The crypto industry is buzzing with excitement after the successful fourth halving event that took place on April 20. Investors are confident that this much-anticipated event could spur an altcoin season and see cryptocurrencies reach new highs.
It is during these bullish moments that investors in altcoins such as VeChain (VET) and Filecoin (FIL) dare to invest in new but promising projects such as Fezoo (FEZ). Fezoo (FEZ) has been lauded as one of the top crypto coins to buy in Q2, making it easy for VeChain (VET) and Filecoin (FIL) investors to throw their weight behind the new digital asset.
Analyst: VeChain (VET) Could Hit a New All-Time High
Despite experiencing a notable downturn over the past week, an analyst believes that VeChain (VET) could surge to a new peak. The optimistic analyst draws parallels between the current price movements of VeChain (VET) and those witnessed during the latter half of 2020. VeChain (VET) is trading at $0.04 at the time of writing, down 4.4% in the past week.
The analyst suggests that VeChain (VET) may undergo a temporary retracement to around $0.032 in the coming days before embarking on a bullish ascent, potentially reaching as high as $0.60. VeChain (VET) is down 85% from its all-time high of $0.2782, reached in April 2021.
Filecoin (FIL) Down Almost 25% in 14 Days
Filecoin (FIL) has had a less-than-stellar performance in the last two weeks. At the time of writing, Filecoin (FIL) is trading at $6.66, a 23% slide in the past two weeks. To be fair, Filecoin (FIL) was not alone in this, as the entire market saw a deeper correction that saw leveraged longs liquidated.
On the other side, the volatility is good for Filecoin (FIL) investors because they can buy again at lower prices. Analysts expect prices to remain muted for some time before a notable uptrend can continue. Filecoin (FIL) investors are weary that their asset is down 97% from its previous peak of $237 reached in the last bull market.
Investors Gravitate Towards Fezoo (FEZ)
Fezoo (FEZ), a new player in the competitive DEX space, has captured the attention of discerning investors. This is mainly because Fezoo (FEZ) is offering military-grade security to ward off bad actors who have stolen billions from exchanges. At the same time, Fezoo (FEZ) is focusing on shipping out a platform with great user experience. This delicate balance it aims to strike is exactly why it has garnered so much attention.
Fezoo (FEZ) will have no KYC requirements, making it a magnet for users looking to trade cryptocurrencies worldwide without long-winding KYC checks. This will allow the platform to generate more income, a key factor in drawing a large number of presale investors. Fezoo (FEZ) will share half of the income it generates with presale investors.
Investors are now aggressively investing in Fezoo (FEZ) thanks to its compelling value proposition and low entry price. Fezoo (FEZ) tokens can be bought for only $0.013 in the first stage of its highly-anticipated presale.
Find out more about the Fezoo (FEZ) presale by visiting the website here.
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