The gains the cryptocurrency industry experienced in November-December were termed the beginning of a bull run by many analysts. However, with the current market outlook, maybe these analysts were quick to judge. As days go by, the market further creeps into the red zone.
One major aspect of the industry that has suffered a considerable decline is the meme coin category. For instance, major memecoins like Shiba Inu and Pepe have declined by 10.1% and 17.7% in the last 7 days. This has caused a major concern for investors.
With the current situation, holding meme coins isn’t the best idea, as they have no utility. For this reason, experts are advising SHIB and Pepe investors to turn to 1Fuel (OFT). Why 1Fuel? The token is currently in presale and not affected by market conditions. What’s more, it has the potential to provide 50x gains.
Meme Coin Instability Puts Investors at Risk During Market Downturn
Everyone agrees that the crypto market is volatile; however, no cryptocurrency type is as volatile as memecoins. This is because they are driven by speculation and hype rather than fundamentals. Their price swings could lead to rapid growth, but downturns can result in significant losses.
Now that the market is experiencing a downturn, holders of PEPE and SHIB are experiencing losses. Over the last 30 days, PEPE has lost 52% of its value, trading at $0.00001028. This figure also represents a 63.41% dip from its PEPE All-Time High (ATH), experienced two months ago.
Things aren’t great either for SHIB holders. Most notably, Shiba Inu failed to break its 2021 ATH during the November-December bull run, signalling signs of what would come. At the moment, holders have lost approximately 32% of their investments in the last month.
Most people bought into SHIB and PEPE to make massive rewards, which is failing to happen at the moment. It’s best to look elsewhere at the moment, and a name that every analyst lists as the perfect alternative is 1Fuel. With utility, you can give massive rewards while using the token in the real world.
Can 1Fuel Really Outperform SHIB and Pepe In Terms of Gains?
When you hear of a trendy coin, it’s usually under the meme category. This is different for 1Fuel, as it has gained attention for its presale performance. The token has generated over $1.8 million, with 178 million tokens sold. This sort of metric is attracting the attention of Pepe and Shiba Inu whales.
1Fuel’s unique selling proposition lies in its simplicity, multi-chain transactions, military-grade security, and user-friendly interface. Early investors have secured a 17x return in the third presale phase, with the price rising from $0.001 to $0.017. The project’s ease of use and strong security features make it an attractive investment opportunity for crypto enthusiasts.
If it’s on presale, how would it outperform SHIB and PEPE? Crypto commentators who have studied the presale believe that 1Furl could increase by 50x or more when it launches on exchanges. Only early holders would benefit from this gain, making now the best time to buy 1Fuel (OFT). Visit the website to purchase your own tokens.
If you would like to find out more information about the presale:
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