The cryptocurrency market is known for its volatility and does not disappoint. Recent price action alternates between bullish and bearish, leaving traders and investors wondering when the market will pick its direction.
A lot of bad news is already in the rearview mirror and analysts expect the uptrend to continue in the long-term. With that said, Fezoo (FEZ), a new decentralized exchange, has piqued the interest of Hedera (HBAR) and Polygon (MATIC) investors, who see the new asset as a chance to ride the wave of potential gains amidst the turbulent market conditions.
Let’s explore why Fezoo (FEZ) is poised for 20x gains, helping it attract Hedera (HBAR) and Polygon (MATIC) investors.
Hedera (HBAR) Extends Losses
It is common knowledge that the past few weeks have been tough for crypto investors, including Hedera (HBAR) holders. At press time, Hedera (HBAR) is trading at $0.0924, down 13% in the past month. However, Hedera (HBAR) has consolidated in the last 24 hours, rising 3% in that period.
Analysts have warned that Hedera (HBAR) and other altcoins could see further losses before the bull market goes into full swing. Hedera (HBAR) investors claim that the asset is on discount as it is 85% down from its 2020 peak, creating room for big gains at the blow-off top of this cycle. On the other hand, cautious investors are cutting down their Hedera (HBAR) investments and fleeing to low-cap cryptocurrencies or new projects in their presale stages.
Polygon (MATIC) Loses the $0.7 Support Level Momentarily
Polygon (MATIC), a layer-2 network for Ethereum (ETH), has been on the receiving end of the recent nasty dip, falling below the crucial $0.70 key level. However, it has since recovered. At press time, Polygon (MATIC) is trading at $0.7386, a 23.8% slide in the past month. Before the correction, Polygon (MATIC) climbed to a high of $1.27 on March 14, prompting more investors to bet on Polygon (MATIC) in anticipation of a move above its previous peak of $2.92 reached in December 2021.
With the recent dip, Polygon (MATIC) is 76% down from its previous peak, leaving investors worried that the layer-2 network may not be the star performer that it was in the last bull market.
Fezoo (FEZ) Attracts Investors Due to Promise of 20X Gains
The recent dip in the cryptocurrency market has left investors shocked and spooked. Polygon (MATIC) and Hedera (HBAR) investors have started investing in Fezoo (FEZ) in anticipation of 20X gains. This comes after analysts claimed that Fezoo (FEZ) was one of the best new altcoins to buy in Q2 2024.
Fezoo (FEZ) was created as a solution to the vulnerabilities of existing exchanges, which have lost more than $4 billion at the hands of nefarious actors. As a resilient decentralized exchange, Fezoo (FEZ) is counting on its military-grade security, high liquidity and user-friendly interface to attract and retain users.
At the same time, investors are drawn to the Fezoo (FEZ) presale because of perks that include early access to the platform and revenue sharing. Investors who want a piece of the Fezoo (FEZ) pie can buy its tokens for only $0.013 in the first stage of its hyped presale.
Find out more about the Fezoo (FEZ) presale by visiting the website here.
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