Large investors holding some of the top cryptocurrencies, like SOL and WIF, are turning their attention to a new cryptocurrency, 1Fuel, in its presales, that’s been hyped because of its utility.
1Fuel (OFT) is a utility token for its cryptocurrency wallet in development that’ll launch in 2025. The hype stems from 1Fuel selling over 135 million units of tokens worth $1.24 million with the potential for a market surge.
Analysts’ expectations for a potential 5,000% gain from its current presales price of $0.015 have drawn in a lot of savvy investors looking to multiply their portfolio balance significantly, a move SOL and WIF offers no more.
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SOL is on the losing end
SOL’s performance has been largely bearish, with investors recording losses across all timeframes. In the past month, it saw a drawdown of 18.58% and a past week loss of 14.90% according to CoinMarketCap.
In the past 24 hours, it has continued its losing streak with a 1.47% decline. Analysts say should its market volume keep rising from its current level of $2.02 billion, then SOL’s fall will inevitably occur.
Some analysts who are less optimistic say that SOL could get flipped by DOGE, a major memecoin in the market, based on the rate at which SOL’s market capitalization has been declining, dropping from over $100 billion down to $88.77 billion at press time.
While one memecoin, DOGE, could pull an impressive move, the situation appears different with WIF another memecoin, as investors are moving away from it.
WIF goes against investors’ predictions
The sentiment for WIF is bearish, meaning the current downfall in the market could likely intensify moving forward.
In the past month and week, WIF investors have lost 51.05% and 30.65% respectively, and the route downward is becoming more apparent with its 6.20% loss in the past 24 hours as indicated on CoinMarketCap.
On the TradingView chart, WIF is in a more troubled state with the asset crossing below a critical support line at 1.4783, which is known to house buying pressure.
Should the daily candle close below this support line, then WIF will begin another phase of continued decline, till it locates the next support level.
With WIF and SOL failing to meet investors’ criteria, they have now turned to the best cryptocurrency, 1Fuel as the better alternative.
1Fuel: Best alternative to SOL and WIF
With doubts setting in among top cryptocurrencies in the market, analysts have begun shifting to assets analysts consider will secure their investment and, more importantly, provide long-term gain.
This is where 1Fuel comes in, as analysts predict the asset will return the most market gain in 2025 when it launches alongside its peer-to-peer exchange and cryptocurrency wallet.
1Fuel’s wallet will include some of the most innovative crypto wallet features in the market, that’s rarely functional in the market. Its multichain feature, being the most discussed, will support transactions across multiple chains without being hindered by high gas fees, utilizing multiple bridges, or wallets.
This one-click settles everything in just a single action and uses 1Fuel as the native token to facilitate this in the market.
Other aspects of the wallet analysts and investors are also excited about are the security functions, DeFi utility, and its on/off ramp supports.
Conclusion
Finding the best cryptocurrency to invest in isn’t a hassle anymore, as analysts say 1Fuel is the solution and the pathway to recording 5,000% in the coming trading sessions.
Unlike SOL and WIF, 1Fuel remains in a state where it isn’t struggling and doesn’t appear to struggle in any way, based on analysts’ projections.
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_
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.
