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Investors look to 1Fuel as Cardano (ADA) Ethereum (ETH) struggle.
Table of Contents
ETH struggles to maintain bullish momentum
ADA faces high-selling pressure
Whales eye 1Fuel following ADA and ETH struggle
Conclusion
With the current retracements, some altcoins have found it difficult to regain momentum. Ethereum, which rose to $4,000, nearing its ATH of $4,792, has declined drastically. Cardano trails a similar path, falling below $0.91. Should there be more retracements, analysts suggest they might consolidate at their current values or experience further decreases.
However, a new token, 1Fuel, has been gaining traction and recording an increase in sales. Currently, in its second phase selling at $0.012, 1Fuel has raised $835,000, with experts ranking it among the best cryptocurrencies to buy for 2025.
ETH struggles to maintain bullish momentum
In the past 24 hours, ETH has struggled to break out of $3,477 resistance and has assumed a bearish state with a high chance of ETH dipping below $3,300 before a rebound.
ETH’s long/short ratio — a metric to track the ratio of buyers to sellers in the market — is at 0.98 and on the verge of entering 1, a bullish sign. This means that investors believe that ETH still has the potential to increase, allocating more funds to it. However, if ETH reverses from its current price, there’s a possibility of it dipping to $3,000, which will result in a massive loss for these investors.
The uncertainty surrounding the ETH’s rally has caused investors to eye 1Fuel because of its potential offerings. 1Fuel has recorded a massive increment in its token presales, and it’s set to change the investment narratives in the cryptocurrency market in 2025.
ADA faces high-selling pressure
ADA is currently trading at $0.86. The token has seen a 9.63% decline in its trading volume. This indicates that there’s high selling pressure, pushing ADA’s price downwards.
ADA may gain momentum if it drops into the $0.73–$0.63 range, where buyer interest is anticipated. However, investors should exercise caution, as market volatility could push prices below this range, leading to potential losses.
Whales eye 1Fuel following ADA and ETH struggle
Experts predict at least a 500% surge in price after 1Fuel launches on top cryptocurrency exchanges. Notably, investors will get a 30% APR on all their staked coins, meaning they can earn passively. 1Fuel will also support P2P trading on its platform, giving room for users to trade directly with other users at low fees.
Furthermore, with 1Fuel, users will get a built-in AI-powered feature that will make all the functions in the cryptocurrency wallet easy for them to use, facilitating seamless transactions.
Conclusion
As the cryptocurrency market regains momentum, coins like ETH and ADA have been finding it hard to join the bullish trend. However, 1Fuel is set to create a buzz in the altcoin market. The new crypto is currently selling at $0.012 but is expected to surge more than 100x once it hits top cryptocurrency exchanges.
To learn more about 1Fuel, visit their website, Telegram, or X.
Read more: Bonk and WIF to be outshone by new altcoin 1Fuel, say experts
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