The investor rush towards crypto continues apace – but while some digital assets such as Ethereum, are thriving, Polygon’s outlook is less clear. The altcoin has struggled to hit its stride, leaving the playing field clear for challengers like 1FUEL. With its presale creating an enormous buzz thanks to expected returns of 500% or more, this privacy-focused cryptocurrency is proving irresistible to Ethereum whales. Read on to find out more.
What you'll learn 👉
Why is Polygon struggling to claw its way back to $1.00?
There have been many clear winners in the November bull run – and some digital assets continue to thrive as December gets underway. Bitcoin is the standout example but plenty of other tokens have also held on to strong gains.
That said, analysts have been somewhat underwhelmed with how Polygon has performed thus far. In the two weeks immediately after the U.S. election, it gained around 40% in total. This saw Polygon reach $0.50 but despite the bull run running red hot at that time, it did see some price yo-yoing that prevented a steady and sustained upward curve.
The 30-day rolling summary from just before the U.S. election results were called to the beginning of December paints a brighter picture. In that period, Polygon’s value increased from a low of $0.29 to a high of $0.75. It’s now fallen back once again, to $0.719 as of 04 December.
The big question is, what does Polygon need to finally reclaim $1.00?
The last Polygon price high was in 2021 when it peaked at $2.92. Theoretically, achieving $1.00 shouldn’t be that big of an ask amid a frenzied bull market. But can Polygon do it? It’s facing stiff competition with Ethereum whales also tempted by one red-hot cryptocurrency presale. That comes courtesy of 1FUEL, the privacy-focused cryptocurrency that’s changing the narrative around digital wallets, privacy, and accessibility.
Analysts say that trading data could indicate a bullish breakout. They point to higher lows and higher highs, with a slow and steady shift upwards rather than some of the more dramatic gains we’ve seen from other altcoins.
Daily transaction counts have also ticked upwards which is another positive sign, but the modest performance, which sits well below previous highs, does leave a major Polygon rally in question. Some analysts suggest gains of just 10% – 15% would be a realistic objective for December. If we were to see that performance, Polygon would still fall short of its bid to reclaim the $1 ground.
It also leaves the door wide open for Ethereum whales to direct their attention elsewhere. 1FUEL is currently catching the benefit of that, with its cryptocurrency presale garnering impressive levels of support already.
Why are Ethereum whales turning their attention to 1FUEL instead of Polygon?
1FUEL is the breakout privacy-focused cryptocurrency that is running red hot. Its presale is commanding attention with Ethereum whales taking notice of its laundry list of groundbreaking innovations.
What sets the 1FUEL presale apart is the one-click, one-transaction nature of its ecosystem. This is a digital wallet that is designed to overcome common usability and accessibility barriers.
There’s no juggling multiple transactions, no calculating multiple fees, and no complexity. It’s as simple to use whether sending on Ethereum as trading across different platforms. That’s because 1FUEL takes over after the user chooses their preferred coin to handle the transaction in the background.
Users also benefit from enhanced privacy and safety protocols with cold storage, temporary wallets, and a built-in privacy mixer.
Conclusion
Don’t let the Ethereum whales buy out the 1FUEL presale before you take your position. Register now and be a part of the future of crypto with projected returns of 500%, a 100x increase on public launch, and staking returns of up to 30% APR.
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