The latest XRP news shows the asset is bearish as several market sentiments have turned against it, indicating a further price decline could be on the horizon. With this news, investors are keeping an eye on tokens with better market potential that could weather the storm. New crypto project, 1Fuel (OFT) remains the asset of key interest for investors as it has displayed strong market resilience during market turbulence.
At its current presale stage 4, 1Fuel has sold over $2.3 million worth of its token, with the potential to 100x from this level, according to analysts, as rumors about its token make waves. Read on to learn more.
XRP in a precarious state as sellers mount
The market structure that has begun forming on the XRP daily chart suggests a massive fall could be on the way should the pattern fully develop. This pattern is known as the head and shoulders pattern, which forms when the price creates a series of highs and lows in a triangular path while trading through a support level. Once this forms, a major price drop tends to follow.
In the case of XRP, this could lead to a potential 25.80% drop down to $1.77, a level last reached on February 3. This means large investors holding $100,000 worth of XRP, should this fall materialize, would have approximately $74,000,a major loss for such investors.
Analysts have confirmed the market’s bearish stance as a massive long liquidation has occurred in the past 24 hours, reaching $10.42 million, following the $21 million long liquidation of Bitcoin. This high level of long liquidation in the market, nearly rivaling top cryptocurrencies like Bitcoin, indicates the market stance and how a possible fall is closer.
With XRP news being bearish, investors are now more focused than ever on protecting their funds and generating good gains, such as the 100x analysts have predicted for the market-leading asset, 1Fuel.
The game-changing crypto asset: 1Fuel backed by great utility and 100x potential
With large XRP investors joining the cohort of investors top cryptocurrencies purchasing 1Fuel, analysts predict the 100x could happen, particularly as OFT, its native token, is about to be listed on major cryptocurrency exchanges. A major listing on Binance,a primary exchange the team is considering,would put OFT in front of investors, providing a better way to acquire the token without much hassle, in turn opening the asset to a major liquidity inflow from the market.
With inflows from top investors, 1Fuel is expected to outperform in the market, as its wallet technology sets it apart from typical wallets. In fact, analysts say major features such as its multi-chain cryptocurrency wallet and peer-to-peer cryptocurrency exchange would be game-changers.
The peer-to-peer exchange would allow users to seamlessly swap their cryptocurrencies among themselves, all at minimal and transparent fees. Some experts with insights into how it works suggest it could rival existing P2P exchanges, as it’s completely decentralized and efficient for small and large crypto transactions.
Ultimately, 1Fuel’s one-click multi-chain function would ensure interoperability in the crypto space, allowing traders to perform cross-chain transactions without dealing with multiple tokens, as 1Fuel’s native token suffices.
Conclusion
A super cryptocurrency wallet such as 1Fuel would change the game for the market, opening up opportunities yet to be seen. In fact, some analysts suggest the anticipated 100x potential could be surpassed should 1Fuel’s cryptocurrency wallet gain market traction. With 1Fuel gaining traction, it presents the best buying opportunity while it sells at a discount.
Buy 1Fuel at a discount today, ahead of the market boom.
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_
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