The cryptocurrency market is up by 1.49% in the last 24 hours, with its current market capitalization reaching $3.22 trillion with tokens like LTC and AVAX benefiting. This bullish sentiment in the market is in preparation for the February crypto fever, as tagged by analysts, where multiple altcoins will turn a profit, with a select few like 1Fuel (OFT) returning up to 20x a few weeks from now.
Analysts’ Avalanche and Litecoin price predictions have led investors in both assets to consider 1Fuel, touted to be the best cryptocurrency investment this February.
Investors drop LTC, AVAX, move to asset with high potential
Despite a positive Litecoin price prediction among certain investors, with the proposed spot exchange-traded funds (ETF) for the asset seeing a green light from the U.S. regulatory body, the Securities and Exchange Commission (SEC), analysts say the full rally won’t kick off this February.
Analysts believe Litecoin would perform minimally, adding a potential 100%, but would require more fundamental changes to see a major rally. These analysts say that while the proposed spot LTC ETF is bullish news for the market, it could take at least one month before final approval, and by then, the February rally would have eased with investors catching minimal gains.
Unlike the bullish Litecoin price prediction, AVAX is on a different path. On the daily and weekly charts, it has managed to see a minimal gain of 3.11% and 1.70%. However, on the monthly chart, it still struggles, as it is down 33.09%.
On the chart, however, AVAX shows signs of regaining the bullish momentum it’s gradually building as it trades within an ascending triangle pattern. If the pattern fully takes effect, then AVAX’s price this February, according to predictions, would tally 11.22%, reaching $29.65. Analysts note that a 35.61% rally could still be reached in the long term, with AVAX’s price reaching the liquidity zone of $36.17.
Smart money with a history of winning trades suggest that the best cryptocurrency investment for investors looking to catch the bullish wave of the month should be 1Fuel. They cite its peer-to-peer exchange, which is about to be launched, and its listing on top crypto exchanges as major catalysts for its growth.
1Fuel becomes target for LTC, AVAX holders
1Fuel has become a major target for investors as its performance stuns market participants. In a matter of weeks, its presales have hit $2.1 million, with over 200 million tokens sold. Analysts with close insight say the next few weeks will see a series of rapid market purchases that could potentially lead to 1Fuel gaining an additional 20x.
When asked, analysts say 1Fuel’s cryptocurrency wallet utility, particularly its unique P2P exchange with a different stance on transaction fees compared to other cryptocurrency peer-to-peer platforms, makes it stand out. They forecast a high adoption rate for this P2P exchange, which would have a positive impact on 1Fuel, as transfer volume would surge and its price would follow suit.
Finally, according to 1Fuel’s roadmap, the asset is expected to get listed on top crypto exchanges, including Binance, in the first quarter of the year. With the current surge in buying volume in the broader crypto market, a listing such as this would result in massive returns for 1Fuel.
Conclusion
For now, the general consensus is that 1Fuel, currently selling for as low as $0.018 with an instant 20% bonus, is among the hidden gems in the market, and accumulation is silently ongoing. Analysts say it’s only a matter of time before 1Fuel hits the main stage, where its price would rise even higher.
Buy 1Fuel now before it hits the main market!
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_
