The post Ethereum Returns To Same $2650 From 1 Year Ago: Why Can 1Fuel Outperform Ethereum’s Stagnation & Cardano’s Price Woes appeared first on Coinpedia Fintech News
Ethereum (ETH) has dropped below $2650, the same price level as a year ago, raising concerns about its growth. In the last month, Ethereum has lost almost 4% of its market cap. Cardano (ADA) is also another big player struggling to gain momentum. Consistent sales pressure has locked it within a price range. Meanwhile, emerging projects like 1Fuel (OFT) are showing strong potential for higher returns. Its ongoing presale is a current point of attraction.
Ethereum (ETH) and Cardano (ADA) struggles
Ethereum’s price movement has not been reflective of the overall market trend. When Bitcoin (BTC) was making waves, hitting a new all-time high of $109,000, ETH responded very little to the market hype. Instead, it reacted more to the market crash, falling as low as $2086 at the beginning of February.
Ethereum ETFs have recorded huge inflows in the past couple of months. Despite this inflow and many new approvals, their price action has failed to reflect this, raising serious concerns about the underlying problem.
Ethereum has made headway with updates around reducing gas fees and optimizing its blockchain, yet the market hasn’t reacted with a price surge. Some investors believe this is an accumulation season for the cryptocurrency and a price rally is imminent. At the same time, others suspect deeper internal issues yet to come to light.
Cardano is currently trading at $0.77. After a month-long decline of close to 20%, ADA tried to recover with a 5% increase in the last seven days. However, the previous 24 hours recorded the same decline, with the company losing 2% of its market cap and daily trading volume.
Investors are already losing patience with these two big players. This has triggered a search for a new investment option which led to 1Fuel (OFT).
1Fuel Could Outperform ETH & ADA in this market
It is easier to enter a new project and push it from scratch than to continue carrying the weight of a struggling one. 1Fuel (OFT) has given investors looking for new opportunities the perfect excuse to jump ship.
The ongoing presale of 1Fuel (OFT) is currently a hotspot attracting many investors at a fast rate. In three months, it has grown from 0 to $2.1 million. Within 48 hours of opening its stage 4 presale round, almost 10% have been scooped up.
This growing interest and rumors of institutional backing at an early stage could provide the right hype and liquidity to push 1Fuel OFT price by 1000% on launch day.
Beyond the potential of a price rally at the launch date, 1Fuel’s value proposition presents a long-term profitable investment for long-term investors. It is building a comprehensive wallet and exchange solution for crypto traders and investors.
Within 1Fuel’s ecosystem, investors will have access to a military-grade cold storage facility and a peer-to-peer (P2P) exchange. There’s also a provision for artificial intelligence that helps with portfolio management and tax filing.
1Fuel takes it a step further with its privacy solution by introducing an inbuilt mixer that makes it harder to be tracked on-chain. This is a growing need for investors in the wake of on-chain surveillance.
Further down the line, 1Fuel (OFT) will also provide a crypto card that enables investors to spend their crypto on a daily basis. All these features prime 1Fuel (OFT) as a likely top contender in the market when it goes live.
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_
