Despite its increase in trading volume recently, Shiba Inu (SHIB) has been on a downward spin in the past month. The SHIB price has been testing new low levels as it tries to build momentum against the broader downward pull in the broader crypto market. However, SHIB investors are optimistic after its latest drive out of the red zone.
Meanwhile, the 1Fuel presale is the biggest talk on many investors’ lips because of its early signs of success. Having raised over $1.7 million in its third presale stage, 1Fuel has been causing FOMO among investors. Let’s find out why they are bullish on the new crypto.
1Fuel presale moves at an unprecedented speed
When the 1Fuel presale began, not many predicted that it would raise almost $1.8 million in just three stages. However, the token has surprised everyone by filling fast at an unprecedented pace.
As of the time of writing, over 175 million OFT tokens have been sold. With many more to come, there’s an optimistic feeling that the token’s market cap will place it among the top assets after it launches fully. Moreover, 1Fuel is going viral in the crypto market because of the short-term gains its earliest investors have already made.
Between the second and third stages, investors have seen their tokens’ price go from $0.042 to the current $0.017. That’s more than 40% profit between the two stages. The possibility of it increasing in the subsequent presale stages is also guaranteed, making 1Fuel a low-risk investment for users.
SHIB investors jump ship after recent jitters
The SHIB price is down by over 30% in the past month. During this period, the meme token reached a low price of $0.000011.
Some believe that the fall in the SHIB price is a microcosm of the broader market sentiment, which has turned bearish in the past few weeks. Most established cryptocurrencies are struggling for good form, and SHIB is no different.
Still, some SHIB investors are optimistic that the month-on-month (MOM) low is its deepest point after the SHIB price moved up to around $0.000016. After testing the $0.000011 level and bouncing back, we could see a bullish trend return within SHIB investors.
1Fuel’s vision will liberate DeFi investors and traders
Besides its impressive presale, 1Fuel offers much more to traders and investors. At its core, the 1Fuel project is a visionary one that will solve numerous bottlenecks plaguing the decentralized finance (DeFi) space.
First, 1Fuel is bringing on board a new exchange that will help users process cross-chain transactions more efficiently. That’s because the exchange can execute asset transfers across multiple blockchains without users having to hold the network’s different wallets. Everything happens at the backend and transactions are completed instantly.
Those looking to cut down on fees can leverage the 1Fuel P2P platform, which allows direct crypto transactions between buyers and sellers. So, intermediaries are eliminated and transactions are cheaper. Plus, users are safeguarded by the 1Fuel built-in mixer, which anonymizes every transaction to make them untraceable.
For investors, there’s a staking program within the 1Fuel ecosystem that offers up to 30% APY, making it a viable source of passive income.
Conclusion
1Fuel has already set an unmatched pace with its presale gains, which have outshined what established coins like SHIB offer. Ready to be at the forefront of the project’s future? Consider buying 1Fuel tokens now at its limited-time price of $0.017.
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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