Following the launch of DeepSeek, the crypto and stock markets were hit. The recent market sentiment has caused a decline in the Bitcoin (BTC) price, which has caused it to fall below the $100,000 mark. Meanwhile Dogecoin (DOGE) investors are optimistic because of its historical move.
But 1Fuel has taken the headlines with its ongoing presale after raising nearly $1.8 million. The successful presale has caused analysts to tip it as the next coin to do 1,000x or more. Let’s find out why.
1Fuel presale close to a new milestone
After reaching stage 3, the 1Fuel presale has picked up a stronger momentum than in stages 1 and 2 combined. The massive interest from new investors is causing the presale to fill faster than anticipated, with over 174 million OFT tokens sold and a presale raise in excess of $1.7 million.
Already, 1Fuel is set for bigger milestones and the signs are great for investors. Some are already making decent gains during the presale as the 1Fuel price increases at every stage. For instance, the altcoin’s price was $0.012 in the previous stage, but has jumped up by over 41% to $0.017 in a few weeks. They can also enjoy staking rewards up to 30% APY when they lock up their assets in the 1Fuel liquidity pool.
Long-term investors are also keeping their fingers crossed for bigger gains as they anticipate that the project will experience a big boom when it fully launches. These optimistic predictions are fueled by the project’s strategic roadmap and exciting features, which set it apart from its competitors in the DeFi space.
These include the 1Fuel Network, comprising a decentralized exchange (DEX) and a P2P exchange focused on offering traders more accessible and cheaper ways to buy and sell digital assets. Moreover, 1Fuel boosts its network security with its in-built mixer, which anonymizes every transaction and makes it untraceable by malicious actors.
BTC drops below $100K after recent dip
The BTC price has been on a decline in the past week, following increased uncertainty among investors. The downward movement in the BTC price comes after the coin peaked to reach over $108,000 during the past month. However, with the recent realities around the BTC ecosystem, there’s been an increased bearish sentiment across retail and institutional investors.
The decline in the BTC price was initially fueled by China’s launch of DeepSeek, an AI tool that popped up to challenge its American counterparts. This caused a crash in the stock and crypto markets, with top assets crumbling. However, technical indicators suggest the sharp decline in the BTC price is for a short period.
DOGE plunges further after market decline
DOGE has also been struggling in the crypto market following the recent downturn. The DOGE price has decreased by over 27% in the past month, falling to around $0.27 from its initial high of $0.44 within the same period. This has caused DOGE investors to pitch their tents with well performing cryptos like 1Fuel to limit their risk exposure and cumulative losses.
However, some DOGE investors are optimistic that the meme coin will bounce back soon based on its historical price pattern from 2014, when DOGE shot up by over 400% after a similar start to the year.
Conclusion
While BTC and DOGE investors are uncertain and are having their investments decline, 1Fuel investors are accumulating short-term gains across its presale stages. Interested investors looking to back the project can purchase OFT at its current low price of $0.017 before it increases.
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_
