In the wake of the recent US presidential election results, decentralized finance (DeFi) tokens, are experiencing a significant surge. Traders expect the Donald Trump administration to strengthen the investment appeal of holding utility tokens. Leading the charge, altcoins such as Uniswap (UNI) have seen a remarkable 24% monthly increase, while FXGuys ($FXG) braces for a new all-time high (ATH).
Following a sharp daily uptick, Uniswap recorded a local price high of $9.58 this week. The FX Guys offers exceptional customer support, trading guides, voting rights, and other exciting features. FXGuys is quickly becoming a top blockchain and trading token for new and experienced crypto investors. This article explores the performance trajectory of these two select altcoins after the US election results.
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Uniswap (UNI) Surges Amid Regulatory Optimism Following US Election
Donald Trump secured the US presidency on Nov. 6, defeating Vice President Kamala Harris. UNI then saw a daily increase of over 35% to an all-time high of $9.58 in three months. Charlie Sherry, head of finance and cryptocurrency analyst at BTC Markets, commented that DeFi tokens were previously seen as “useless governance tokens” due to fears of enforcement action from the SEC, exemplified by the probe into Uniswap Labs.
Trump’s victory could lead to the resignation of SEC Chair Gary Gensler, sparking “regulatory optimism” in the market. Sherry said this is how much markets anticipate a friendlier environment for DeFi projects. Interestingly, Sherry noted how Uniswap’s new layer 2 Unichain transforms this altcoin from a UNI governance token into a utility asset, thereby expanding its investment appeal.
FX Guys ($FXG) Presale Soars with 132 Million Token Sales and Promising Features
FXGuys’ cryptocurrency ICO has sold nearly 132 million tokens in three phases, including the seed and private rounds. The $FXG token initially sold for 0.01 USD but has shot up to 0.03 USD in the current first public presale round. This quick rise indicates the likelihood of a massive rally once its native token goes live at 0.1 USD.
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The rewards from the FXGuys Trade2Earn model can be converted into trading perks like increased drawdown limits. Users can earn passively by staking their tokens and also gain up to 20% of the platform’s annual trading profit. The protocol’s no-KYC requirement ensures setting up your account to enjoy presale profits is seamless and private.
Another key feature of this cryptocurrency ICO is its focus on helping traders grow through funding opportunities. Qualified traders can access funded accounts up to $500,000, which means one can trade with the platform’s capital while sharing profits. Also, SolidProof thoroughly reviewed its smart contract; every transaction and information on FXGuys is secure.
Conclusion
The ongoing altcoin surge in the crypto market highlights optimism for a more favorable regulatory environment under the Donald Trump administration. Following the market uptick, UNI recorded a three-month price peak. With its potential for profitability and innovative trading approach, the FX Guys is set for a new all-time high of 0.04 USD in its presale stage two.
To participate in this appealing blockchain and trading project, visit the presale home page and follow the instructions. Once the blockchain confirms your purchase, your tokens will reflect on your dashboard.
To find out more about FXGuys follow the links below:
Website | Whitepaper | Socials | Audit
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