Crypto traders’ taste has widened beyond using trading and exchange platforms to buy, sell and swap tokens. They now want transparent exchange services, a reward system, and total control.
Since Fezoo (FEZ) is meeting these growing traders’ tastes, many are rallying to the platform), including Stellar (XLM) and Ethereum Classic (ETC) holders, anticipating breakthroughs in crypto exchange services.
Fezoo Presents Breakthrough in Crypto Exchange Services
Fezoo, at its presale stage, will be one of the foremost decentralized exchange platforms offering users the best approach to trading.
For a while now, these traditional crypto exchanges have been moving from one imbroglio to another, with users bearing the brunt. You would recall the FTX collapse in 2022, followed by Binance and other exchanges facing sanctions across several countries. These issues have eroded confidence in investors’ minds, and they anticipate breakthroughs in crypto exchange services, which is evident in Fezoo.
Fezoo (FEZ) will mint 500 million tokens, and 65% of the supply will be reserved for presale investors. This reserve is a viable investment avenue for investors with a long-term goal of earning huge returns. During this ongoing presale, they can buy FEZ for just $0.013 and hold for as long as possible while expecting huge returns.
Stellar Partnership with Validation Cloud Lead to Continuous Downtrend
Since the bull market began, we have seen several partnerships and collaborations in the blockchain ecosystem. One such partnership is Validation Cloud, supporting mainnet on Soroban, Stellar’s smart contracts platform.
While we expected Stellar to react to this support with a price value uptick, it dropped. On the day of the support integration, XLM traded at $0.146 and fell to $0.137 a week after, signaling a 6.16% dip in its value. As of this writing, it has dropped to $0.130, having recorded a 6.53% decline in the last seven days.
Some analysts say this continuous downtrend may be unrelated to the XLM and Validation Cloud support, as they point towards the general negative sentiment across the crypto market.
Ethereum Classic Moves Above $30
The price fluctuation is not peculiar to Ethereum Classic alone, as several other tokens have given mixed signals in the past week. In the last 42 hours, it has moved between $28.89 to $30.10. The ETC price has soared and dipped between these two prices before finally crossing the $30 mark.
The impact of this price fluctuation is that the dip could be more significant than the recovery, which will affect investors’ confidence in ETC in the long run. For instance, how do you expect investors who saw ETC rise to the yearly high of $39.62 to react to it now at $30.10? They will likely pull out and create negative sentiment across the crypto market because the more they pull out, the more the price value drops.
Find out more about the Fezoo (FEZ) presale by visiting the website here.
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