Connect with us

Blockchain

PEPE & Dogecoin investors buy into 1FUEL as analysts hint that this wallet exchange could see astronomical gains

Published

7 hours ago

on


Memecoins like Dogecoin and PEPE have shaken up the crypto market with their explosive growth and wild volatility. While these tokens continue to dominate many conversations, a growing number of investors are beginning to look beyond the hype for projects with real-world applications – projects like 1Fuel (OFT). 

With smooth cross-chain transactions, security-focused solutions, and a vision for real-world crypto adoption, 1Fuel is quickly becoming the go-to investment for those DOGE and PEPE holders that are seeking a high-growth opportunity with real-world utility. Let’s find out why. 

Is hype enough? Why DOGE and PEPE investors are looking elsewhere

Dogecoin (DOGE) and PEPE have long been memecoin classics, attracting investors with their funny beginnings and volatile market performances. 

Dogecoin is currently trading at about $0.26, down 1.74% from the previous day. PEPE, on the other hand, is trading at about $0.0000094, marking a 3.9% fall over the previous day. These changes emphasize the intrinsic volatility of meme currencies, which, while providing chances for large returns, also carry huge downside risk for investors.

Despite their volatile nature, DOGE and PEPE have maintained significant market capitalizations, indicating sustained investor interest. Their significance is reinforced by recent developments, like Grayscale’s launch of a Dogecoin Trust, which aims to simplify investing processes for accredited investors. Such institutional endorsements point to a growing perspective of memecoins within the larger financial ecosystem.

However, their minimal utility puts them in stark contrast to emerging projects like 1Fuel (OFT), which offers features such as one-click cross-chain transactions, enhanced security, and practical utilities like crypto debit and credit cards. This contrast is encouraging many DOGE and PEPE investors to diversify their portfolios by adding this leading crypto to their holdings.

The wallet that does it all: 1Fuel’s unparalleled features

As memecoin investors are increasingly acknowledging that their investments in DOGE and PEPE exposes them to the risk of extreme volatility, they are offsetting this risk by continuing their buying spree for 1Fuel (OFT). It is an upcoming cryptocurrency wallet and a decentralized exchange that aims to transform TradFi.

1Fuel, at its center, facilitates one-click transactions between multiple blockchain networks and cryptocurrencies by eliminating barriers between blockchains and improving interoperability. It protects users from paying high network costs and creating many wallets for a single transaction. One only needs to select their preferred coin or token, decide what they want to buy regardless of network, and then let 1Fuel handle all of the technical intricacies. 

1Fuel sets another benchmark by providing a peer-to-peer (P2P) exchange that allows users to trade directly with one another in faster, safer, and less expensive ways. This also promotes decentralization that lets its users have complete control over their assets. 

Furthermore, by prioritizing top-notch security and privacy, 1Fuel is getting ready to introduce its physical and virtual crypto debit and credit cards. This will let users use their cryptocurrency holdings be used in daily-life transactions in a safe and secure way. 

Could 1Fuel be the next 100x opportunity?

1Fuel (OFT) is currently in its presale phase and has emerged as a leading player amongst new and emerging cryptos. The 1Fuel presale has already raised over $2 million in funding from investors of leading projects like DOGE and PEPE. 

Over 200,000,000 OFT tokens have been already sold, reflecting the massive hype surrounding this upcoming project. Each OFT token is currently trading at $0.018 but some analysts believe it could generate 40x presale gains and over 100x returns once the platform goes live and its native OFT tokens get listed on tier-1 exchanges. 

You can find out more about the 1Fuel presale here:

Website: https://1fuel.io/

Telegram: https://t.me/Portal_1Fuel

Twitter / X – https://x.com/1Fuel

Share this article
Categories
Tags



Source link

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Blockchain

Securitize launches tokenized Apollo fund on major blockchains

Published

2 weeks ago

on

January 30, 2025

By


  • Securitize and Apollo have teamed up to launch a diversified credit fund.
  • The Apollo Diversified Credit Securitize Fund, ACRED, goes live on Aptos, Avalanche, Ethereum, and Solana blockchains.

Tokenization platform Securitize has partnered with $730 billion alternative asset manager Apollo to bring a new tokenized credit fund on-chain.

Securitize announced on Jan. 30 that it had collaborated with the NYSE-listed Apollo to launch the Apollo Diversified Credit Securitize Fund on several major blockchains.

The fund, ACRED, will offer tokenized access to a diversified credit strategy, with support available on Solana, Ethereum, Aptos, Ink, Avalanche and Polygon networks.

It’s the first time the ACRED fund is available on-chain to qualified institutional investors.

“This tokenization not only provides an on-chain solution for Apollo Diversified Credit Fund, but also could pave the way for broader access to private markets through next generation product innovation, greater secondary liquidity, and efficiency over time,” Apollo partner Christine Moy said.

On-chain private credit market

To enable multichain support, Securitize is leveraging its integration with interoperability provider Wormhole.

Bringing fixed income and private credit on-chain adds to the tokenization momentum that has seen major players such as BlackRock, Franklin Templeton, Hamilton Lane and KKR among others bring funds on to the blockchain.

In a comment, Securitize co-founder & CEO Carlos Domingo noted;

“The next wave of demand for tokenized assets has emerged around fixed income, including private credit. Apollo’s expertise in private credit makes them an ideal partner in tokenizing this category of real-world assets (“RWA”), unlocking broader opportunities for investors.”

The tokenized private credit market allows investors to earn real yield from providing loans to global businesses, with the sector a $1.6 trillion market in the traditional finance ecosystem.

Currently, the tokenized private credit market accounts for about $21 billion in total on-chain loans, about $11.7 billion of which is active on various protocols.

Share this article
Categories
Tags





Source link

Continue Reading

Blockchain

Virtuals Protocol Expands To Solana, Launches Meteora Pool

Published

3 weeks ago

on

January 25, 2025

By


Virtuals Protocol, a platform that focuses on building a co-ownership layer for Artificial Intelligence (AI) agents, has announced its expansion to Solana. The move marks a significant milestone in the platform’s journey to fuel innovation and empower developers across diverse ecosystems. This integration also paves the way for future AI developments on the Solana network.

As proclaimed by Virtuals Protocol, the platform’s integration into the Solana blockchain marks the beginning of another exciting phase. Their mission centers on creating meaningful value, invoking innovation among builders, and pushing the platform to unprecedented success.

Virtuals Protocol Makes its Debut on Solana

On January 25, Virtuals Protocol announced in an X post that the platform has extended its services to the Solana ecosystem. Virtuals Protocol wrote on X, “We are beyond excited to announce Virtuals’ expansion to Solana, marking a significant step in our journey to empower builders and drive innovation across multiple ecosystems.”

While the platform intends to extend its presence to various other blockchains, Solana marks just the starting point. Virtuals Protocol intends to establish dedicated resources to join hands with industry leaders and institutions. In addition, the platform also plans to provide financial support for projects within the ecosystem.

Meteora Pool Launch on Solana: What To Know

As part of its debut on Solana, Virtuals Protocol is launching the Meteora Pool on the blockchain ecosystem. The launch enables customers to find new trading opportunities.

In response to the development, Meteora, a decentralized finance (DeFi) project on Solana, expressed enthusiasm, stating, “We’re thrilled to be the liquidity layer supporting the expansion of the Virtuals Protocol ecosystem into Solana.” The liquidity staking platform added that the 16,000+ AI agents already launched on Virtuals Protocol would catalyze a substantial on-chain growth of AI agents.

Virtuals-Solana Integration Sees Seamless User Experience

Primarily, Virtuals Protocol envisions providing a seamless experience to users. The Virtuals-Solana integration aims to establish a Strategic SOL Reserve (SSR).

By allocating 1% of trading fees, the platform plans to build the SSR, which will be utilized to incentivize and reward agents and creators within the ecosystem. In addition, the platform will continue to offer the popular AGENT/VIRTUAL trading pair without any modifications. Reiterating its commitment, Virtuals introduced its Venture Partner Model, stating,

But we’re not stopping there. We’re doubling down on our commitment to empower builders and creators in the Base and Solana ecosystem with the launch of our Venture Partner Model.

Further, the platform extended regards to Solana’s third-largest DeFi Protocol, Jupiter, and interoperability protocol LayerZero for their support in the integration. Jupiter also shared its excitement for Virtual Protocol’s expansion, stating, “Thrilled to have Virtuals on Solana, powered by Meteora.” This follows Jupiter’s acquisition of a majority stake in crypto trading platform Moonshot.

Solana and Virtuals Protocol Plummet Amid Integration

Despite the development, both SOL and VIRTUAL saw notable dips over the last 24 hours. As of press time, SOL trades at $250.92 with a drop of 6.29% in a day. However, the token has surged by 3% and 33% over the last week and month, respectively. This price trend aligns with analysts’ forecast of Solana’s focus on $420 amid Grayscale’s SOL ETF discussions.

Meanwhile, VIRTUAL has shown grave declines over the past day, week, and month, marking dips of 4.6%, 13.28%, and 12.48%, respectively.

✓ Share:

Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Blockchain

Chainlink Partners BX Digital And BX Swiss To Deliver On-Chain Market Data

Published

3 weeks ago

on

January 23, 2025

By


In an astounding development, Chainlink joined hands with BX Digital and BX Swiss, two Swiss-based subsidiaries of Europe’s sixth-largest exchange group, Boerse Stuttgart.

According to a recent announcement, Chainlink’s data solution for Swiss-based tokenized equities has gone live on testnet. This sets the stage for mainnet launch, enabling BX Digital to use the Chainlink standard to publish and distribute on-chain securities pricing.

Chainlink Collaborates with BX Digital and BX Swiss

In a recent X post, Chainlink announced its collaboration with BX Digital and BX Swiss, envisioning to deliver on-chain market data for tokenized equities. The X post cited, “We are excited to announce that Chainlink has partnered with BX Digital and BX Swiss, both part of Boerse Stuttgart—one of the largest exchange groups in Europe.”

Notably, BX Digital, Swiss exchange BX Swiss’ sister company, is establishing a digital assets market in Switzerland. This development comes amid the prevailing discussions on adopting a strategic Bitcoin reserve in the country.

Leveraging Ethereum blockchain technology, BX Digital focuses on implementing a Delivery vs Payment (DvP) Settlement System. Partnering with Chainlink, BX Digital envisions ensuring the accurate on-chain reporting of the securities market data.

Underscoring the basic need for reliable and secure on-chain data for digital assets, Angie Walker, Chainlink’s Global Head of Banking and Capital Markets, stated,

Working with BX Digital to deliver this essential component addresses the growing demand for direct, onchain access to real-time data, which can enhance trading operations with greater efficiency and transparency. We look forward to bringing this new onchain pricing data standard to the Swiss market with BX Digital.

Unveiling a Collaboration that Unites Tradition and Innovation

The decentralized on-chain market pricing guarantees the data’s accuracy and integrity. Thus, the Swiss companies’ partnership with the decentralized blockchain oracle network helps boost the efficiency and safety of crypto trading.

In addition, Andreas Ruflin, Chief Digital Officer at BX Digital highlighted the industry participants’ reliability on Chainlink’s on-chain data. Ruflin stated that Chainlink’s pricing data enhances the speed and security of various processes, including asset tokenization, secondary market trading, and settlement.

Moreover, BX Swiss COO David Kunz posited that the collaboration paves the way for utilizing the vast opportunities of digital transformation. He added that it creates a “strong link between tradition and innovation.”

LINK Secures 12% Weekly Gain

Driven by the collaboration, Chainlink’s LINK token has secured a notable surge of 12% over the last seven days. Despite a marginal decline of 0.03% over the last 24 hours, LINK surged by more than 3% in a month. The 24-hour trading volume of the token has also seen a massive downfall of 32%, currently at $683.9 million.

However, Chainlink’s collaboration with the Swiss companies is expected to bolster the future of the financial market. The integration of Chainlink’s standard is anticipated to fortify Switzerland’s digital asset market, making it more accessible to a diverse range of users.

 

✓ Share:

Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io