Investors’ interests in certain cryptocurrencies are beginning to fade as the anticipated super bull run remains in effect. Declines in the prices of major altcoins have further revealed the skepticism of crypto bulls. Dogecoin and XRP, two major coins that were seeing significant price increases, have suddenly plummeted.
However, as crypto whales withdraw their funds from Dogecoin and XRP, 1Fuel, a utility token yet to be launched on cryptocurrency exchanges, has been experiencing massive buy-ins with $964,00 raised in weeks. Analysts project 1Fuel’s current presale price of $0.012 as the lowest it will ever be moving on.
DOGE drops by 25% amid market optimism
Recent market trends reveal a significant decline in interest in DOGE’s ability to experience an upswing. At press time, DOGE is trading at $0.318 down over 25.4% in the past month per CoinMarketCap.
This current bearish price movement appears necessary ahead of a market rally to the upside, as DOGE is trading within a bullish triangle pattern that could take the price to $0.35.
The Fear and Greed data on CoinMarketCap supports this bullish outlook, as it is in the neutral region of 49, meaning once DOGE falls to the support level, it will resume its upward movement. Also, this same trend has started gaining footage in XRP’s performance.
XRP drops further below expectation
The current market dynamics suggest that bullish interests in XRP are fading. This is a result of its overbought condition. According to TradingView, XRP has been struggling to exit the range between $2.146 and $2.0244.
After its recent increase in price to $2.9 on December 3, 2024, XRP experienced a huge dip leading to investors hurriedly taking their profits as a result of its price fluctuation for weeks. As it stands, XRP’s price has declined by 17.6% in just the past month.
Despite this bearish trend in the cryptocurrency market, investors have turned towards 1Fuel and are bullish on its ability to deliver high potential. Experts predict 1Fuel will give 100x following its public launch.
Crypto bulls bet big on 1Fuel’s potential
Investors are attracted to 1Fuel’s strong use case, particularly because it is expected to stand out among cryptocurrency wallets, particularly its ability to enable cross-chain transactions.
1fuel aims to eliminate the need to juggle multiple cryptocurrency wallets for cross-chain transactions and minimize gas fees. Also, its built-in AI helps users by providing them with an analysis of market conditions while personalizing strategies to maximize gains while minimizing effort.
1Fuel’s presale phase 2 has garnered $964,000 in token sales, indicating crypto whale’s interest. Experts predict up to 500% or more for early investors during this phase and over 100X once it launches on cryptocurrency exchanges.
In addition to these, 1Fuel users get to receive 30% staking rewards for merely holding their favorite tokens creating a new source of income for them.
Conclusion
1Fuel has taken center stage among multiple cryptocurrencies outpacing popular altcoins like DOGE and XRP. Currently, in the second stage of its presale, it has exceeded 70% of its token sales leaving less than 30% up for grabs and trading at a discounted price of $0.012 only.
Do not miss out on this exciting opportunity, get 1Fuel now!
To learn more about 1FUEL, visit:
Presale: https://www.1fuel.io/
Telegram: https://t.me/Portal_1Fuel
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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