Fezoo (FEZ), a new decentralized exchange with a lot more to offer when it launches, is challenging the market’s status quo by attracting Bitcoin (BTC) and Celestia (TIA) investors. Bitcoin (BTC) is flying high after the approval of spot ETFs in early January and Celestia (TIA) seems to be losing momentum after reaching an all time high on February 10.
Is Fezoo (FEZ) the best new cryptocurrency to buy in Q1 as it attracts Bitcoin (BTC) and Celestia (TIA) holders?
Bitcoin (BTC) Tumbles Following Grayscale’s $12 Billion ETF Outflows
Bitcoin (BTC) holders soared with optimism on January 10 following the U.S. SEC’s approval of several spot Bitcoin (BTC) ETFs. This landmark decision paved the way for institutional capital to flood into the leading cryptocurrency and the broader market. Consequently, Bitcoin (BTC) surged to an all-time high of $73,750.07 on March 14, marking a significant milestone.
However, the euphoria was short-lived as Grayscale, a prominent digital asset management firm, dampened the celebrations. Bitcoin (BTC) witnessed a 10% decline from its peak, plummeting to $66,286 on March 22, under the weight of Grayscale’s actions.
The influx of funds into newly established ETFs since January has been counteracted by continuous outflows from Grayscale. Following the transformation of its Bitcoin (BTC) trust into an ETF, Grayscale faced substantial withdrawals surpassing $12 billion. This trend has introduced volatility into the market, prompting Bitcoin (BTC) holders to diversify their investments into promising ventures like Fezoo (FEZ).
Despite the setbacks, the Bitcoin (BTC) community remains resilient, navigating through fluctuations with a keen eye on emerging opportunities in the ever-evolving crypto landscape.
Celestia (TIA) Loses Momentum, Falls 30% from its ATH
Celestia (TIA), a high flying cryptocurrency, has taken a breather after a massive rally that took its price to an all time high of $20.91 on February 10. The cooling off has seen Celestia (TIA) lose nearly 30% from its peak value as its price fell to $14.72 on March 22. Part of this could be attributed to a market wide sell-off that was partly caused by Bitcoin (BTC) taking a breather.
Despite the dip, Celestia (TIA) has a lot to offer to investors. Celestia (TIA) is a modular data availability network tailored for scalable blockchain deployment. Leveraging data availability sampling (DAS) and distinguishing execution from consensus, Celestia (TIA) prioritizes streamlined blockchain functionality.
Fezoo (FEZ) Breaks the Norm By Attracting Top Investors
Fezoo (FEZ), a new decentralized exchange set to refine crypto trading, is projected to be a decent competitor to Binance, a behemoth in the growing industry. Centralized exchanges such as Binance have held sway over the cryptocurrency market. However, their susceptibility to hacking, lack of transparency and reliance on single points of failure have left traders yearning for a more robust and user focused solution. For context, hackers stole $3.8 billion across several exchanges.
Fezoo (FEZ) is entering the crypto scene to bring improved transparency and security to the space. It is for this reason that seasoned investors are drawn to Fezoo (FEZ) during its ongoing presale.
Investors who participate in the Fezoo (FEZ) presale will enjoy perks that include early access to the platform and a share of the revenue generated by the platform.
Find out more about the Fezoo (FEZ) presale by visiting the website here.
