Shiba Inu or PEPE: Which Meme Coin Will Fade First as 1Fuel Takes Center Stage?

The bull run which is yet to hit its peak has fueled much excitement in the cryptocurrency market. Despite this excitement, SHIB and PEPE have underperformed.

Smart investors are beginning to seek better options. Whales are shifting their focus from memecoins with their lack of long-term value to utility tokens with maximum growth potential and have chosen 1Fuel as the best cryptocurrency to invest in.

1Fuel’s third stage of the presale is currently in motion, holders of SHIB and PEPE are flocking in to partake in this rare opportunity.  Its price is currently pegged at $0.015, and according to top crypto analysts, investors could potentially get a 100x return upon token launch later in the year.

SHIB lacks the momentum to sustain a bullish structure

SHIB’s forward trend could likely reverse with the formation of the cup and handle patterns most visible on a daily chart. However, confirmation will be determined if the asset can breach through the handle pattern, as seen on the chart.

For now, SHIB’s performance remains underwhelming for investors who placed long bets expecting a rally. CoinMarketCap reveals that while the price of SHIB has dropped by 0.57% in the past 24 hours, its volume has dropped by 16.01% during this period.

This shows a lack of momentum in the market, a clear sign that investors aren’t keen on keeping the price of the asset trending higher as they search for other alternatives in the market.

The memecoin market shows a similar trend, with PEPE, another major player ranked 24th by market capitalization, also struggling.

Memecoin behemoth PEPE struggles

After achieving a new all-time high of $0.00002825 on December 9, an influx of investors purchased PEPE but are currently experiencing a 36.89% loss, as reported by CoinMarketCap, as long-term holders began distributions.

This distribution has brought its market capitalization down to $7.47 billion. While it has gained 1.5% on the chart, its volume has declined by 55.49% within the same period, with approximately $706 million of the assets transacted.

Analysts say a key sign of recovery or a major bounce in the price of PEPE will be achieved if the number of holders ranges between 400,000 to 500,000. Currently, there are approximately 377,990 PEPE holders.

With the failure of both PEPE and SHIB, investors are now looking to go all in on 1Fuel, which analysts consider the best cryptocurrency to buy.

Utility and potential gains make investors prioritize 1Fuel

1Fuel’s potential for a market rally has been influenced by several factors, an important part being its crypto wallet, which positions it as the best cryptocurrency to buy.

The wallet is expected to come with some familiar features and some exciting innovative ones that make it ideal for any type of trader. An example of a familiar option would be the P2P exchanges that allow users to trade their crypto assets for fiat swiftly.

Some of its unique features include its one-click multi-chain function that eliminates the hurdles involved in transacting across different blockchains simultaneously. It also has a temporary wallet feature that allows users to create an active wallet for a specific time period, accommodating special types of transactions.

1Fuel’s crypto wallet will also allow investors to earn passively while holding their favorite tokens and they get to receive rewards up to 30% APR.

Conclusion 

SHIB and PEPE are losing momentum at a speedy pace amid market shifts. As investors seek stability and utility.

1Fuel remains the favored choice, offering a potential 100x return as SHIB and PEPE are struggling to regain past highs. 1Fuel is priced at $0.015, with over $1.22 million raised in token sales, this is set to increase soon.

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_