The demand for Shiba Inu (SHIB) has dropped following the launch of shinier meme coins lately. This is evident in the dip in its trading volume, following a shift in interest. The top meme coin has been on a decline in the past month. Meanwhile, 1Fuel (OFT) has been hosting a massive presale that has raised nearly $1.5 million in just three stages.
The new crypto has also been tipped as one of the top opportunities to do 1,000x or more by Q2. Let’s find out if the 1Fuel hype is real.
1Fuel presale bears $1.5 million
After only three presale stages, 1Fuel has raised almost $1.5 million, selling over 154 million tokens in the process. The 1Fuel presale has been a massive success since it began, attracting crypto whales and massive accumulation. The presale has provided the opportunity to earn a decent ROI since it began.
The presale keeps moving at a remarkable pace, and the 1Fuel price is due for another increase in the next stage.
This means traders can continue making gains as the presale progresses. Long-term token holders can also benefit from the potential gains after the 1Fuel project launches fully. With another potential 1,000x price jump or more, we could see 1Fuel reach double digits soon.
SHIB holders scramble for better opportunities
The SHIB performance has been underwhelming in recent weeks. The coin’s price has dipped by nearly 9% within one month. It has now gone below its $0.000020 low that it maintained for most of the month. The decline in the SHIB price is majorly a result of shift away from the meme coin.
More SHIB holders fear further dips in the coin’s price as its trading volume drops and the SHIB ecosystem gets more bearish. As a result, many are pitching their tents with utility tokens with potential, such as 1Fuel.
Unlike meme coins that depend on social media hype to sustain their values or increase in price, utility tokens like 1Fuel have real-world use cases that drive their demand and adoption. This ultimately influences their prices positively and makes them more sustainable in the long run.
1Fuel’s DeFi features are a plus factor
As utility coins take center stage among long-term crypto holders, 1Fuel is positioned for greater moves in the future. The new altcoin is already outperforming established meme tokens like SHIB. However, its market potential exceeds short-term gains.
1Fuel looks promising due to its exciting DeFi features. These include its decentralized exchange (DEX) for instant asset transfers from one blockchain to another.
For instance, users will be able to send assets from the Solana blockchain to Ethereum without holding a Solana wallet. The transaction will be processed within the 1Fuel exchange, making it more convenient and cheaper. The 1Fuel Wallet will also make managing and storing assets easy, and users can enjoy earning opportunities like staking for up to 30% APY.
Conclusion
With the goal to make crypto trading more straightforward and affordable, it’s no surprise that 1Fuel is already gaining massive traction. The project is on its way to mainstream success once the presale ends.
Whether you’re interested in short-term gains or long-term potential, 1Fuel is ideal for all kinds of traders. Interestingly, the ongoing presale offers a limited-time opportunity to get the token at a 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_
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