The US presidential inauguration brought about a significant upswing in BTC’s price and other top altcoins, the impact of the ongoing rally has positioned DOGE and FTM as major competitors among top cryptocurrencies.
However, a new altcoin, 1Fuel (OFT), appears likely to overshadow DOGE and FTM as investors rally toward it and are thrilled at the potential they can get from it, especially with its proposed cross-chain tech.
Currently at its third stage presale and selling at a discounted rate of $0.017, experts vote 1Fuel as the token of choice because of the potential 100x ROI in 2025.
DOGE losing momentum amidst market hype
Investors in DOGE experienced a short period of excitement amidst the ongoing rally. DOGE’s rally was short lived with prices ranging between $0.15 on November 5 and peaking at $0.47 by December 9 per TradingView. After reaching this peak it has dropped by 1.08% and currently trades at $0.34 as investors interest gradually drop.
Certain key metrics reflect waning investors’ interest in DOGE, funding rate being one, a measure of traders’ expectations, showing if traders are holding long or short positions. Presstime data of DOGE’s funding rate on Santiment reads -20%. A negative funding rate indicates that short traders are paying a premium to maintain their position as they’re confident a price drop is on the horizon.
DOGE open interest, total number of open positions in a contraction , a monthly chart DOGE has dropped to $1.52 billion, further revealing reduced enthusiasm among traders.
FTM loses grip, investors diversify
FTM, a major competitor, has over the years gained attention from large investors. This hype, however, was not sustained as FTM has witnessed a sharp price decline of up to 50% on its monthly time frame per TradingView. Data from the charts reveals that FTM is trading within the descending triangle pattern, a bearish pattern.
FTM struggles to break above the $0.85 resistance level within the bearish pattern in which it trades and also finds it challenging to hold its $0.62 support level. FTM’s underperformance despite the ongoing market rally, has prompted investors to explore alternative tokens like 1Fuel with better opportunities.
Cross-chain: 1Fuel introduces cutting-edge tech
1Fuel, a utility-based token, is gearing up with its cryptocurrency wallet currently in the development stage. 1Fuel’s wallet will be equipped with unique features, setting it apart from other top cryptocurrencies. These features will be innovative and user-friendly, packed with a reward system.
The main feature of 1Fuel’s cryptocurrency wallet is its cross-chain functionality, which implies that users no longer need to worry about juggling numerous cryptocurrency wallets which tends to result in unnecessary gas fee
Other features include a privacy mixer, which will provide maximum security and eliminate the fear of having a user’s transactions being traced. Along with this, a cold storage feature will be introduced. Coupled with all these amazing features, analysts predict that 1Fuel will potentially yield over a 100x ROI at the end of the market cycle.
Conclusion
1Fuel is set to reshape the cryptocurrency market with its lightning-fast cross-chain tech, privacy-focused features, and cold storage capabilities which will be loaded into its cryptocurrency wallet. As analysts predict a potential 100x ROI, it’s clear that 1Fuel offers a unique investment opportunity in 2025.
1Fuel stage 3 presale is ongoing at $0.017 per token, generating over $1.545 million in token sales, with large investors storming the market with full force. Join the moving train now.
To Find Out More About The 1Fuel Presale, Use The Links Below:
Website: https://1fuel.io/
Telegram: https://t.me/Portal_1Fuel
Twitter / X: https://x.com/1Fuel
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