Some predict that decentralized finance (DeFi) tokens will explode this year, while others say it’s the year of meme coins like Shiba Inu (SHIB). The initial bull run has mostly been fueledby new meme cryptocurrencies like $TRUMP, while SHIB and other established onesstruggle.
Meanwhile, 1Fuel, a new utility token, has been rising fast among the hottest altcoins to buy. That’s because the 1Fuel presale has been experiencing massive success, recently crossing $1.5 million. SHIB investors are turning to 1Fuel for its various opportunities. Let’s find out what they see.
SHIB struggles to find its feet despite positive projections
There were many positive SHIB price predictions at the start of the year. However, the top meme coin has failed to meet expectations. With nearly a 10% decline in the past month, the SHIB price currently stands at $0.000020. That’s a 25% drop from the $0.000025 price SHIB reached earlier this month.
The decline in the SHIB price reflects investors’ bearish sentiment around the token, following strong competition from shinier and newer meme coins like $TRUMP and $MELANIA. The two new meme tokens associated with Donald and Melania Trump have been attracting investors since they launched.
Moreover, other Solana meme tokens like BONK and WIF outperformed SHIB in the past year, causing investors to deflect for bigger gains. Currently, SHIB investors are pitching their tents with 1Fuel due to its massive potential. However, with its recent partnerships and ecosystem developments, some remain optimistic that SHIB will bounce back.
1Fuel presale offers opportunities to hedge against losses
At a time when many cryptocurrencies, including SHIB, are struggling in the crypto market, 1Fuel provides investors an opportunity to hedge against losses through its presale. The 1Fuel presale already raised over $1.5 million within a short period. However, its major selling point for investors lies in its guaranteed presale gains.
Over the course of the presale, the earliest investors have been making gains. That’s because of the continuous price increases as the presale progresses. For instance, the token’s price was $0.01 when the presale began, but it increased to $0.017 in stage 3. That’s already a 70% jump in a few weeks. As such, investors are bullish on the project for the subsequent short-term gains it promises.
However, visionary investors are more concerned about the long-term potential of 1Fuel. Considering that it has almost done 100x in a few weeks, 1Fuel is positioned for 1000x gains or more in the future.
The 1Fuel multi-chain wallet will drive its adoption
For 1Fuel to do 1,000x or more after its launch, the token needs massive adoption among traders and investors. The adoption drive will be powered by its utility, especially through its multi-chain wallet. Though many multi-chain wallets are on the market, 1Fuel’s wallet operates differently.
The wallet supports various blockchains and allows users to trade assets or execute transactions without interfacing with any other wallet. For instance, you can transfer assets across Solana and Ethereum networks with just a click. You don’t need to create different wallets on both blockchains.
This offers a different kind of simplicity and transaction speed that other wallets lack. Plus, traders get to enjoy cheaper transactions due to the elimination of different transaction fees they would have paid across each blockchain.
Conclusion
The 1Fuel presale already shows its promising future in the DeFi space. If you don’t want to miss being at the forefront, you can buy 1Fuel at its current low price of $0.017 before its subsequent price increases.
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_
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.