The crypto industry continues to develop due to top altcoins like Solana (SOL) and Sui (SUI) demonstrating impressive long-term growth that has captured significant interest among market participants.
Solana’s scalable and cost-friendly ecosystem and Sui’s operational efficiency set an inadmissible precedent for emerging projects such as 1Fuel (OFT) to follow.
Still in its ICO stage, the presale token OFT seeks to write its own success story, following the footsteps of these established players.
Read to determine why 1Fuel Will likely imitate SOL and SUI.
Solana bulls offset bearish pressure to buoy price
Solana bulls continue to exact dominance on the bears, countering their attempt to push SOL below $240. As a consequence, this price level has become psychological for both parties and will probably determine SOL’s future trajectory.
Amid this tug-of-war, the bulls are trying to push SOL past $260. With SOL climbing, sentiment is leaning towards bullishness, increasing its chances of reaching the target price.
Technical indicators like the RSI, at 60, favor an uptrend. This figure indicates SOL is within the territory of the bulls, a good sign that its value will rise.
Given their eventual integration, Solana’s impressive track record is expected to influence 1Fuel after its exchange debut. As of now, SOL has risen 26.65% in the last seven days to $234.
SUI sets sight on $6: can the 100-day MA spur breakout?
SUI’s 12-hour chart shows the asset trading within a rising channel, printing higher highs and higher lows. Amid this development, cryptos pundit Jonathan Carter forecasts SUI’s possible ascent to $6, provided its current support level holds.
Buyers are holding the fort at the 100-day Moving Average (MA) at $4.20, with massive buying activities seen at this price point. While this support level is currently secure, resistance at $5.30 at the upper layer of the channel proves unyielding.
However, if momentum is sustained and SUI scales this point, it can move further to the $6 target. CoinGlass data shows an increase in Open Interest, suggesting investors are still actively involved with SUI.
SUI’s steady long-term growth could be a mirror for 1Fuel following its official launch on crypto exchanges. At present, SUI has recorded a 4.21% weekly loss, falling to $4.44.
1Fuel set to replicate the growth of top altcoins as next breakout cryptocurrency
Still in its ICO phase, 1Fuel has demonstrated the ability to remain on the playing field long-term. Experts opine that it has massive growth potential and can imitate SOL and SUI.
One of the reasons this new project is growing in popularity is its game-changing cross-chain transaction. This feature will enable traders to execute transactions across different networks with 1Fuel hassle-free. Market players will no longer have to juggle multiple wallets or pay extra fees.
Another enticing feature the platform possesses is its privacy and security solutions. Privacy and security are leading concerns in the crypto industry because most investors have fallen victim to Breaches that have cost them their assets. To address this issue, 1Fuel is introducing a built-in privacy mixer and cold storage solutions to give users anonymity and absolute control over their assets.
Moreover, the platform’s smart contracts have been audited to ensure they are secure enough. Consequently, this will restore users’ trust and confidence.
Also, 1Fuel is offering users an avenue to earn passively through staking. With staking rewards reaching 30% APR, the platform provides users with an avenue to turn their investments into a perpetual source of revenue.
OTF presale token poised to rival SOL and SUI in gains
OTF, the native token of 1Fuel, is gearing up to register gains similar to SOL and SUI. Having made a groundbreaking debut on the crypto scene, it has captured the interest of institutional investors who are crucial in sustaining its long-term presence.
OTF is now in Stage 3 of its presale, selling for $0.017 after rising 70% from its opening price of $0.01. So far, investors have accumulated $1.4 million worth of the presale token, demonstrating support for the asset.
Following its exchange debut, experts are confident that OTF will be one of the top-performing assets in the crypto sector. To avoid missing the opportunity presented here, buy the presale token now because its current price will be the lowest it will ever trade.
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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