Binance has long established itself as a top player in the decentralized exchange space and is the world's largest decentralized exchange platform. Fezoo is a new DEX platform aiming to outpace Binance.
Polkadot and Cardano's investors have been monitoring the progress of Fezoo since the beginning of its presale. These investors, fueled by how much Fezoo has achieved in so little time, have begun buying into the new platform, especially as analysts predict up to 20x gains from Fezoo.
Polkadot could still reach $20 despite recent declines
Polkadot is one of the top 20 cryptocurrencies, according to data from CoinMarketCap. Polkadotinvestors will hope the new week can bring better fortune as Polkadot has declined by more than 8.67% in the last 7 days. Over an extended period, Polkadot has not done much better, with its 30-day charts showing a decrease of 11.68% from the previous month.
Polkadot is trading at $8.64, and experts believe that if selling pressure persists, the coin can drop below $6 before the end of the year. Some analysts hold an optimistic view and believe that Polkadot can still reach $15 before the end of the year.
Polkadot has a market cap of $12.3 billion and a 7-day trading volume of $2 billion.
Cardano's decline raises concern
Cardano is currently the 9th largest cryptocurrency by market cap according to CoinMarketCap'sranking. The coin has a market cap of $20.92 billion and a fully diluted market cap of $21 billion.
Cardano has fallen by more than 9.31% in the last 7 days and is trading at $0.5906. Over the previous 30 days, Cardano has seen a drop of more than 23%.
Investors are concerned that the recent decline may continue for much longer and are already seeking better investment opportunities like Fezoo to make more significant gains.
Fezoo is gunning to be the number-one DEX platform
In a market where Binance stands as king, a new decentralized exchange platform is rising and gaining momentum to outpace Binance. Fezoo has set its sights at the top of the ladder and with its innovative features, there is no doubt that it can become the number one DEX platform.
Fezoo provides an enjoyable trading experience for users, easing the process as they engage the market. The platform has trading bots that users can interact with to copy and submit specific trades automatically. The more trades made on the platform automatically translates to more revenue generated, which can be as high as 70% of the initial deposit, depending on the total volume traded.
Presale is currently ongoing for the new exchange multi-sided platform, Fezoo. Fezoo is currently in stage one of its presale, with a token selling for only $0.013. Analysts believe it is a great investment opportunity, especially for crypto savvy investors. According to experts, Fezoohas the potential to bring returns up to 20x before the end of the year.
The exchange requests ridiculously low transaction fees for crypto to crypto or fiat to crypto transactions. 50% of total revenue generated on the marketplace will be allocated to early adopters guaranteed and token rewards are locked for 16 months while liquidity is locked for 50 years.
Find out more interesting details about the Fezoo presale by visiting the website here
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