The general cryptocurrency market has been experiencing significant shifts, with tokens like IOTA and ALGO following market fluctuations. On the other hand, investors are pumped as they anticipate 1Fuel’s (OFT) launch, with its potential to outperform tokens like IOTA and ALGO.
1Fuel’s low price and impressive tech have further attracted investors, seizing its discounted presale price of $0.018 and accumulating OFT tokens before a major price spike. Read on to find out more.
IOTA last witnessed a major price pump in December 2024, reaching new heights of $0.6. This propelled many investors to buy IOTA. However, the following days were followed by a bloodbath as IOTA’s price plunged, pulling investors' capital with it.
At press time, IOTA is standing at $0.2, revealing over a 41.39% decline in the last month. On its daily chart, data from Coinglass reveals IOTA’s long/short ratio at 0.88, indicating investors are expecting more price decline as it is less than 1, resulting in investors exiting their positions.
Similarly, ALGO’s price has been following the general downward trend, with its price dropping to $0.26 at the time of this writing.
After a brief rally in December that peaked at $0.61, ALGO struggled to sustain its bullish momentum, plunging 58.34% to its current price of $0.24. The asset continues to form lower highs and lower lows, trending toward a key liquidity zone at $0.21.
Further analysis of market behavior shows that ALGO could trade far below this liquidity level as selling pressure has heightened. Coinglass shows that investors have sold nearly $1 million worth of the asset in just 24 hours, reducing their exposure.
Analysts and experts say that when major token sales are recorded, as seen in the case of ALGO, it is only a matter of time before the sell-off escalates, with other traders seeking better alternative cryptocurrencies. For now, analysts say 1Fuel is the top pick due to its unique technologies and a potential post-launch yield of 5,000%, making it the best crypto to buy now.
Within a few weeks, 1Fuel has recorded huge token sales, with over 211 million tokens sold and $2.2 million raised. The momentum isn't expected to end anytime soon as large investors gravitate towards the presale. 1Fuel’s strategic tech launches within its cryptocurrency wallet, which are spread across 2025, are one of the driving factors that have encouraged investors to quickly secure their spots.
According to 1Fuel’s road map, in Q2, 1Fuel will be launching some of its key features, including peer-to-peer trading transactions, which will remove the need for third-party interference. Its one-click cross-chain feature aims to eliminate the stress of juggling multiple cryptocurrencies, along with an in-built privacy mixer allowing anonymous transactions, temporary wallets, and cold storage, which will enhance the user’s security.
In Q3 and Q4, 1Fuel will be launching its cryptocurrency wallet and its physical and virtual debit cards, which aim to unite the real world and the crypto world, allowing users to purchase their daily needs while enhancing flexibility.
Savvy investors have decided to stick with 1Fuel, rather than IOTA and ALGO, having observed their continuous price decline.
With 1Fuel, analysts have predicted it could be 100x, particularly with its strategic tech launches spread across 2025. 1Fuel’s discounted price of $0.018 further positions it as one of the best crypto to buy now. A major price pump could push 1Fuel’s price above $2 as it prepares to list on major exchanges between Q2 and Q3.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.