Though it reached a new all-time high some weeks ago, the Solana (SOL) initial gains have now dipped. Similarly, the Stellar (XLM) price has dropped into the red zone. However, both have exciting developments that could see them transform the crypto industry.
Meanwhile, another token that could change the crypto landscape for good is 1Fuel (OFT). Following its strong presale, which has raised over $1.7 million in just three stages, experts tip 1Fuel to become a top altcoin. Let’s find out why.
Solana ETF chances get a boost to 90%
According to the latest SOL news, there are higher chances that we could see the launch of the very first Solana exchange-traded fund (ETF) soon. Following the approval of Bitcoin and Ether ETFs in 2024, analysts are convinced SOL is next in line based on its status as one of the top cryptocurrencies by market cap.
Moreover, further collaborations within the SOL ecosystem have strengthened the conversations around its potential expansion and ETF approval. For instance, Coinbase, the largest crypto exchange in America, recently filed for approval to launch SOL Futures. Such an approval will boost the SOL liquidity and market demand.
However, SOL investors will be more keen to see the SOL price regain the positive momentum from the past few weeks when it reached a new all-time high price of over $280.
Stellar expands its developer ecosystem
There has also been exciting news within the Stellar ecosystem, which could potentially rub off on XLM. In the latest XLM news, the network announced its partnership aimed at expanding its developer ecosystem. The XLM partnership with OpenZeppelin will provide crypto developers with a range of tools to boost their performances and create high-end applications for their users.
This will be achieved by strengthening smart contracts on the XLM network and providing additional security to make XLM a top choice among developers. However, the news is yet to have a positive effect on the XLM price, which is down by about 8% in the past month.
1Fuel presale sets the pace for the future
While conversations about XLM and SOL are top of mind, 1Fuel has slowly crept in as a massive underdog with its presale. Having raised over $1.7 million between stages 1 and 3, 1Fuel is already showing signs of what the future holds. The new crypto has sold over 172 million units of its token within these three stages, showing its massive demand among investors.
The interest in 1Fuel is largely due to its focus on solving the main issues faced by DeFi traders, including limitations with asset transfers, high transaction fees, and poor security.
The 1Fuel Exchange will address issues related to cross-chain transfers using its advanced system that allows users to buy and sell crypto across multiple blockchains in one click. The issue of high transaction fees will be addressed by 1Fuel’s P2P Exchange, which allows users to trade crypto directly in an open market instead of using middlemen.
Moreover, 1Fuel provides strong security using a combination of a cold wallet for offline asset storage and an in-built mixer that makes every transaction anonymous and untraceable by unauthorized persons. These revolutionary features set 1Fuel apart from similar DeFi platforms, causing investors to back the project in large numbers.
Conclusion
While XLM and SOL have uncertainties around their future, 1Fuel already shows early signs of success with its massive presale. Ready to be at the forefront? Buy 1Fuel at its current price of $0.017 before the price rises.
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_
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.
