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Cryptocurrency News Articles
Amid SOL and DOGE Market Struggles, 1Fuel (OFT) Shines Bright, Offering 100x Return Potential
Feb 04, 2025 at 12:35 pm
As the global market faces a serious shake-up due to economic uncertainty, Solana (SOL) and Dogecoin (DOGE) have both taken heavy hits, shedding over 20% of their value.
As the global market faces a serious shake-up due to economic uncertainty, Solana (SOL) and Dogecoin (DOGE) have both taken heavy hits, shedding over 20% of their value. The primary culprit? The ripple effect of President Trump’s tariff measures has triggered a wave of market caution and forced investors to seek safer alternatives.
Amid this downturn, one crypto project is shining bright, offering innovative solutions to survive and thrive, 1Fuel (OFT). With groundbreaking features like one-click cross-chain transactions and strong investor interest, 1Fuel is quickly gaining traction, offering over 100x returns. Let’s take a closer look at it.
SOL’s struggles amid global market decline: What’s next?
Solana (SOL) was not successful in saving its price trajectory from the ongoing decline in the broader cryptocurrency market. The price of Solana has decreased by about 30% in recent weeks, with the most recent decline sending it to trade at around $196.
The macroeconomic uncertainty caused by Trump’s tariff measures is majorly contributing to SOL’s price fall. Solana is having trouble sustaining its positive pace as investors are moving toward safer assets. In the short term, SOL’s recovery chances may be further hampered by the impending trade war concerns.
According to cryptocurrency expert Ali Martinez, Solana just retested the lower boundary of a macro-rising pattern. To prevent a more severe selloff, Martinez stresses that Solana’s price needs to maintain the support level at about $191. It may be at risk of more drops if the price does not hold this level.
In the meanwhile, SOL investors are investing in the emerging star of the market, 1Fuel (OFT) as a safer bet as it provides more stable returns and is backed with solid technology.
DOGE takes a hit: Can it bounce back after a 22% drop?
Dogecoin (DOGE) has had a substantial price drop in recent trading sessions, dropping from $0.3250 to a low of $0.20. The price slide began when Dogecoin was unable to maintain support above the resistance level of $0.3250. Initial selling pressure triggered a succession of technical selling signals, causing the Dogecoin price to drop below the critical $0.30 barrier.
The market has been alarmed by Donald Trump’s latest tariff measures, which have led to a widespread sell-off in risky assets like DOGE. Dogecoin’s price has dropped below important support levels as market sentiment has become cautious, reflecting drops in other significant cryptocurrencies.
The pressure is being increased by the unpredictability of U.S.-China trade ties, which leaves DOGE open to more losses. However, DOGE investors have found a better alternative, 1Fuel (OFT) which provides better returns and has real-life utility, unlike meme coins.
1Fuel’s 100x return potential: Why are investors flocking to it?
While SOL and DOGE face market uncertainty amidst US tariff developments, 1Fuel’s (OFT) massive returns potential and solid fundamentals are attracting the interest of many traders and investors who are seeking a safe project to steer this market volatility.
1Fuel at its core enables one-click transactions across different blockchain networks and other cryptocurrencies by removing barriers that divide blockchains and promoting interoperability. It saves users from paying hefty network fees and opening several wallets for a single transaction.
One just simply needs to pick their preferred coin or token, decide what they want to purchase regardless of the network, and then rest as 1Fuel deals with all the technical complexities that go on behind it. Further setting the standards, 1Fuel offers a P2P exchange allowing users to trade directly with one another in faster, safer, and less expensive ways.
1Fuel (OFT) is currently in its presale phase and has been making a strong buzz in the market. The presale, despite being launched in late 2024, has already raised over $1.7 million in funding from investors all around the globe. Over 175,000 OFT tokens have been sold reflecting on widespread adoption of this upcoming project.
Each OFT token is currently trading at $0.017 and is anticipated to generate 500% returns and over 100x returns once the platform gets listed on a tier-1 exchange.
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_
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