Recently, the general cryptocurrency market has been on a downward trend, with top cryptocurrencies like AVAX and TON currently experiencing a correctional phase. Amidst the market downturn, 1Fuel (OFT), still in its presale stage 4, has amassed over $2.1 million in token sales while selling at a discounted rate of $0.018. Why are analysts predicting 1Fuel to be the next big exchange token? Read on to find out more.
AVAX’s price plunges as investors turn to alternative token
In the past month, AVAX has been on a downward trend with its price dropping from $38.16 to $25.02 representing a 35.60% decline. The Relative Strength Index (RSI), which measures the speed and change of price movements, confirms that AVAX’s downward trend could intensify in the days to come, as it is currently in the bearish zone with a reading of 38.0, indicating weak momentum.
Further analysis of the chart reveals that AVAX saw a massive outflow among large holders. Currently, AVAX’s large holders possessing a minimum of 0.1% of the total circulating supply have dropped by 46.20% in the past.
With these recent activities, AVAX investors are searching for better opportunities, with 1Fuel being among their top choice. Just like AVAX, TON has been experiencing a downward trend.
Toncoin’s holders shift capital amidst market volatility
During December’s rally, TON reached a new all-time high of $8.23. This got investors excited as they were optimistic TON could establish new highs in subsequent months. However, this momentum was short-lived, leading to a massive sell-off among investors. At press time, TON is currently trading at $3.74 revealing it has declined more than half of its recent all-time high.
Among other factors, which include the impact of the current market uncertainty, whale activities have also contributed to TON’s current market conditions. On the chart, large holder outflow has reduced by 1.03% on the weekly chart, indicating this market cohort has begun selling TON.
These massive sell-offs by TON large holders suggest that investors are exiting their positions and pumping their funds into a new token, 1Fuel, as top analysts consider it one of the best crypto to buy now. According to experts, 1Fuel could be the next big exchange token in 2025.
1Fuel takes the spotlight as the next big exchange token
1Fuel has been experiencing a massive influx of investors from top cryptocurrencies like TON and AVAX following its fast token sales surpassing $2.1 million in a couple of weeks and soon-to-be-released cryptocurrency wallet.
1Fuel is set to transform crypto transactions with its upcoming launch, potentially slated for Q1. The platform plans to integrate a peer-to-peer exchange in its cryptocurrency wallet, enabling users to trade tokens for fiat currencies.
This innovative approach eliminates third-party interference, significantly boosting transaction speeds. Analysts believe that this utility-driven solution positions 1Fuel as the next big exchange token of the Year, making it a game-changer in the crypto space.
Crypto traders often go through the hassle of trying to keep tabs on multiple pass keys for their cryptocurrency wallet but with 1Fuel this will be resolved. 1Fuel’s single-click multichain feature—still in development—will eliminate users’ stress of juggling multiple cryptocurrency wallets.
Conclusion
With the cryptocurrency market currently experiencing fluctuations and top cryptocurrencies like AVAX and TON declining, 1Fuel is set to outperform them. Large holders of AVAX and TON are not slacking as they accumulate 1Fuel at a discounted rate of $0.018, securing their spots as early adopters.
Analysts predict it could be 100x post-launch and they have tagged 1Fuel as the best crypto to buy now before a major spike in its price.
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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_
