In a market of rapidly changing trends, it is important that investors are adaptable and always on their feet. This is to make sure that they don’t miss opportunities and react appropriately to new happenings. Expert investors have many sources they consult and always find out first when things change in the market – to be like them, investors need to stay informed.
Our analysis is a huge leap in that direction. We address the biggest tokens, Ethereum and Bitcoin, and the most important trends. This analysis also touches on the new Binance rival, Fezoo Presale. Find out all the information in the following paragraphs.
Ethereum’s Difficult Start to April Extends
At the end of March and despite a decline not long before, Ethereum was around $3.6K. Many investors had relaxed and anticipated a very positive April. So far, Ethereum has offered the opposite of that. It has fallen significantly, touching $3,218 at one point.
Its value as of press time is slightly more than this, at $3,387.81 per Ether. The signs don’t look too good for Ethereum which is now 4% worse than it was at this point in March. Many of the negatives from the previous month have returned and it may fall below support level before the week ends. Ethereum has also lost 6% compared to a week ago. It could be a very difficult month for Ethereum holders.
Bitcoin Begins Recovery?
Bitcoin looked like it was going to perform similarly to Ethereum but is doing better. It did record a big drop after Q2 started, falling from $71K to around $66K. However, Bitcoin is fighting back and climbing back up as of the time of writing. Whether spurred by the halving (and a possible increase in demand) or not, Bitcoin’s progress excites.
Bitcoin is $67,652.52 per unit at the time of writing. This surpasses prices from 30 days ago by 2%. It is 5.35% below values from seven days ago. However, the upward trajectory seems sufficient for investors who will be admiring the token again ahead of the halving which is only two weeks away.
Could Fezoo Overtake Binance?
Binance is the biggest crypto exchange and the go-to option for much of the industry. However, Fezoo is a new option that could clinch that spot from it. The new project is designed to foster decentralization and efficiency within the crypto exchange market. Fezoo seems to hold much promise that leads observers to think it could be the next best thing.
Fezoo is a DEX that takes on many of the classic benefits of centralized exchanges. It presents amazing features like accessibility and privacy by removing the barriers caused by KYC procedures. It also allows users to access a variety of options in pairs and currencies.
Besides trading, users can also provide liquidity or stake their tokens and get rewards from Fezoo. Users can also get assistance from its trading bots that help for efficient trading. With these features, it could be a reasonable alternative to and strong contender for Binance.
Buying Fezoo in stage one is the best option for investors who want to get the token for cheap. It costs only $0.013 in the first stage of its presale. Fezoo also has a revenue-sharing plan that uses up to half of its profits to pay loyal early investors.
Find out more about the Fezoo Coin (FEZ) presale by visiting the website here
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
