Dogecoin and Floki Inu Holders Look to 1Fuel for Higher Returns in January

As the crypto market remains on a downtrend, dropping by 1.32% to $3.26 trillion in the past 24 hours, several top cryptocurrencies like DOGE and FLOKI are losing value faster than investors projected.

In search of a safe haven to protect against further market plunges, 1Fuel is the token up for consideration. With its recent presale success raising $1.18 million in a short span, and still selling at an affordable price of $0.015, investors have begun shifting away from memecoins DOGE and FLOKI. Discover more below:

DOGE and FLOKI investors are making a shift

DOGE and FLOKI have had an underwhelming performance in the past week and month by extension; DOGE declined by 2.07% and 15.16%, respectively, while FLOKI has followed the same selling activity with a 9.92% decline and a 26.26% drop, respectively.

These declines are representative of the memecoin market, which also plunged by 17.74% in the past 30 days to $97.09 billion, with volume dropping by 74.09% to $11.25 billion, as the market loses interest.

Analysts say DOGE isn’t showing any positive directional bias on the daily chart on TradingView. However, its recent downturn has been catalyzed after trading into a key resistance zone on the chart that could potentially induce further price drops.

While DOGE sentiment remains fair, it’s a different scenario for FLOKI, which projects a deep fall from its current price level as observed in the chart.

Since trading into a major supply zone on the chart between 0.0027246 to 0.00031552, FLOKI has seen a serious downturn, dropping by 43.09% while eyeing another potential downward movement of 20.16% should the current support level at 0.00016248 fail, as it heads back to a consolidation channel.

As top cryptocurrencies in the market perform below expectations, with Memecoins like DOGE and FLOKI ranking 7th and 68th by market capitalization respectively, it’s only ideal that investors consider alternative means of multiplying their crypto investments.

1Fuel’s major boom in the market

Investors looking for the best cryptocurrency to invest in by 2025 have turned to 1Fuel as the best option in this cycle, as the opportunity to rally by a potential 50x seems very clear and visible.

Its success will be associated with many key factors, including the current bull market run in motion, its cryptocurrency wallet in development, and 1Fuel’s utility on the platform itself.

For those unaware, the 1Fuel wallet being developed is said to be a one-of-a-kind cryptocurrency wallet, unlike any other in the market, as it will innovate several key aspects of the crypto market, including decentralized finance (DeFi).

The wallet will introduce some of the most important features, such as simplifying cross-chain transactions—that is, transactions involving tokens on different chains trying to be swapped, a key concern yet to be completely addressed. This will also eliminate the compulsory use of a specific token to transfer on a specific chain, as all users will ever require is just 1Fuel itself.

The wallet, analysts say, will pride itself on major security measures to ensure that while transactions occur seamlessly, staking activities are ongoing, and interactions with dApps take place, users don’t feel threatened by malicious attacks or have their funds stolen.

Conclusion

Looking for the best asset class to diversify your memecoin holdings like FLOKI and DOGE? Then 1Fuel should be the top consideration, as its use cases attach several benefits yet to be seen in the market.

Taking advantage of this will place users ahead of the coming bull run, as it remains the best cryptocurrency to invest in by 2025.

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