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Binance, the world’s largest cryptocurrency exchange by traded spot volume, is set to face its stiffest competition from an unlikely player — Fezoo (FEZ).
This is not an easy task for any exchange to pull off, given that several cryptocurrency exchanges have failed to do so. However, this is becoming more realistic as Cardano (ADA) and Bitcoin (BTC) investors bet on Fezoo (FEZ). Investors are wondering why this new exchange is hyped to dethrone the current market leaders. Here is why.
Cardano (ADA) Investors Welcome 500% Surge in Fund Flows
Cardano (ADA) holders are on cloud nine after CoinShares disclosed that Cardano (ADA) has surged to the forefront of the cryptocurrency market, experiencing an astonishing 500% increase in fund flows over the past week. The report revealed that investments linked to Cardano (ADA) soared to $1 million. This surge signifies that investor sentiment is shifting to the Cardano (ADA) ecosystem.
The development has not yet translated to the impact that Cardano (ADA) investors would have liked to see. At press time, Cardano (ADA) is trading at $0.5051, an increase of 7% over the past week.
Analyst: Bitcoin (BTC) Has Everything Going in its Favor
Bitcoin (BTC), the world’s largest cryptocurrency, has not yet shaken the crypto industry after its much-anticipated halving event. However, this has not yet dampened the spirits of Bitcoin (BTC) investors, who are hopeful that a mega-pump is still on the cards. To ease their minds, an analyst claims that Bitcoin (BTC) is in a strong position and investors should not worry about long-term prospects.
The analyst said that it was not realistic to expect the price of Bitcoin (BTC) to soar immediately after the halving event. This was a similar case after the U.S. approved multiple spot Bitcoin (BTC) ETFs on January 10. Bitcoin (BTC) did not immediately pump, with some analysts saying the approval was a “buy-the-rumor, sell-the-news” development. The analyst expects Bitcoin (BTC) to reach $100,000 in 2024.
Fezoo (FEZ) Presale Attracts Top-Tier Investors
Fezoo (FEZ), an upcoming DEX, has shown that it is not punching above its weight by trying to wrestle the lion’s share of traders from centralized exchanges such as Binance. Cardano (ADA) and Bitcoin (BTC) communities have thrown their weight behind Fezoo (FEZ) during its presale, helping it to attract even more communities.
Fezoo (FEZ) is focused on reshaping the digital asset trading industry. It aims to create a secure, transparent, and efficient trading platform for the masses. In addition to buying each token at a discounted price of $0.013, presale investors have many perks to look forward to. These include early access to the Fezoo (FEZ) exchange and a share of the revenue generated on the platform.
Investors are signing up to get early into the Fezoo (FEZ) presale as analysts claim that FEZ is the best new altcoin to buy in 2024.
