Fezoo leverages its innovative approach to developing decentralized crypto exchanges to attract the attention of investors in two of the largest layer 1 blockchains on the market, Avalanche and Ethereum. This should come as no surprise to experienced crypto holders and investors. fezou Although still in its early stages, it has the potential to shake up the cryptocurrency world.
Avalanche price correction analysis
Avalanche has fallen 14.1% over the past week due to the bearish outlook for the crypto market. All current indicators point to bearish momentum in the short term. It's no secret that the Avalanche has been a little overbought on the market in recent weeks. This is backed by the RSI index, which determines whether a cryptocurrency is overbought or oversold. Avalanche's RSI is close to the overbought zone, suggesting that investor excitement is waning.
Over the past two days, Avalanche has gone from bullish to bearish and experienced a notable change in stops and reversals. This is to be expected given the price decline, but it makes Avalanche's performance even more important. SAR tools are ideal for this observation, as they help identify momentum changes and reversals. However, many experienced traders point out that this is only a small adjustment in the grand scheme of things.
Concerns about Ethereum ETF delays
Ethereum is also looking quite bearish over the past week, with its price down 7.8%. A big reason for this move is the latest news regarding the highly anticipated Ethereum ETF. The SEC is investigating the Ethereum Foundation, raising concerns among many that the issuance of ETFs containing cryptocurrencies could be delayed. Obviously, this includes the ETH ETF.
Nevertheless, experts remain bullish on Ethereum in April. Historical data shows that April has always been a positive month for the second-largest cryptocurrency, and there is no particular reason why this year will be different. Notable increases in April include 2017: +66.77%, 2018: +70.19%, and 2020: +55.04%. Even considering ETH's average return in April, a target price of $4,500 doesn't seem too far-fetched.
Fezoo is considered a priority by investors
Both ETH and AVAX investors are attracted to low fees. Provided by Fezoo, as well as the fact that no KYC is required to start trading. Elements like this will become very common in the future of blockchain. Users can earn passive income by staking their tokens. This is accompanied by a revenue sharing system where his 50% of all trading fees are distributed to all pre-sale token investors in proportion to their holdings.
Fezoo is determined to be the most transparent and safe decentralized exchange possible. The audit has passed completely and users will be able to view all transactions and records. Team tokens are locked for 16 months and liquidity is locked for 50 years, ensuring maximum safety. Overall, we think this is a very impressive project with the potential to be the next blue chip cryptocurrency, and we think the Phase 1 starting price of $0.013 is a great bargain.
For more information, please visit Fezoo's official website. Website
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