Cardano and Shiba Inu Backers See 1Fuel as the Perfect Addition to Their Portfolios
The crypto market has recently been dominated by the impressive performances of Cardano (ADA) and Shiba Inu (SHIB). However, a new project, 1Fuel, is now catching the attention of ADA and SHIB backers as a potentially perfect addition to their portfolios.
This article examines the unique features of 1Fuel and explains why its crypto presale is an investment opportunity worth considering.
Trade Your Way To a Fortune With 1Fuel
1Fuel is quickly emerging as one of the most promising DeFi projects of the season, thanks to its impressive suite of benefits and standout features. Among these, its advanced cross-chain functionality truly sets it apart. Unlike traditional crypto trading platforms, 1Fuel achieves full decentralization through a robust cross-chain bridge, seamlessly connecting multiple networks within the crypto industry.
The platform’s cross-chain system features a user-friendly one-click transaction model, enabling traders to effortlessly choose and trade any coin of their choice. Additionally, 1Fuel offers a decentralized P2P exchange, allowing users to connect directly with trading partners for transparent and secure transactions. Best of all, this exchange operates without any additional fees or hidden levies, ensuring maximum value for its users.
Cardano Witnesses Huge Growth Trend in Price and Market Activity
Like many other cryptos this altcoin season, ADA has had a good run this past month as it surged by an impressive 82.85%. For the past week, the token has been trading around the $1 mark after hitting its support level at $0.90 on Dec. 10. This price action has driven ADA above its 50-day EMA, so there could be some for growth in its future. However, the price of ADA‘s isn’t the only thing echoing growth in its ecosystem.
The DeFi activity of ADA has also expanded exponentially. After only 2 days, ADA’s TVL rose from $560 million to $644 million, according to DeFiLlama data. As such, if ADA can maintain both price and ecosystem growth, it could very well be en route to a new ATH by the end of 2024.
Will Shiba Inu’s Trend Continue Long Term?
Over the past week, SHIB has been trading at around $0.000027, much to the delight of its investors. This price is remarkable, as it has gained almost 160% on its August low. While this growth is already noteworthy, some analysts believe the coin is on the cusp of a strong bullish breakout in the upcoming altcoin season. An X post by SHIB Mortal predicted that Shiba Inu could reach $1 during this bull run.
One major factor driving this optimism in SHIB’s surge is its ongoing token burn. Data from ShibBurn shows that there has recently been a 425% burn rate increase, with 71,122,860 coins burned. Just a little over a month ago, SHIB formed golden cross and cup-and-handle patterns as its 200-day and 50-day moving averages crossed. These patterns are a sign that SHIB will go bullish soon and once this momentum starts, it might be sustained for the long term.
Conclusion
Want to see why ADA and SHIB backers are so hyped about 1Fuel? Take the chance to buy OFT at $0.012 each via 1Fuel’s presale. Don’t miss the chance to enjoy the benefits of what could be the best crypto presale of 2024.
If you would like to find out more information about the presale:
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Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
