Continuous Avalanche and Dogecoin Holders Rally Behind Fezoo Seeing It as the Catalyst for Change in the Crypto Trading Scene 2024

The 2024 crypto landscape will mainly be headlined by Bitcoin (BTC) halving and the flow of institutional capital via ETFs. However, Avalanche (AVAX) and Dogecoin (DOGE) holders are rallying behind Fezoo (FEZ) as they believe that the new decentralized exchange will set the tone for the space’s trading scene in 2024.

Will Avalanche (AVAX) and Dogecoin (DOGE) holders earn substantial gains by investing in Fezoo (FEZ)?

Avalanche (AVAX) to Capitalize From the Meme Coin Frenzy

The Avalanche (AVAX) Foundation, the driving force behind the Avalanche ecosystem, has initiated the inaugural phase of the Meme Coin Rush liquidity mining incentive program, allocating $1 million worth of AVAX tokens for this purpose. The primary objective of Meme Coin Rush is to amplify liquidity and foster growth within the Avalanche (AVAX) community.

Community coins is a broad term that encompasses meme coins, non fungible tokens (NFTs) and similar cryptocurrencies crafted by community members. Avalanche (AVAX) seems to have taken a leaf out of Solana (SOL) which recently saw a surge in price and network activity as a result of the meme coin frenzy.

This initiative by Avalanche (AVAX) comes at the back of a steep correction that saw many digital assets surrender some of their gains. Avalanche (AVAX), which has now become a top ten cryptocurrency, saw its value plummet from $64.14 on March 18 to $55.76 on March 22. This 15% decline in Avalanche’s (AVAX) price has prompted its holders to invest in Fezoo (FEZ) as they search for big returns.

Dogecoin (DOGE) Benefits From the Meme Coin Frenzy

Dogecoin (DOGE), the king of meme coins, has been on a tear thanks to a meme coin frenzy led by the usual suspects Shiba Inu (SHIB) and Pepe (PEPE) alongside new entrants that include  Dogwifhat (WIF). Dogecoin (DOGE), the ninth largest cryptocurrency by market capitalization, is down 0.57% on the weekly chart. This follows a deeper correction that saw even Bitcoin (BTC) from above $73,000 to its current price of $66,012 on March 22.

However, Dogecoin (DOGE) is up 88% on the monthly chart after its price increased from $0.083 to $0.1606 on March 22. As Dogecoin (DOGE) continues to see further gains, its holders are scaling into Fezoo (FEZ) as they believe that the new cryptocurrency will be one of the biggest winners in 2024.

Will Fezoo (FEZ) Come to the Party in 2024?

Avalanche (AVAX) and Dogecoin (DOGE) Investors are placing their bets on Fezoo (FEZ), a promising new entrant in the decentralized exchange arena. Fezoo (FEZ) stands at the forefront of transforming trader connectivity with its innovative decentralized exchange platform.

Fezoo (FEZ) will be a true DeFi platform with no KYC requirements. Early investors in Fezoo (FEZ) are in for a treat, as the platform offers enticing rewards including early access and a unique revenue sharing opportunity, paving the way for potentially lucrative passive income streams.

Fezoo (FEZ) has already captured the attention and support of experienced investors who are buying its tokens for a low price of $0.013 in stage 1 of its ongoing presale.

Find out more about the Fezoo (FEZ) presale by visiting the website here.

Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

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Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.