The altcoin season is well underway. Ripple consolidated after a recent pullback, as Solana’s daily volume hit $13 billion. Also, 1FUEL, a new altcoin has stood out for its growth potential.
Let’s see why you should consider adding them to your portfolio.
XRP Consolidates; Targets Resistance at $3.30
XRP has pulled back by 18% since its annual peak on December 3. Despite this, traders are still optimistic about a strong price recovery. Many XRP enthusiasts are betting in favor of a rally, a risky move. The resurgence of Bitcoin’s dominance poses a true danger to highly leveraged XRP long traders. Potential funds transfers from XRP to Bitcoin could lead to liquidations.
Following a huge 50% gain last week, Ripple (XRP) is trading below the $2.30 support. Even with the pullback, XRP is still consolidating at levels above its 2021 bull market peak. The price is trading sideways, which is typical after a significant surge.
Analysts are peeling their eyes carefully for key support zones. Should XRP dip any further, the next support is between $1.15 and $1.79. Micro-support regions range from $2.33 to $2.06 in a shorter time frame. However, if the bearish trend reverses, the previous highs of $3.20 and $3.30 are possible targets.
Solana daily volume hits $13 Billion; Drives investor confidence
Solana climbed above the $215 and $220 resistance levels after scaling the $200 resistance. The bulls pushed the price above the 50-day simple moving average and the $240 mark.
Solana stayed well above the 50-day simple moving average while testing the $220 support zone. After recovering some of its losses, it climbed over the $240 mark. On the daily chart, SOL crossed a short-term bullish flag with resistance at $235.
The current price action is bullish, signaling a fresh rally incoming. Similarly, for the first time since November 22, the daily volume of Solana (SOL) reached a high of $13 billion. The volume indicates the total amount of cryptocurrency exchanged during a certain period in monetary terms. The next target is at the $250 level. If there is a clear move above the $265 mark, SOL may rise toward $272, making it one of the top crypto presales of 2024 to watch.
1Fuel impresses, Experts envisage 500% returns
Investors are increasingly turning attention to 1FUEL, a new altcoin that offers substantial rewards, as they set new standards for decentralization. 1FUEL‘s unique approach to digital asset management combines security and superior user experience.
1FUEL Handles Privacy, Staking, and Spending. One of the promising blockchain options available right now that has the potential to revolutionize how we utilize digital assets is 1FUEL. Investors see this secure cryptocurrency wallet as the best cryptocurrency to buy now since it offers a compelling opportunity.
One noteworthy aspect of 1FUEL is its staking option, which enables users to earn cryptocurrency staking incentives just by keeping their tokens on the network. This means that you can get passive income from your investment in addition to trading and managing your cryptocurrency portfolio.
Additionally, 1FUEL offers both physical and virtual debit cards to enable customers to spend their assets conveniently. Adopting cryptocurrencies for daily activities, including online purchases or physical store shopping, is now simpler than ever.
With features like a privacy mixer and excellent cold storage for cryptocurrency tokens, 1FUEL is also a privacy-focused cryptocurrency. This enables investors to own their assets anonymously. This is crucial in a world where data breaches are commonplace and positions 1FUEL as one of the top crypto presales of 2024.
Conclusion
XRP has consolidated following a pullback, while Solana’s daily volume has skyrocketed. 1FUEL’s innovative transformation has positioned the token for unprecedented growth. At $0.01, the presale is the greatest opportunity to get into the next revolution in crypto wallets at the lowest possible price.
Get in now and watch out for possible 100X returns in 2025.
Discover More About 1FUEL:
Presale: https://www.1fuel.io/
Telegram: https://t.me/Portal_1Fuel
X: https://x.com/1fuel_?s=21
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