Traders and investors are eagerly anticipating the launch of Fezoo (FEZ), an innovative decentralized exchange platform. With the upcoming debut drawing near, the Bitcoin Cash (BCH) and NEAR Protocol (NEAR) communities are buzzing with excitement. This comes as both Near Protocol (NEAR) and Bitcoin Cash (BCH) reached new highs in Q1 2024.
Will Bitcoin Cash (BCH) and Near Protocol (NEAR) traders be satisfied with the launch of Fezoo (FEZ) after so much excitement?
Coinbase Gives Bitcoin Cash (BCH) a Boast
Coinbase Derivatives is gearing up to introduce futures trading for Bitcoin Cash (BCH) and other altcoins including Litecoin (LTC) and Dogecoin (DOGE). In correspondence sent to the Commodities Futures Trading Commission (CFTC) on March 7, Coinbase Derivatives outlined its plans to launch monthly cash settled futures contracts for Bitcoin Cash (BCH). These letters detailed various aspects of the proposed contracts such as their sizes and more.
Interestingly, Coinbase Future’s plan to list Bitcoin Cash (BCH) derivatives came to light on March 20. This has caused the price of Bitcoin Cash (BCH) to rise from $350.89 on March 20 to $469.95 on March 23. As Bitcoin Cash (BCH) enjoys an uptrend, some of its holders are already buying Fezoo (FEZ) in anticipation of bigger gains.
Near Protocol (NEAR) Down 14% in 2 Weeks
Near Protocol (NEAR) is starting to show signs of weakness following a recent massive correction that cost traders more than $800 million in leveraged longs. On the weekly chart, Near Protocol (NEAR) is down 14% after falling from $7.70 on March 16 to $6.60 on March 23. However, zooming out on the monthly chart shows that Near Protocol (NEAR) is up an impressive 100% after rising from $3.27 on February 23 to $6.60 on March 23.
The decline could be a result of Near Protocol (NEAR) holders taking profits. There is a general feeling that the market might be bearish in the run-up to the Bitcoin (BTC) halving next month.
Fezoo (FEZ) Appeals to Seasoned Traders and Investors
Fezoo (FEZ) is revolutionizing the exchange platform landscape, offering users unprecedented control over their funds. Fezoo (FEZ) wants to minimize the dominance of centralized exchanges by prioritizing improved user experience, cheaper transactions and efficiency.
With Fezoo (FEZ), deposits and withdrawals are instant, eliminating the hassles often associated with traditional platforms. The platform has attracted a lot of investor attention during its presale, mainly due to its low price of $0.013 per Fezoo (FEZ) token.
Find out more about the Fezoo (FEZ) presale by visiting the website here
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