The meme coin market is buzzing with competition from $TRUMP Coin, Shiba Inu (SHIB), Pepe Coin (PEPE), and the rising 1Fuel (OFT). While $TRUMP sees rapid growth, SHIB faces challenges, PEPE gains attention with Vitalik Buterin’s involvement, and 1Fuel’s promising presale positions it as a strong DeFi contender.
$TRUMP Coin gains attention amid market volatility
$TRUMP, the newly launched meme coin by Donald Trump, has experienced a rapid market surge, gaining widespread attention just before his swearing-in ceremony.
With its market cap touching $11 billion, the coin’s value has fluctuated dramatically, reflecting the unpredictable nature of meme-based cryptocurrencies. While many see it as an interesting financial experiment, others have raised concerns about the ethics of using a political platform for personal monetary gain.
Trump’s business interests, holding 80% of the coin, fuel criticisms of his dual role as president-elect and businessman, highlighting potential conflicts of interest in politics and crypto.
Currently, $TRUMP is trading at around $51, with a market cap currently at $10.2 billion.
Shiba Inu’s decline: Oversupply and low burns take a toll
Shiba Inu has plunged, engaging the downward trend that saw it lose 7.04% in value within the last 24 hours of trade, at $0.00002026. Nevertheless, the trading volume increased by 15% to $ 1.63 billion, which proves market activity. The token’s market capitalization has dropped to $ 11.93 billion as it has lost steam.
Experts attribute such development as low token burnt and abundant supply as some of the reasons for the poor run of SHIB. While introducing more updates to Shibarium and new features for DeFi might elevate SHIB, the recent activity that has depicted the performance of SHIB has not been so encouraging due to new tokens like the TRUMP meme coin.
As traders seek more promising opportunities, SHIB’s future largely depends on broader market trends and successful updates.
Pepe Coin price analysis: Short-Term gains or long-term hurdles?
Pepe Coin’s (PEPE) price has spiked by 1,335% in the past year, sparking new expectations of a bull run.
Recent market volatility has created anticipation of the coin’s value rising to $1, especially with Mr. Buterin, the co-founder of Ethereum, allegedly purchasing 508.6 million PEPE coins. People have paid much attention to Buterin’s participation, and some expect his influence to boost the Pepe price again.
But for PEPE to reach $1, there is a need for a considerable demand shift, which cannot be possible due to the high circulating supply of this token.
Currently trading at $0.00001625, PEPE faces resistance at $0.00002000. Although Pepe can still achieve good returns in the short term, critical levels will set the pace. However, the emergence of the TRUMP token has suppressed the hype of PEPE in the meme coin market.
1Fuel: A promising altcoin gaining traction ahead of 2025 wallet launch
1Fuel (OFT) has done well by selling almost 30% of its tokens with over $1.4 million raised. This strong start speaks of an increasing demand for OFT a utility token with the potential to disrupt the crypto markets. Many experts are convinced that, after presale, its use will only increase, and the continued influx of interest in cryptocurrencies will attract even more buyers to 1Fuel’s potential.
The project is designed to solve common DeFi issues, offering solutions that promise reliability, ease of use, and enhanced security. 1Fuel will release a wallet in 2025 and will likely become a significant DeFi participant. The wallet will enable consistent transactions across multiple chains without the challenges associated with high fees and bridging. It will also allow users to receive up to 30% Annual Percentage Rate on their assets and engage with crypto and conventional finance through P2P platforms.
1Fuel’s features and strong community support mean it can achieve massive growth. Market gurus have set a target of 50x on the wallet once it is released, and this is a must-watch project for investors.
The current price of 1Fuel (OFT) is $0.017, which has raised more than $1.4 million in its presale.
For more information about 1Fuel presale, visit the links below:
Website: https://1fuel.io/
Telegram: https://t.me/Portal_1Fuel
Twitter/X – https://x.com/1Fuel_