The crypto market is gradually recovering, with several tokens making modest upward moves after recent declines. Among them, BONK and PEPE have caught attention, recording gains of 2.71% and 2.41%, respectively, in the last 24 hours, per CoinMarketCap.
However, market optimism in these tokens is low in comparison to the buzz surrounding 1Fuel (OFT), which experts and institutional investors are praising as one of the best cryptocurrencies to buy. Over $940,000 has already poured into 1Fuel’s presale in just a few weeks. In fact, there’s more.
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BONK gains appear sluggish for investors
BONK’s performance in the past 24 hours, rising 2.71%, isn’t sufficient for investors looking to generate significant yields in the market. At press time, BONK is yet to fully recover from its 29.46% loss over the past month.
On the weekly time frame, the BONK/USDT chart on Binance shows the asset has re-entered a consolidation phase, trading within a range of $0.00003300 and $0.00003026. BONK is currently hovering near the center of this channel, around $0.00003202, reflecting its steady performance in recent sessions.
However, if BONK breaches the lower range of this consolidation at $0.00003026, it could trigger a significant downward move. Based on the price range in the chart, such a drop could result in a potential loss of up to 50.32%, underscoring the importance of holding this critical support level.
Smart BONK and PEPE investors are trying to avoid this potential drop by finding a safe haven that would preserve their gains. However, they are faced with limited options.
PEPE provides a minor shield but isn’t enough
PEPE has demonstrated resilience, showing gains of 2.59% on the daily timeframe and 2.73% over the past week, according to CoinMarketCap. These figures suggest steady interest from buyers entering the market.
On the chart, PEPE is forming an ascending triangle, a bullish pattern, and is trading near a key support level at $0.00001845. This setup signals the potential for further upward movement if the support holds strong.
Should this bullish pattern play out, PEPE could target its recent highs, possibly approaching its all-time high of $0.00002836, representing a potential gain of over 53% from current levels, depending on market momentum and broader sentiment.
While PEPE is set to perform better amid BONK’s trading challenges, 1Fuel presents a superior opportunity for investors to gain over 500% during its presale phases and achieve over a 100X return when the market rally materializes.
1Fuel set to return 100x for early buyers
According to analysts, 1Fuel is among the best cryptocurrencies to buy, especially given its low price of $0.012 and the current community sentiment driven by large investors.
So far, investor interest has brought a total of $940,000 to the asset, selling 69% of its current presale stage 2. With this buying pressure, 1Fuel could close this phase within a few days.
What sets 1Fuel apart is its clear utility. The token will power a next-generation cryptocurrency wallet designed to simplify multichain transactions, addressing a critical pain point for many crypto users. According to its roadmap, the wallet launch is expected soon, positioning 1Fuel as a game-changer in the space.
This combination of practical use cases and strong investor interest has created the perfect storm for a potential 100X return once the token launches and gains traction in the market.
Conclusion
For investors who have profited from memecoins like PEPE and BONK, 1Fuel offers a chance to ride the next big wave. With its presale phase 2 nearing completion and its proposed cryptocurrency wallet unique value proposition, 1Fuel could deliver extraordinary returns for those who get in early.
To learn more about 1FUEL, visit:
- Presale: https://www.1fuel.io/
- Telegram: https://t.me/Portal_1Fuel
- X: https://x.com/1fuel_?s=21
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
