The February tariff-driven sell-off left no coin unscathed. Even large caps like Ethereum and XRP got a heavy thrashing. And while all this was happening, 1FUEL‘s low-cost trading solution was gaining more attention. Let’s understand why and how to gain from it.
Ethereum (ETH): The smart contracts platform trendsetter
The Ethereum price crashed from $3,426 to $2,419 over the weekend entering February, with the Deribit Volatility Index for this coin exceeding 100%. Ethereum has since jumped back up to $2,754, showing that there’s still many buyers out there.
This is partly because they see Ethereum as a useful resource even in such turmoil. Remember, for many of the altcoins that were crashing much harder, those trying to get out or into their markets on-chain were doing it mainly on Ethereum.
Ethereum’s 24-hour DEX trading volume reached $7.47 billion, representing 30% dominance among all blockchains. This is a reassuring signal that Ethereum has matured utility-wise and could keep bouncing back after such downturns.
XRP (XRP): The epitome of decentralized cross-border payments facilitation
During the tariff-driven sell-off, XRP dove from $2.9 to $2.01 but has bounced back to $2.77. This is a strong signal that XRP is useful beyond speculative trading. However, the outlook isn’t yet as positive as desired. RLUSD, the new stablecoin on XRP’s network, should be a major driver of transaction volume and fee payments.
Sadly, the RLUSD’s market cap is way too low to boost demand for XRP in short-term situations. Additionally, XRP’s platform hasn’t yet attracted enough dApp activity in DeFi, gaming, NFTs or other use cases to significantly increase XRP transaction fee payments.
This means many investors will be waiting on the sidelines to see how the XRP market behaves in the near term before they can jump back in. The sentiment surrounding Ethereum may be slightly different, as explained above, but investors are still looking for other utility-driven projects.
1FUEL (OFT): The emerging cross-chain trading enhancer
1FUEL is gaining attention primarily because it’ll enrich decentralized trading with much needed features. This project will offer a wallet where investors can store all their coins and use them via dApps on different blockchains.
1FUEL’s crypto exchange will also enable cross-chain trading at a very low cost while allowing you to trade directly with a preferred party using the P2P function. 1FUEL will also enhance security and privacy with features like military-grade cold storage and built-in mixing capabilities. These will keep inactive coins offline and maintain transaction anonymity for users’ coins.
Why you should join the 1FUEL presale
Only 28.1% of the 1FUEL stage three presale tokens remain at $0.017 per token. If the presale closes before you buy, you’ll miss out on a 20% bonus on all purchases and won’t get this low price. Remember, utility-driven investors are already eyeing DEX projects since they are very useful even during broader market sell-offs.
Conclusion: Should your Ethereum and XRP funds go to 1FUEL?
The Ethereum price will bounce back along with the XRP market, but this could take several months. And while 1FUEL is aiming for a tier-one exchange launch within the first two quarters of 2025, the window of entry is closing. 1FUEL can pay you handsomely in unrealized profits if you buy cheap presale tokens soon, so head to the presale site and get what’s left quickly.
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_
