Early reports suggest that the U.S. SEC could strike a blow to Ethereum (ETH) investors by denying the digital asset’s spot ETF in May. Meanwhile, investors are quietly buying a new cryptocurrency regarded as the best altcoin to watch in Q2 2024.
Fezoo, a new decentralized exchange tipped to challenge Binance, is attracting XRP and Monero (XMR) investors who want to diversify their investments. These two communities—Monero and XRP—are helping Fezoo (FEZ) gather as many eyeballs as possible.
Is Fezoo (FEZ) a good crypto investment? Let’s explore.
XRP under fire as SEC demands $2 billion in penalties
XRP is adamant that the $2 billion demanded by the U.S. SEC to settle charges is too high. Additionally, XRP claims that $10 million is a fair fine to pay for the dispute. XRP was found to have violated some rules by selling its XRP tokens to institutional entities.
This latest development has rattled the XRP community as such a heavy fine could hurt the price of XRP. XRP is currently trading at $0.5323 after gaining 0.2% in the last 24 hours. In the past month, XRP tanked 15.7%, and analysts believe there is potential for further downside.
Monero (XMR) investors closely follow the Samourai Wallet saga
Monero investors have been forced to closely follow the arrest of founders of Samourai Wallet — a crypto mixing service. The arrest comes as the U.S. intensifies its onslaught against crypto mixing tools that can be used to facilitate private and anonymous transactions. Monero (XMR), a privacy coin, is naturally affected by such developments.
In early February, Monero suffered a setback when it was delisted from Binance. XMR investors are worried that these arrests could deter people from using privacy coins in the future. Monero (XMR) is trading at $121.30 at press time, marking a loss of 9.5% in the past month.
Fezoo (FEZ) pulls in investors
The allure of Fezoo (FEZ) has caught up with Monero (XMR) and XRP investors, who are buying the new cryptocurrency for only $0.013 in stage 1 of its presale.
Fezoo is positioning itself as a game-changer in the crypto trading sector. It aims to focus on issues that include state-of-the-art security, transparency, and decentralized governance. Behind the scenes, Fezoo (FEZ) developers are working to deliver a top-notch user experience that will onboard the next wave of Web3 users.
Presale investors have to benefit as they will earn passive income from Fezoo. They are entitled to a share of 50% of revenue generated on the platform. Investors are lining up to join the Fezoo (FEZ) presale in anticipation of huge gains in the coming months.
Find out more about the Fezoo (FEZ) presale by visiting the website here.
Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.
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