The tides have begun to change as whales, who control up to 1% of an asset, have joined the current market wave of investing in tokens with real-world utility offering the solutions the crypto market needs.
WIF and SOL whales are part of these investors that are collectively making big bets on utility assets, as their anticipated role in DeFi is expected to strengthen the market.
1Fuel (OFT) remains these whales’ and investors’ top pick, as its cryptocurrency wallet, on the horizon of launching, presents the perfect balance for high yield. Analysts say a minimum target per their projection is 100x.
WIF downturn backed by momentum
WIF’s market movement hasn’t been the most impressive in recent times. After reaching a high of 4.830 on November 11, it has since declined by 68.80%, trading as low as 1.835, according to TradingView data.
The 24-hour market analysis on CoinMarketCap shows that WIF hasn’t been attractive for investors. The last 24 hours have seen major sell pressure, with the price declining by 12.19% as trading volume surged by 71.95% as more investors sold.
Investors who opened a spot position on WIF have so far recorded a loss of 40.63%. Analysts expect that the downward turn in the market isn’t over yet, and investors still holding WIF should fasten their belts as more drops will occur.
Investors remain less optimistic about WIF stating that with no intrinsic value attached, it could fall lower.
Solana has low prospects
On the chart, SOL remains in a bullish position for a rally, as it is trading within a bullish triangle pattern as seen on TradingView made up of a descending resistance line and a demand zone between 180.65 and 159.27.
Based on this alone, SOL could see a major price swing, 47% from the demand zone to its all-time high at $264.39. However, analysts predict its overall rally during this cycle should exceed 5X.
However, some analysts have a less optimistic view for SOL, saying its rally wouldn’t exceed a $300 billion market cap, bringing the price of the asset to $600 at most.
Regardless of the 3-5X SOL seems to provide, investors expect more from the market and are looking to tokens that can gain between 50-100x, which 1Fuel provides.
Investors seeking the right yield away from WIF’s downturn and SOL’s minimal projected gain have since turned to 1Fuel for returns, hoping to benefit from the 50X.
1Fuel could fulfill investors’ 100x dream
1Fuel’s rally execution, according to analysts, comes from the combination of benefits attached, beyond just being a utility token.
Some of these include governance rights, making key decisions about 1Fuel and its wallet, but more importantly, the community built around the project ensures members truly resonate with the vision of being the most innovative cryptocurrency wallet and a major player in the market.
On the wallet level, the commitment to being among the best wallets has been reflected in the number of features the platform is set to host, from crypto cards and cross-chain functionality to privacy mixing and cold storage.
Analysts expect the complete benefit of the wallet design, combined with its utility and product value, will set 1Fuel up for a major rally in this bull run, with the 50-100x being the possible target from this run.
Conclusion
1Fuel sits among the top cryptocurrencies that could yield the most gains this cycle, with $100 potentially yielding a range between $5,000 and $10,000. Compared to SOL’s 3-5X projection and WIF’s decline, it’s way ahead.
For whales looking to get serious and profit from trading top cryptocurrencies, 1Fuel should remain the major choice of asset to invest in.
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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