DOGE and Ethereum ETH have both stunned the market with their recent upward moves. In the last 24 hours, they’ve increased slightly and caused an optimistic sentiment among traders and investors.
However, while ETH and DOGE have all the attention for now, 1Fuel (OFT) is bracing up to overshadow them in the coming months following its big presale moves. In its third stage, the 1Fuel presale has crossed $1.9 million, causing FOMO among investors. Let’s find out why.
DOGE swings upward but can’t sustain momentum
After its sharp rise to around $0.25 in the past day, DOGE investors anticipated that it was on its way back to a profitable zone. However, it has taken less than 24 hours for the DOGE price to fall back into the red zone, reaching about $0.24 in the process.
The decrease in the DOGE price comes after the liquidation of about 270 million DOGE tokens by its whales. Evidently, the DOGE bears still control the market, and the bulls need a strong bullish drive to return the DOGE price to positive positions. That’s why some DOGE whales are out for viable alternatives to recover their losses.
ETH crosses $2,800 but fails to rise
The ETH price has also moved within the last 24 hours. During this period, it is still below $2,800. The initial ETH price increase was a result of the demand for Ether ETFs, which saw over $18 million enter its stock market. However, the ETH price has returned to its bearish zone in no time, dropping to around $2,700.
The recent ETH price performance has caused more pessimism among its community, which could lead to further drops in price.
Investors are rushing into the 1Fuel presale
The ongoing 1Fuel presale has been a major conversation in the crypto market due to its massive moves since it began. Within the first three stages of its initial coin offering (ICO), the 1Fuel presale has raised over $1.9 million. All things being equal, the presale raise will cross $2 million soon as more investors buy into the 1Fuel hype.
As ETH and DOGE investors seek opportunities with potential during a tough time for the general crypto market, 1Fuel presents itself as a top choice. That’s because they’ve seen the earliest 1Fuel investors unbothered about the dip in crypto prices due to the constant increase in the OFT price during the presale.
The ETH price has dropped by over 18% in the past month. Conversely, the OFT price has moved up by 40% from $0.012 to $0.017 during the period. The easy short-term gains are a major selling point, causing investors to pitch their tents with 1Fuel.
Moreover, their drive is fueled by the project’s impressive roadmap, which will see it shine in the decentralized finance (DeFi) industry in the coming months. The roadmap consists of the official launch of the 1Fuel Exchange, which will create solutions to cross-chain asset transfer issues faced by traders and a staking program to help investors earn up to 30% APY as passive income.
Conclusion
ETH and DOGE can’t sustain their upward moves, but 1Fuel has been solid with its consistent price increase during its presale. Investors looking for a solid alternative can opt for 1Fuel at its current low price of $0.017.
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_
