The fall in the price of Ethereum to below $3000 has greatly affected other cryptocurrencies, such as Polkadot and Chainlink. Although the asset has recovered, investors have seen new opportunities in projects such as Fezoo’s Exchange. Still in presale stage 1, the global market saw the potential of this new token.
With an easy-to-use platform full of features, the new exchange brings unique benefits to its investors, including the possibility of passive income and a high potential return on investment. With promises to redistribute half of the fees generated by trades, the project has the potential to grow a lot.
Polkadot: Trading volume over the last 24 hours has almost been cut in half
The wave of downturns has hit DOT hard and it has already seen its price fall by almost 20% in the last 30 days, although its market cap remains high at $10.21B. This year the network introduced new parachains and improvements to its infrastructure. The relay chain, important for the security and stability of the network, is receiving upgrades to allow more efficient communication between parachains.
Polkadot's Named Proof of Stake (NPoS) consensus mechanism has also been improved to offer greater security without compromising efficiency. In total, the network has integrated five new parachains into its ecosystem, each with a new feature. These include projects focused on physical decentralized infrastructure and solutions for metaverses. All these investments are intended to put the platform at the forefront and give the project more vitality.
Chainlink begins to recover after accumulating almost 20% price reduction
Surpassing $14, Chainlink is back on track with an increase of almost 4% in 24 hours. Market capitalization also increased to over $8.7B. By improving the Cross-Chain Interoperability Protocol, the network intends to strengthen its token. For example, it greatly increased its transaction processing capacity at the end of last year, reaching more than 449 monthly messages in XCM format.
The community is very active and participative. With the release of version 0.2 of Chainlink's staking protocol, the community pool filled up quickly. The collaboration with Swift and other important institutions focused on using blockchain technology to prevent SIM card fraud shows the project's great potential.
Fezoo's Exchange captures investors' interest with unstable market and falling cryptocurrencies
In the first of six pre-sale phases, Fezoo’s Exchange token is being marketed for $0.013 — the lowest it would ever be. The project promises to offer an easy-to-use cryptocurrency exchange platform with several pairs available and low fees. Designed for traders of all levels, the intuitive design is impressing users.
However, the advantages don't stop at the platform’s ease of use, instant payments, or the ability to create an account without bureaucracy. The platform also has a rewards program and a VIP club full of extra benefits. Cashback, commission-free transactions, and passive income for investors.
All about Fezoo's Exchange is here on the website.
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