Ethereum Slips, 1Fuel Surges in Crypto Shakeup

Ethereum (ETH) has returned to the same price level of $2650 as a year ago, raising concerns about its growth. In the last month, Ethereum has lost almost 4% of its market cap. Cardano (ADA), another major player, is also struggling to gain momentum, with consistent sales pressure locking it within a price range. Meanwhile, emerging projects like 1Fuel (OFT) are showing strong potential for higher returns, with its ongoing presale attracting significant attention.

Ethereum's price movement has not been reflective of the overall market trend. While Bitcoin (BTC) hit a new all-time high of $109,000, Ethereum responded very little to the market hype. Instead, it reacted more to the market crash, falling as low as $2086 at the beginning of February. Ethereum ETFs have recorded huge inflows in the past couple of months, but their price action has failed to reflect this, raising serious concerns about the underlying problem. Despite headway made with updates around reducing gas fees and optimizing its blockchain, the market hasn't reacted with a price surge. Some investors believe this is an accumulation season for the cryptocurrency and a price rally is imminent, while others suspect deeper internal issues yet to come to light.

Cardano is currently trading at $0.77, after a month-long decline of close to 20%. While ADA tried to recover with a 5% increase in the last seven days, the previous 24 hours recorded a 2% decline in its market cap and daily trading volume. Investors are losing patience with these two big players, triggering a search for a new investment option, which led to 1Fuel (OFT).

1Fuel (OFT) has given investors looking for new opportunities the perfect excuse to jump ship. The ongoing presale of 1Fuel (OFT) is currently a hotspot attracting many investors at a fast rate. In three months, it has grown from 0 to $2.1 million. Within 48 hours of opening its stage 4 presale round, almost 10% have been scooped up. This growing interest and rumors of institutional backing at an early stage could provide the right hype and liquidity to push 1Fuel OFT price by 1000% on launch day.

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