Ethereum has been facing a vice like pressure over the last couple of months, with a prolonged period of volatility. Earlier this month prices dropped by more than 3%, sparking concerns that prices may fall below $3,000 for a second time before February rolls around.
With price signals very mixed, and Ethereum topping the transaction fee chart in 2024, Ethereum whales are eyeing up 1FUEL, the privacy-focused cryptocurrency and DeFi exchange that is changing the game with its advanced technology.
Read on to find out what’s attracting ETH whales to the 1FUEL cryptocurrency presale, and why analysts expect both early returns of 500% and a 100x surge within weeks.
Ethereum tops the chart with its fee earnings as traders pay more than on any other platform
A recent report into blockchain earnings shows that Ethereum users paid more in transaction fees in 2024 than users of any other blockchain. The research confirmed that Ethereum traders paid more than $2.5 billion in gas fees, with the second placed network TON raking in $2.1 billion. The Ethereum earnings are notable for being 3.0% higher than they were the previous year – and far outstrip the $922.9 million collected by Bitcoin in 2024.
An interesting aspect of this research is that the analysts note that Ethereum earned more in fees than any of its other competitors despite missing price performance expectations. It gained around 39% year-on-year. Bitcoin in contrast added more than 146% to its value in the same timeframe.
With high fees and the possibility of a fall into $2,800 territory, a growing number of Ethereum whales are considering their options. One option that’s catching the eye of many is the unique all-in-one cryptocurrency wallet and exchange, 1FUEL.
1FUEL: A privacy-focused cryptocurrency that’s making waves with its advanced tech and AI optimisation
1FUEL may only be in stage three of its cryptocurrency presale but whales from Ethereum and across the crypto industry have been beating a path to its door. Having already raised almost $1.7 million, 1FUEL’s triple-threat of privacy, accessibility and security is just the tip of the iceberg for investors looking for a dynamic and profitable addition to their portfolio.
Ethereum traders frustrated by the volume of gas payments being collected by the exchange could lower their costs with the 1FUEL peer-to-peer (P2P) exchange and its optimised, one-click, cross-chain crypto transaction technology.
The P2P exchange enables users to trade directly with other users, putting them in full control of their assets and significantly reducing trading fees. The one-click, cross-chain transaction technology meanwhile doesn’t just simplify the process of trading across networks by taking care of the technical aspects of the transfer behind the scenes. The AI technology handling the transaction also proactively optimises exchange fees, finding the best solution for each transaction, to keep costs as low as possible no matter the blockchains involved.
Join the presale
Stage three of the 1FUEL presale is very close to completion, meaning prices will soon rise from their current $0.017 level. There will never be a better time to buy and secure a lower price than this. Take action now before prices rise in phase four. Join the 1FUEL presale 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_
