In a week where the crypto market spiraled under the weight of bearish sentiment, Polkadot (DOT) and Solana (SOL) found themselves bleeding value—crippled by a hawkish Federal Reserve (Fed).
Yet, as these giants falter, a new player has risen from the shadows: FX Guys ($FXG). With its audaciously innovative trading ecosystem, this burgeoning proprietary trading platform is grabbing the attention of both skeptics and visionaries alike.
Polkadot and Solana: From Titans to Tumble
Polkadot, a revolutionary multichain protocol once celebrated for its potential, has been knocked down by 29% in a mere week.
Why? Profit-hungry sellers are ruling the roost, squeezing out every ounce of gain.
Solana fares no better—its descent below the critical $200 mark to $187.29 has rattled investor confidence.
Jerome Powell, the Fed chair hinted that interest rate cuts would slow down in 2025.
As a result, Lennix Lai, an executive at crypto exchange OKX, opined that this development had triggered a bearish momentum in the crypto market, and stated, “This market is reacting strongly to expectation setting from the Fed on rate cuts next year…
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