A crypto pundit has shared a grim forecast concerning Dogecoin (DOGE) in a recent analysis, stating that the premier meme coin will dip steeply under the leadership of President-elect Donald Trump.
Meanwhile, Ripple (XRP) has just discovered that a new rival is in town, aiming to take on the established giant. This new crypto is making headway through its presale, causing experts to recommend it as a good crypto to buy.
What do we know about this new player? This article will reveal everything you must know.
Analyst says Dogecoin risks tanking under Trump
Kevin Capital, a crypto researcher, has postulated why he believes Dogecoin may be at risk of plunging further, having already experienced significant losses.
In his latest forecast, the analyst presented Bitcoin as the catalyst, noting that if the flagship cryptocurrency fails to find its footing, DOGE could shed more of its market value.
This forecast isn’t favorable for Dogecoin, especially under the new administration. It presents a gloomy outlook for the meme coin and can dissuade investors from buying into the asset.
Some investors are leaning towards a new crypto coin, OFT, as it offers a more pleasant profit opportunity. Dogecoin’s performance this week was below impressive as the asset lost a notable portion of its market value.
Per market data, DOGE is down 6.80% over the past seven days to $0.35. Kevin opined that 1Fuel will remain a better investment alternative than DOGE unless Bitcoin rebounds from recent lows.
XRP stalls uptrend as new crypto emerge
After reaching the $3.30 price level earlier this week, Ripple’s XRP failed to breach this level upward due to mounting selling pressure. The asset, instead, retraced back to the $3.00 mark, expecting to find new bids to push it much higher.
This price action comes as a new crypto appears on the scene named 1Fuel. With 1Fuel garnering significant interest, assets like XRP struggle to advance on the chart.
XRP fell below the 50% Fibonacci retracement level that spanned between $3.02 and $3.28. An attempt to bounce back will pit the Ripple coin against the $3.15 resistance level before the one at $3.20.
However, if XRP fails to clear these resistance levels, it risks reversing to the next support at $2.88, making OFT a much preferred option. XRP is still down 2.64% over the week, putting its value at $3.15.
1Fuel cuts out go-betweens by introducing peer-to-peer transactions
If you’re tired of dealing with intermediaries while buying or selling cryptocurrencies, 1Fuel’s peer-to-peer exchange is the solution. The firm’s integrated P2P exchange will allow you to interact directly with buyers and sellers in a safe, private environment.
1Fuel simplifies complex transactions among multiple blockchains with its one-click cross-chain transaction feature. Now, you can bid hectic transactions, sayonara, as this feature will enable users to manage their assets across different networks effortlessly.
If you’re concerned about the safety of your assets, 1Fuel is adopting state-of-the-art security systems that will protect users from threats both online and offline.
The platform’s integrated storage will provide strong security to users’ assets, ensuring they’re beyond the reach of bad actors. This feature will be accessible to presale participants.
Also, 1Fuel’s privacy protocols are one of a kind. With its built-in privacy mixer, users’ transactions won’t be exposed to potential trackers. This feature will allow market participants to enjoy an unbelievable level of anonymity where their financial activities are privy to them alone.
Users can also access AI-powered tools to enhance their trading strategies, optimize portfolios, and simplify tax reporting. 1Fuel’s AI agent analyzes market conditions and develops strategies to aid traders in boosting returns with minimal effort.
However, you need to participate in its ongoing presale to access these offerings. Experts believe 1Fuel’s token is a good crypto to buy.
Experts say OFT is a good crypto to buy
Experts are confident that OFT is a good crypto to buy based on recent analysis. Their analysis shows that the new crypto is the next breakout cryptocurrency with a 100X growth potential.
As of now, OFT sells for $0.017 in Stage 3 of its presale. Early participants have realized 70% of their initial investments, having invested over $1.4 million in the new crypto.
A 20% bonus will be given to everyone who buys OFT during its presale. So, please take advantage of this opportunity before it is too late.
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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