The end of September saw another failed launch, as Hamster Kombar (HMSTR) plunged as soon as it hit exchanges, leaving HMSTR investors to wonder what happened. However, new launches aren’t the only ones suffering, as major player Cardano (ADA) has been offering nothing but disappointing price action to ADA holders.
With this in mind, HMSTR and ADA holders have shifted to FXGuys ($FXG), a new project that has the utility and value to become a long-term player in the market and outperform the majority of the established players.
Hamster Kombat Plunges Even After Massive Hype and Popularity
The crypto market has proven once again that popularity and hype aren’t enough for a new launch to succeed. This time, Hamster Kombat has helped remind us of this, as it plunged as soon as HMSTR hit exchanges.
Namely, since its launch on September 26, HMSTR managed to go from $0.009496 to its current price of $0.004549, marking a 47.75% decrease in its value. All HMSTR numbers are down, which caught Hamster Kombat investors by surprise as Hamster Kombat enjoyed massive hype and popularity leading up to its launch.
Hamster Kombat enthusiasts were expecting a huge boom when HMSTR was to be launched, with many of them playing the game vigorously and completing tasks to earn tokens. However, the opposite happened, and everything started to go wrong a few days before the launch when Hamster Kombat introduced anti-cheating mechanisms.
When this happened, Hamster Kombat players flooded Twitter (X) with negative comments, but they still held on to their tokens as they expected HMSTR to bring in a substantial amount of profits. Another reason why the launch failed and HMSTR is showing no signs of recovery is the fact that holders are quite disappointed in the HMSTR token distribution.
Experts see very slim chances of recovery for Hamster Kombat, as the token is primarily driven by sentiment, not utility, and sentiment around HMSTR is currently extremely negative.
Cardano Is Facing Intense Selling Pressure
If you’ve been a regular participant in the crypto market, you knew that we would see a correction across the whole market after last week’s surge. However, even though retracements were expected, Cardano’s ADA shocked everyone by being one of the tokens to dip the most, excluding memecoins, of course.
Out of all the utility tokens, ADA dipped the most, and Cardano holders seem to be fed up with the performance that ADA has been giving in the past months. Namely, even before this dip, ADA didn’t really show any significant movements, with many declaring Cardano as a “dead coin” as a result.
Now, in just 7 days, ADA is down by 7.50%, reaching $0.35. The Cardano market cap is also down, but ADA’s trading volume is still holding on. However, the trading volume movement isn’t necessarily a positive thing, as this could also indicate that people are selling their ADA holdings and moving on.
Cardano whales have also slowed down significantly, showing decreased interest in ADA after so many disappointing price movements. With ADA whales not in the picture, experts say that now is not a good time to hold or buy ADA, as ADA could drop even further in the near future.
This bearish sentiment for Cardano is also confirmed by ADA’s technical indicators, with its RSI showing bearish divergence, indicating great possibilities of more declines instead of recoveries.
FXGuys: A Platform Made by Traders for Traders
As ADA and HMSTR struggle, $FXG has sailed in to give them hope of recovering what they’ve lost. FXGuys is a new and innovative brokerage and prop firm that combines the best of DeFi, TradFi, and PropFi to bring about a service that caters to both traders and investors.
Namely, FXGuys is primarily a PropFi platform that allows traders to use both Solana and Ethereum to trade and make money. In addition, FXGuys offers funded accounts between $200,000-$500,000, allowing its users to trade without risking their own capital.
As a prop firm, FXGuys brings about a breath of fresh air to traders who are fed up with the current state of the industry. Namely, FXGuys users will get same-day payouts, advanced analytics, cutting-edge technology, excellent security and privacy, and the ability to withdraw their earnings whenever they want with no limits.
Experts say that this is exactly what the prop trading industry needs right now, as more and more traders have come out to shed light on the poor conditions given to them by current prop trading firms. However, the perks that FXGuys offers don’t end there.
FXGuys also allows users to earn $FXG tokens by simply trading, no matter the outcome of their trades. Also, investors can fund traders directly and get a share of the profits. Speaking of which, experts also praise FXGuys on its fair distribution system, with 80% of profits earned via funded accounts going to the trader while the rest will go to FXGuys.
Investors and traders can also stake their $FXG tokens and earn double-digit % APY, as well as get a share of the profits from spreads, trading fees, the trader funding program, and more. FXGuys will also hold monthly competitions where users can win lucrative rewards.
$FXG: Expected To Skyrocket Once It Hits Exchanges
Unlike HMSTR, $FXG has solid grounds on which it can surge and bring massive gains to early holders. Namely, the first reason why experts say $FXG will be one of the most profitable crypto investments of this year is its utility.
$FXG is not simply a token that relies on memes or playing games and earning rewards, but it is the native token via which all transactions on FXGuys will be conducted. As such, $FXG has true value that will only go up as $FXG hits exchanges and more and more traders switch to FXGuys to make their daily trades.
Also, $FXG has excellent tokenomics and distribution in place, which will allow $FXG to continue to go up in value no matter the state of the market. Right now, $FXG is available at $0.03 in Stage 1 of its public presale, a presale that will end when $FXG reaches $0.1. Thus, Stage 1 $FXG investors will get over 200% presale ROI just by holding $FXG until its launch.
However, $FXG has much more potential than that, with 100x ROIs in the near future for early holders. Experts say that we only need to wait a few weeks for word about FXGuys to spread, and then we’ll start seeing incredible rewards for our patience!
To find out more about FXGuys follow the links below:
Website | Whitepaper | Socials | Audit
Exclusive FXGuys Promo Code:
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