The crypto industry is big enough for new and innovative players. Stellar (XLM) and Cosmos (ATOM) traders are predicting that Fezoo (FEZ), a new decentralized exchange (DEX), will become a platform of choice for users who want improved security, lower fees and transparency.
When Fezoo (FEZ) launches, will it be worth the salt of Stellar (XLM) and Cosmos (ATOM) traders who are eagerly waiting for its crypto exchange services?
Stellar (XLM): Soroban Goes Live, $100 Million Allocated to Adoption Fund
The Stellar (XLM)Development Foundation (SDF), a nonprofit organization dedicated to nurturing the growth and advancement of the Stellar (XLM) network, announced on March 19th that Soroban, the long awaited smart contracts platform, is now live on the network’s mainnet. Soroban empowers developers to construct, deploy and engage with decentralized applications (Dapps) built on the Stellar (XLM) blockchain, opening doors for innovation and accessibility in the realm of financial services.
In a bid to foster innovation on Soroban, SDF has committed a substantial $100 million investment towards projects harnessing the network's smart contract capabilities. In terms of price, Stellar (XLM) has not yet capitalized on the news. The price of Stellar (XLM) fell from $0.1362 on March 19th to $0.1298 on March 23rd, indicating a 4% decline.
The decline is not a solo act for Stellar (XLM) as the market has taken a downturn. Due to this, Stellar (XLM) and Cosmos (ATOM) investors are starting to invest in Fezoo (FEZ).
Cosmos (ATOM) Underperforms, Down 1.61% Year-on-Year
The crypto market has been red hot in the past few months mainly due to the approval of Bitcoin (BTC) ETFs in the U.S. However, Cosmos (ATOM), a project that claims to solve the hardest problems faced by the blockchain industry, has performed below par.
Cosmos (ATOM) is down 1.61% in the past year after its price fell from $11.70 on March 24th, 2023, to $11.48 on March 23rd, 2024. On the weekly chart, Cosmos (ATOM) is down 10.42%. This indicates that Cosmos (ATOM) holders have not enjoyed the gains that other altcoin holders have reaped.
This has prompted some Cosmos (ATOM) holders to look elsewhere, with Fezoo (FEZ) offering an opportunity to make up for lost gains.
Traders Anticipate the Launch of Fezoo (FEZ)
There is a solid reason why Stellar (XLM) and Cosmos (ATOM) traders are keenly waiting for the launch of Fezoo's (FEZ) decentralized exchange. Fezoo (FEZ) is a platform that meets traders' needs by offering an innovative, low cost, secure and transparent trading platform.
By eliminating KYC, Fezoo (FEZ) will become an important player in the crypto market as it will have a wider reach and help to onboard more people to the crypto industry. Investors have also jumped onto the Fezoo (FEZ) bandwagon as they are buying FEZ tokens in stage 1 of its presale, where each token costs only $0.013.
Analysts predict that Fezoo (FEZ) is the next big cryptocurrency that serious investors need to have in their bull market portfolio.
Find out more about the Fezoo (FEZ) presale by visiting the website here.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
