The US SEC could deal a blow to Ethereum (ETH) investors by rejecting a digital asset spot ETF in May, according to early reports. Meanwhile, investors are quietly buying new cryptocurrencies, which are considered the best altcoins to watch in the second quarter of 2024.
Fezoo, a new decentralized exchange that will challenge Binance, is attracting XRP and Monero (XMR) investors who want to diversify their investments. Two communities are helping: Monero and XRP. FEZ Collect as many eyeballs as possible.
Is Fezoo (FEZ) a good cryptocurrency investment? Let’s explore.
XRP comes under fire as SEC seeks $2 billion in fines
XRP is adamant that the $2 billion demanded by the US SEC to settle the charges is too high. XRP also argues that $10 million is an appropriate fine to cover the costs of the dispute. XRP was found to have broken some rules by selling XRP tokens to institutional entities.
This latest development has rocked the XRP community as it could have a major impact on the price of XRP. XRP is currently trading at $0.5323 after rising 0.2% in the last 24 hours. In the past month, XRP has fallen 15.7% and analysts believe further declines are possible.
Monero (XMR) investors are closely following the Samourai Wallet story.
Monero investors had to closely watch the arrest of the founder of Samourai Wallet, a cryptocurrency mixing service. The arrests come as the United States steps up its attacks on cryptocurrency mixing tools that can be used to facilitate private and anonymous transactions. Monero (XMR), a privacy coin, is also naturally affected by these developments.
In early February, Monero suffered a setback when it was delisted from Binance. XMR investors are concerned that these arrests could prevent people from using the privacy coin in the future. Monero (XMR) is trading at $121.30 at press time and has lost 9.5% over the past month.
FEZ attracts investors
The allure of Fezoo (FEZ) has captured Monero (XMR) and XRP investors buying the new cryptocurrency for just $0.013 during the first phase of the pre-sale.
Fezoo is establishing itself as a game-changer in the cryptocurrency trading space. We aim to focus on issues including cutting-edge security, transparency, and decentralized governance. Behind the scenes, Fezoo (FEZ) developers are working to provide the best user experience that will attract the next generation of Web3 users.
Pre-sale investors should benefit as they can earn passive income from Fezoo. They are entitled to a 50% share of the revenue generated on the platform. Investors are lining up. Participating in FEZ pre-sale We expect huge gains in the coming months.
For more information about Fezoo (FEZ) presale, please visit our website. here.
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