1 week Ago
The current recovery phase in the cryptocurrency market has driven excitement among investors. Amidst the current market boost, top cryptocurrencies like AVAX and TRX have also experienced a level of price increase. During this recovery stage, whales are taking profits and diversifying their portfolios in order to avoid losses accompanied by possible downturns.
Investors’ attention has been drawn to 1Fuel , a utility token that is currently at its presale stage with a discounted price of $0.017. With the third phase of presale swiftly rolling out, 1Fuel is set to gross over $1.
5 million in token sales soon. Analysts have further predicted over 100x return upon token launch in 2025. AVAX struggling amidst market recovery Amidst all this excitement, AVAX, a top cryptocurrency is struggling to maintain upward momentum.
As of this writing, AVAX price trades at $36.69 per token with a 0.18% drop on the 24-hour timeframe on the chart .
Analysis from TradingView has shown that AVAX is still trading within the descending triangle—a bearish pattern formed when a descending upper trendline converges with a second, flatter horizontal trendline. AVAX may struggle to break above the $38.30 resistance level within the descending triangle in which it trades and could face difficulty holding the critical $35.
71 support level if this bearish trend persists. This pending downtrend has prompted cautious investors to explore alternative options like 1Fuel, which offers greater potential for long-term growth Investors diversify as TRX faces pending downtrend: TRX, another notable cryptocurrency in the market, is struggling to retest its former all-time high which was recorded last in December 2024 at a token price of $0.45.
Between December 5 and January 25, TRX price fell from $0.34 to $0.25.
The decline within this range has led to the formation of a descending triangle on the daily timeframe, as revealed in the analysis from TradingView . This continuous trend will eventually lead to TRX's long-term consolidation. Worried investors are beginning to take profit during this extended downtrend, lasting over a month as they begin to diversify their portfolios into more profitable tokens like 1Fuel .
1Fuel vs top cryptocurrencies: Whales decide Large investors continue to flock towards 1Fuel, seeing its potential and opportunities. 1Fuel boasts of innovative use cases which sets it apart from top cryptocurrencies like AVAX and TRX. 1Fuel’s cryptocurrency wallet which is in its development phase will feature a staking program, with up to 30% APR.
Investors will have the opportunity to earn passively while holding their favorite tokens. 1Fuel’s physical and virtual debit cards will enable fast and easy means of making crypto transactions possible in the real world. The introduction of peer-to-peer (P2P) will facilitate secure and fast transactions of crypto assets without the hassle of third-party interference.
Along with the P2P feature, 1Fuel will enable multi-chain functionality. This will enhance user experience as transactions on different blockchains will be possible. This eradicates the stress of navigating multiple cryptocurrency wallets.
Conclusion With over $1.5 million already raised, it is just $500k away from reaching the $2M milestone. Analysts believe that once this threshold is reached, the price of 1Fuel could experience a sharp increase.
Currently priced at an undervalued price of $0.017, 1Fuel offers a unique opportunity for early adopters with the potential to be 100x ROI upon token listing. Website: https://1fuel.
io/ Telegram: https://t.me/Portal_1Fuel Twitter / X: https://x.com/1Fuel_ Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ Disclaimer: Analytics Insight does not provide financial advice or guidance.
Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made.
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