Is Litecoin A Good Buy As Supply Hits 75 Million? AAVE Investors Captured By FXGuys’ ($FXG) Trade2Earn Offer
The post Is Litecoin A Good Buy As Supply Hits 75 Million? AAVE Investors Captured By FXGuys’ ($FXG) Trade2Earn Offer appeared first on Coinpedia Fintech News
Litecoin recently reached a milestone of 75 million tokens in circulating supply. Meanwhile, Aave regained over $20 billion in net deposits.
With the new Trade2Earn program, allowing users to earn $FXG tokens for every trade, FXGuys is taking the TradeFi ecosystem by surprise. This article further uncovers these developments.
Litecoin Reaches 75 Million Circulating SupplyIn September 2024, Litecoin hit a major milestone, with its circulating supply reaching 75 million tokens, reflecting growing mining rates and adoption.
This increase in supply can impact Litecoin’s market sentiment, meaning more coins available in the market could improve liquidity and trading volume, but it also comes with its risks and opportunities.
If supply outpaces demand, LTC’s price may experience a decline. However, steady or increasing demand could help stabilize or even raise its value. The increase in supply also indicates more widespread usage of LTC for transactions. Currently, LTC is trading in the $66 price zone after about a 3% bullish rally over the week.
As Litecoin approaches its maximum supply of 84 million tokens, scarcity could drive up demand in LTC, possibly leading to price increases. With only 9 million LTC left to mine, market analysts will be closely monitoring Litecoin’s trajectory in the coming years.
Aave Regains $20 Billion in Net Deposits Amid Market RecoveryAave, marked as one of the largest DeFi protocols, has regained over $20 billion in net deposits following a recent market recovery. The protocol, which ranks just behind LidoDAO, is seeing rapid growth, driven by its lending platform feature and the expanding supply of its native stablecoin, GHO.
With total value locked (TVL) on Ethereum reaching $12.5 billion, Aave’s overall TVL across 13 chains now stands at $20.53 billion, surpassing EigenLayer. Aave also maintains more than $7.5 billion in active loans backed by excess collateral, ensuring stability and security for lenders.
The AAVE token has been performing well, surging to the $177 zone before consolidating in the $169 zone. Analysts anticipate a potential breakout above the $200 mark, with predictions of further growth driven by Aave’s solid position in the DeFi space.
Aave’s native stablecoin, GHO, is also seeing rapid growth, nearing a 175 million token supply, which could further trigger AAVE token burns and further increase demand for assets in the AAVE ecosystem.
FXGuys: Redefining Trading with Trade2Earn RewardsFXGuys is a first-of-its-kind decentralized brokerage, offering traders a unique combination of innovative features and profit opportunities.
At the heart of its appeal is the FXGuys Trade2Earn program, the first of its kind program that allows traders to earn rewards in $FXG tokens simply by executing trades, regardless of profit or loss.
This rewarding mechanism sets FXGuys apart from other TradeFi and PropFi platforms, providing an additional incentive for traders.
Beyond Trade2Earn, FXGuys is packed with numerous integrated features that improve users’ trading experience. From advanced analytics to social trading tools, FXGuys caters to traders at every level of experience.
FXGuys’ native token, $FXG, plays an important role within the ecosystem. Earned through trading, $FXG can be used for governance participation, platform fees, and purchasing exclusive trading challenges.
Currently, in Stage 1 of its public presale at $0.03, investors or traders who purchase the $FXG token stand to gain over 33% returns when the presale hits Stage 2. With less than 40% supply to go in this current stage, investors can also earn more profits when $FXG launches at $0.10.
Seize the 233% Profit Opportunity with the $FXG Presale!FXGuys is revamping the TradeFi ecosystem with its new Trade2Earn program, allowing users to earn $FXG tokens for every trade, regardless of profit or loss. FXGuys also offers advanced analytics, social trading features, and an interface for traders of all skill levels.
Currently, in Stage 1 of its public presale at $0.03, $FXG offers investors over 233% returns when the presale concludes with a price of $0.10, making this the best time to invest in the $FXG presale.
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