The cryptocurrency industry is watching a new order be born. Investors are fed up and are searching for alternatives that were not available on platforms like Ethereum (ETH), the most popular in the space. This has resulted in high demand for Polkadot (DOT), and Litecoin (LTC), however, a new DEX that is trending nowadays, Fezoo, which is a unique platform.
Polkadot (DOT), Litecoin (LTC), and Fezoo (FEZ)
Ethereum, a major player in the DeFi, is having a hard time with network congestion and sky-high gas fees. This has thus resulted in a backlog, forcing people to look for other transaction avenues. Polkadot or DOT is a project that was previously dependent on Ethereum and it is one of the best examples for this shift. However, the recent price increase still does not bring DOT anywhere close to its all-time high, with investors probably searching for a more useful project to take advantage of DeFi capabilities.
On the other hand, Litecoin (LTC) as well is at the moment recovering. BCH’s transaction speeds are faster and its fee is lower than BTC, which has brought the price increase YTD. But the stock market’s past volatility should lead to diversification.
Fezoo presents a more than just simple alternative for Litecoin owners by speed and cost. In contrast to the centralized exchanges, Fezoo is a platform with a wide market where LTC can be traded against a lot of digital assets. This provides LTC investors with the ability to explore new investment avenues, thus the possibility of multiplying their yield. Furthermore, Fezoo is enabled by the DeFi applications that provide an opportunity to make passive income through liquidity pools, a feature that is not available in most of the centralized exchanges.
FEZ: A Breather from Ethereum High Fees
Fezoo, a DEX that was carefully built with the latest technology and possesses transaction speeds that are nearly instant and fees that are significantly lower than Ethereum. This is one of the viable options for the investor that is interested in the DeFi platform and likes to have a simplified experience. With interest in Fezoo rising and investors using its features, the demand for FEZ, the native token for access, may skyrocket.
Fezoo is not only a feature-packed, DeFi-specific platform, but it also depends on the factors such as user adoption, token liquidity and the whole DeFi market stability for its long-term success. Nevertheless, the fact that the familiar coins like DOT and LTC are migrating into Fezoo’s ecosystem shows the platform’s promising future. As Fezoo grows and sets up as a DeFi hub, the token demand may increase enormously, which is likely to cause the price to rise.
