The altcoin market is back in rediscovery mode after a few weeks in the red. Ripple’s XRP has been in the positive zone alongside Dogecoin (DOGE) and Floki Inu (FLOKI). All three altcoins have experienced a surge in their trading volumes, causing some investors to anticipate a new bull run.
However, a subsequent sharp decline in the DOGE, FLOKI, and XRP prices has caused investors to seek 1Fuel, a new DeFi crypto tipped to 10x in the coming weeks, as an alternative. After raising over $2 million in four presale stages, investors are optimistic about getting massive ROI. Let’s find out why.
Dogecoin ETFs get a boost
Following the latest Dogecoin news stating that the US SEC had received the proposal for a Dogecoin exchange-traded fund (ETF), DOGE has seen a change in fortune. The DOGE price surged to a high of around $0.28 during the past week, as investors backed the project in anticipation of more institutional investors entering the DOGE ecosystem.
However, it has taken no time for the DOGE price to re-enter the red zone. After a market correction, DOGE is now down to around $0.25, accumulating over 30% losses in the past month.
FLOKI can’t sustain its rally
The broader altcoin rally in recent weeks also rubbed off on FLOKI, which has seen a 68% increase in its trading volume. During the past week, FLOKI surged to around $0.00010, causing optimistic FLOKI price predictions.
However, the FLOKI price has quickly dipped, with a loss of around 39% in the past month. This has caused a negative outlook in the FLOKI community.
XRP falls after recent surge
XRP also got a recent boost after the news about the SEC considering an XRP ETF after Grayscale’s filing was submitted. The XRP price jumped to over $2.7 during the period, as optimism builds among XRP investors.
However, the XRP price has slightly dipped to around $2.5, with further decline indicated by the downward trend that has resulted in a 16% monthly dip.
1Fuel predicted to 10x after massive presale
The 1Fuel presale has been causing FOMO among altcoin investors following its recent $2 million milestone. The new token has already attracted millions of wallets, with over 211 million units of OFT sold in just four stages.
The early presale success has caused optimistic 1Fuel price predictions that the token will do at least 10x in the coming weeks. Already, 1Fuel has outshined top altcoins with its 50% increase between stages 2 and 4. The token’s future outlook is also impressive due to its revolutionary DeFi features.
These include the 1Fuel Exchange for smooth cross-chain transfers without multiple wallets, the 1Fuel P2P Exchange for direct trader-to-trader transactions to cut costs, and the 1Fuel Crypto Card for real-world purchases and spending without the stress of converting from crypto to fiat.
Conclusion
Despite one of the biggest Dogecoin news breaking, the meme coin has quickly tired out after its recent breakout. The same applies to established tokens like FLOKI and XRP. However, 1Fuel is setting up the biggest underdog story with its massive presale.
Interested investors can access the OFT advantage by buying the token at its current low price of $0.018 before it increases.
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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