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1Fuel is gaining momentum with a successful presale, while XRP benefits from positive legal updates and SHIB continues to show promise with recent price gains.
There has been a positive vibe about XRP due to new developments in its company’s case against the SEC. Different news outlets have come out with positive Ripple stories that have positively impacted the XRP price. Shiba Inu (SHIB) has also reached some high points in the past month.
Likewise, 1Fuel (OFT) is strengthening its position as a leading altcoin with its massive presale. Having raised over $1.6 million in just three stages, investors are optimistic that 1Fuel will lead the next altcoin season. Let’s find out why.
XRP surges amid market shifts
Lately, there have been reports that Ripple has turned around its SEC lawsuit in its favor. Consequently, the XRP price has surged by around 50% in the past month, crossing $3 in the process.
However, more light was shed on the issue, and it was evident that it was merely speculative. These reports revealed that the Ripple case being deleted from the SEC website was merely a rumor, resulting in a correction in the XRP price. According to further reports, the Ripple case is still in court and was only moved to another category on the SEC website.
As a result, investors’ demand for XRP has declined, which is evident in its nearly 4% drop in the past week. However, the public is still hopeful about XRP, considering the removal of former SEC Chairman Gary Gensler and the new pro-crypto administration in the U.S.
SHIB sideways movement continues
SHIB’s price is down by over 12% in the past month. However, the meme coin touched some high points before it crumbled. SHIB reached $0.000025 at a point, which has been its highest level this year. The surge in the SHIB price was influenced by investors’ shift to meme coins after Donald Trump’s TRUMP token was launched.
The sudden increase in the coin’s price encouraged meme coin traders and investors to stockpile established meme tokens. However, SHIB’s price has been experiencing a sideways movement. The token has been unable to break beyond $0.000025. The recent decline has also caused SHIB’s price to fall to around $0.000018. Yet, investors hope that SHIB rise back to its former glory.
1Fuel presale causes FOMO among investors
The 1Fuel presale has been causing waves in the crypto market. Investors have been bullish on the new crypto, causing its ongoing presale to get filled quickly. As a result, the 1Fuel presale has raised over $1.6 million after selling 165 million tokens.
Moreover, early 1Fuel investors are already making decent gains from their initial investments because of the continuous price increases across the presale stages. For instance, an investor who bought 1Fuel when it was $0.012 in the previous stage has already made over 40% profit at its current price of $0.017.
Another reason OFT is causing FOMO among investors is its long-term utility. The token controls the 1Fuel ecosystem, which comprises various decentralized finance (DeFi) products and features solving major problems.
These include its crypto exchange for smooth cross-chain transfers. 1Fuel’s exchange allows users to send and receive assets across multiple blockchains without having to own their network wallets. There’s also a P2P trading platform for direct transactions to eliminate intermediaries and save costs.
Conclusion
1Fuel is already positioned as the crypto for now and the future. Short-term investors can benefit from its guaranteed price increases during presale, while long-term investors will be a part of its success when it fully launches. At a current value of just $0.017, now may be a good time to lock in some 1Fuel tokens.
To find out more about 1Fuel, visit the website, Telegram, and Twitter.
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