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Crypto Daily 2024-12-12 14:47:51

Shiba Inu's Slow Recovery Draws Altcoin Investors Towards VeChain and 1FUEL

The crypto market always comes with diverse investment opportunities and new alternatives for traders. One of the top coins based on market cap is Shiba Inu, but its slow recovery is causing many investors to question its near-term potential. It actually dropped 16% in just 24 hours, struggling to breach critical resistance levels. This uncertainty has caused altcoin enthusiasts to explore other opportunities like VeChain(VET), currently valued at $0.05518. It is thriving due to its real-world applications in smart hospitals and NGO/enterprise partnerships. Meanwhile, 1Fuel (OFT), priced at $0.01 in its presale, has gained significant traction for its innovative ecosystem. This includes one-click cross-chain transactions via its DEX wallet. Will SHIB lead memecoins in 2025? As of now, Dogecoin is far ahead of any other memecoin in the crypto space. Its current value is $0.3979 and has a market cap of $58.55 billion. Dogecoin’s position as a leader remains strong due to its community backing and advancements in technology. Meanwhile, Shiba Inu is valued at $0.0000276 with a market cap of $16.26 billion, so it would take a lot of work and time before it can overtake Dogecoin. Shiba Inu is still one of the best crypto coins, especially with the development of Shibarium and its ecosystem. But for Shiba Inu to become the leader of memecoins, it has to surpass Dogecoin. This requires its market cap to rise by approximately 260.09%. Despite SHIB’s potential, it would be hard to dethrone DOGE as the leader of memecons. While some experts believe that SHIB could close the gap, surpassing DOGE would require a dramatic shift in market dynamics. Investors continue to hold the top two contenders on secure platforms like Ledger and Trust Wallet, but SHIB’s slow recovery has shed a spotlight on some alternatives. Is 1Fuel and Vechain undervalued? Both VeChain (VET) and 1Fuel (OFT) appear to be significantly undervalued, offering unique opportunities for growth and long-term potential as some of the best crypto coins. VeChain (VET) is currently priced at $0.05512 (at the time of writing) with a market cap of $4.46 billion. It experienced a strong surge to an all-time high of $0.07750 in December 2024. This was a remarkable 37% price increase after breaching critical resistance levels. Although VET experienced a dip from June to November 2024, it has shown a steady recovery, peaking in December. On the other hand, 1Fuel is significantly undervalued as you can see from its current presale price of $0.01. This is the lowest the price would ever be. Once the presale concludes, investors can expect massive price increases. 1Fuel has impressive use cases, especially in cross-chain management, which makes it a top DEX wallet. Unlike alternatives like Ledger and Trust Wallet, 1Fuel allows investors to interact with different blockchain systems through a single wallet. The one-click, peer-to-peer, cross-chain transactions are possible without the need for a third party on 1Fuel. This is unlike Ledger and Trust Wallet, which require manual management. These features position 1Fuel to become a dominant player in the crypto space, despite its undervalued price. Why do investors keep buying up OFT? Investors are rushing towards trading 1Fuel (OFT), evident in the rapid progress of its presale which surpassed 90% completion in a few days. It’s expected to conclude soon. Many investors decided to take advantage of the opportunity to purchase OFT at its lowest price ever. Beyond the attractive pricing, early investors also offer priority access to 1Fuel’s crypto card and exclusive bonuses. One of the key features fueling investor interest in 1Fuel is its comprehensive capabilities, which cause OFT to stand out as a utility token. The token is built on cross-chain management, which comes with the ability to make one-click transactions in a P2P marketplace. It also offers cold storage, AI-driven functionalities, and a crypto card. These make 1Fuel a top DEX wallet, and investors don’t want to miss out on OFT. For those considering alternatives, Ledger and Trust Wallet are notable options, but they typically require more manual management of digital assets which can be cumbersome for investors. In contrast, 1Fuel simplifies the process, offering a streamlined, all-in-one solution. One wallet for everything As the 1Fuel presale nears the end of Stage 1, the demand for the OFT token continues to rise, especially due to its low price, advanced features, and exclusive opportunities for early investors. 1Fuel has solidified its position among DEX wallets, since it will allow investors to interact with multiple blockchain systems from a single wallet. 1Fuel is set to become a game-changer in the world of decentralized finance and crypto investments. Learn more about 1FUEL. Click on the links below: Presale: https://www.1fuel.io/ Telegram: https://t.me/Portal_1Fuel X: https://x.com/1fuel_?s=21 Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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