPlay0x1 partnered with XOCIETY and DARKTIMES, providing users on the SUI network with an immersive gaming experience. This development saw SUI climb to $0.98 by September 8. However, after the initial excitement faded, the token's price began to correct. By September 11, SUI had stabilized at around $0.88. Thus, SUI has gained 12% in a week. However, SUI’s 24-hour trading volume is down 29%, indicating waning investor interest, which might spur losses for one of the top altcoins.

AAVE Surges 14% in a Week: More Gains Coming?

Like SUI, AAVE has performed impressively over the past week. On September 4, 2024, AAVE was valued at around $130.38. After several days of range-bound trading, AAVE began to surge on September 9 following the launch of a dedicated ether.fi market on the Aave network. This news saw AAVE’s price jump to $155.13 by September 11 before stabilizing at around $149.08. This means AAVE has gained 14% in a week. Moreover, AAVE’s 24-hour trading volume is up 87%, indicating strong buying interest, which will likely sustain the current rally.

FXGuys Takes the DeFi Space by Storm: A New Contender

As top altcoins prepare for the next bull run, investors are actively searching for next-gen DeFi platforms to streamline their trading experience. One such project is FXGuys, a new Ethereum-based platform that is quickly gaining ground in the crypto market. FXGuys aims to build an all-inclusive ecosystem encompassing a news portal, an education academy, a prop trading program, and a modern custom platform. This platform seeks to help investors trade a range of altcoins and traditional assets, including gold and oil. Additionally, FXGuys plans to revolutionize DeFi trading with its funding program, offering talented and ambitious traders up to $500,000 in capital. However, investors must first pass the challenge phase by showcasing their trading skills to join the funding program. FXGuys also features a 'Trade2Earn' program, rewarding investors for every trade they complete. Investors receive $FXG utility tokens regardless of their trade outcomes, with traders with the highest volumes earning more $FXG. With the earned $FXG, investors can redeem various benefits, such as lower profit targets and increased drawdown limits. FXGuys splits all $FXG profits in a 20% to 80% ratio with investors.

Currently, the crypto market shows signs of recovering from a prolonged bearish trend. Tokens SUI and AAVE have exhibited significant growth over the week, while FXGuys, a new Ethereum-based platform, is attracting investors with its innovative solutions and potential returns.

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