SPONSORED POST*
The crypto market is enjoying a bull run with investors scrapping for the best crypto to invest in. As usual, the top dogs, Ethereum (ETH) and Bitcoin (BTC) are at the center of this bull run. However, in the midst of this, one piece of news that has been causing a buzz is the announcement of the 1Fuel (OFT) presale.
Let’s take a deeper look at what’s going on.
Bitcoin: Analysts predict $15 trillion price boom
Bitcoin reached an all-time high of over $100K. This is proof of the mass adoption of cryptocurrency and an indication that Bitcoin is not just being seen as a speculative asset but as a proper financial tool.
Even the US Treasury could not help but name it “the Digital Gold” after the price explosion. More people are now embracing Bitcoin than ever.
Wall Street’s biggest market maker admitted to the fear of missing out on this bull run and acknowledged that it was a mistake not to have bought Bitcoin earlier. And with President Trump Confirming Bitcoin reserve plans, a $15 Trillion price boom has been predicted.
Ethereum: On-chain activity reaches an all-time high
Recently, the Ethereum network experienced a sharp increase in activity. On-chain data shows that, on average, over 130k new addresses were created daily in December. The last time Ethereum witnessed this level of activity was in April 2022.
While Ethereum has not performed at high levels like Bitcoin, Solana, and XRP this year, this sudden resurgence makes analysts believe that Ethereum might just break above the $4,000 level and probably break into the $5,000 price level before the end of 2024 or early 2025.
Also, US-based spot Ethereum ETFs have been performing well, with a record $854M inflow last week- the highest since launch. Presently, US-based spot Ethereum ETFs are on a 15-day positive inflow streak.
The continuous pumping of capital into the Ethereum market is a testament to the growing Ethereum demand. And this will definitely have a positive effect on the price in the long run.
1Fuel presale: What you need to know
The 1Fuel presale has been causing a buzz, with many experts seeing it as the ultimate crypto project to invest in during this bull run. What exactly is this project all about and why are many investors bullish about it?
What is 1Fuel?
1Fuel is a project that aims to solve some of the longstanding problems in the DeFi space. Everyone knows how difficult it can be to do cross-chain transactions. The need to have multiple wallets for different tokens, bridging, and dealing with high gas fees all have made transactions less enjoyable- especially for those new in this space.
These problems are what 1Fuel is aiming to eliminate. With the proposed One Click feature, 1Fuel aims to make it possible for users to do any crypto transactions with just one wallet.
The way it is proposed to work is that all users have to do is select the coin they want to transact. The wallet takes it over from there. By using advanced systems, the wallet handles all the technicalities and also ensures that the most cost-effective route is used.
These features and more make experts believe it is the prime crypto project to invest in.
What to know about the presale
The presale is ongoing with over 25% of the target met. Analysts predict at least a 100X for early investors. So, if you want a project that will pump your portfolio, 1Fuel is one the best crypto to invest in to achieve that right now.
If you would like to find out more information about the presale:
Presale: https://www.1fuel.io/
Telegram: https://t.me/Portal_1Fuel
X: https://x.com/1fuel_?s=2
*This article was paid for. Cryptonomist did not write the article or test the platform.
