As Fezoo’s popularity continues to spread, it gains attention from traders as an upcoming decentralized exchange. Those who trade Cronos and Arbitrum are eyeing the exchange’s presale entry due to its projected 800% ROI. As more traders act swiftly on the protocol’s presale, it may become an investment choice for others who want to bolster their portfolios.
Cronos has been ranging, circling the same price point for a while now. It was circling around $0.13 late in March, and now, in April, it has gotten much worse. As of press time, it currently trades at $0.12, having experienced a 10% decline in the last 24 hours. However, price analysts believe the market is this way because the token is gathering momentum to kickstart a bullish run. It could be possible, as the last seven days have seen an overall price increase of 8%.
Its market cap has also dropped to $3.1B, while its trading volume has constantly passed $10M over the past week. Experts say the price surpassing and ranging above the $0.15 support level can only mean a future bullish prevalence. Although it still appears weak, it may happen once Cronos passes the $0.1565 resistance level.
Arbitrum is one of the first L2 solutions to enter the market. After breaking its $1 resistance in October 2023, it rose steadily, hitting its all-time high of $2.397 before finally backing up to below $2. Early in March, it rose above $2.23 again before taking a steady decline and ranging between $1.6 and $1.7. This led to an overall $28.1% decrease in price over 30 days.
Its market capitalization stands at $4.07B. Yet, it is believed that due to the influx of other L2 solutions into the market, its market share is gradually being taken away. No one can say, but Arbitrum might cross the $2 mark before the year runs out.
Fezoo, which is in its stage 1 presale, has received attention from many traders who believe in its potential to give an 800% return. Due to the uncertainty surrounding Cronos and Arbitrum, their traders are eyeing the Fezoo presale and buying into it en masse. Fezoo is a new decentralized exchange that will allow users total control over their funds. It will provide instant deposits and withdrawals with significantly lower trading fees.
Its presale is currently ongoing for $0.013, and people who hold these tokens will be entitled to a few privileges after its launch. They can participate in the platform’s governance and earn a share of its revenue. Since it has passed its audit, more traders have shown confidence in it. Some even say it might become a blue-chip crypto in the future.
To learn more about Fezoo, click here.
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