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As meme coins like TRUMP and DOGE struggle to maintain their dominance, 1Fuel, with its real-world use cases and growing adoption, stands out as a strong contender.
With no inherent value, meme coin tokens in the market are gradually fading out and losing control. TRUMP and DOGE, which both had a leading reign in the market, are caught in this market downturn as the market shifts towards utility tokens with long-term value, such as 1Fuel.
1Fuel’s real-world use cases are shielded from the bearish sentiment in the market, as more buyers step in, a clear testament to its total token sales of $1.55 million. Analysts believe 1Fuel’s use cases, particularly in the crypto market with adoption on the rise, would play a major role in analysts’ projected 5,000% rally.
TRUMP fails to hold up price action
TRUMP has failed to get the goods well off the market, as the sentiment across multiple indicators shows its current bearish downturn could intensify soon. At the time of writing, CoinMarketCap reports TRUMP to have dropped by a total of 38.46% in the past week, bringing its current price to $26.37.
A study of the Binance TRUMP/USDT chart shows the asset has declined past its listing price of $27.25, after it rallied to $77.24, reaching an all-time high. The possibility of a TRUMP rally remains slim, as no clear patterns are forming on the chart to hint at a possible market reversal. Should this continue, the asset would continue on its downward path.
DOGE‘s rally hope crashes
DOGE investors have lost hope for a market bounce-back following the recent crash in the market. According to CoinMarketCap, DOGE has dropped 7.13% in the past 24 hours, an extension of its 9.23% market decline in the past week.
A study of the 1-day chart in TradingView shows that this decline has been facilitated by DOGE losing the support level of the accumulation channel in which it trades. This month-long accumulation channel, technically called the symmetrical triangle, began formation on 23 November 2024 and was expected to catalyze upward price movement, but it has failed.
Memecoins, like DOGE and TRUMP, have turned out not to be the best cryptocurrency investment for investors this season compared to 1Fuel, with a 5,000% potential on the horizon.
Use cases to drive 1Fuel’s growth
The hype and interest in 1Fuel have been due to the cryptocurrency wallet that’s currently in development. This cryptocurrency wallet is expected to launch with several market features that are unique, and their combination together makes it distinct.
Actions such as cross-chain transactions of tokens would be completed within seconds with just a single click. Other features include temporary wallets for private token transactions or other business-specific purposes, privacy mixers to protect trade and maintain anonymity, and a cold storage option to better safeguard assets against hacks, among others.
Analysts believe these are use cases that would lead to 1Fuel’s use and its wallet’s growth and adoption as well. With these activities going on, the price of 1Fuel will likely see a significant move to the upside.
The potential target from this point on, analysts say, is a 5,000% price swing, taking 1Fuel from its current price of $0.017 to $0.85 and eventually above $1.
Conclusion
Investing in 1Fuel has been made easy, as all fundamental and technical indicators in the market show it’s the most promising crypto investment this bull season. With 53.4% of 1Fuel left in stage 3 of its presale and tokens being purchased faster than ever, Its price is likely to rise again soon from the current price of $0.017.
To find out more about 1Fuel, visit the website, Telegram, and Twitter.
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