The crypto industry has experienced a resurgence, driven by positive sentiments about regulatory developments in the US. Dogecoin (DOGE) has hovered around the year-to-date high of $0.4795. Analysts predict a bullish parabola soon. Polygon (MATIC) has struggled to gain traction, giving competitors like 1FUEL an advantage.
The anticipated 500% or higher returns in the 1FUEL presale have generated a lot of excitement, and Dogecoin (DOGE) and Polygon (MATIC) whales are finding it difficult to resist this privacy-focused cryptocurrency. Continue reading to learn more about why 1FUEL (OFT) is considered to be one of the top crypto presales of 2024.
Dogecoin consolidates; Experts predict an epic breakout soon
Dogecoin price has maintained consolidation around its year-to-date high of $0.4795. Dogecoin (DOGE) traded at the milestone price of $0.4500 on December 5. Its market capitalization has increased by 450% from its lowest point earlier this year, reaching more than $65 billion.
Analysts believe the recent consolidation is in preparation for a major rally, which could see the token rise to $1. They predict the coin will likely see a strong breakout in a few days. The recent Bitcoin (BTC) surge, propelling it past the key resistance level of $100,000, is an important indicator for altcoins. For DOGE price, it is expected to be a growth stimulus.
Moving beyond that level is important, as institutional investors would begin to notice the confidence levels and buy. On the weekly chart, DOGE has overcome the resistance level at $0.2265, which has held since March 25. It has surpassed the 50-week and 200-week moving averages.
Polygon dips to $0.719; Can it reclaim $1.00?
The November bull run produced several clear winners. Now, in December, several digital assets are still doing very well. Analysts, however, have been a little disappointed by Polygon’s (MATIC) performance thus far. It gained over 40% overall two weeks after the U.S. election, reaching $0.50. Despite the booming bull market, its price volatility kept it from a steady and sustained upward momentum.
The 30-day rolling summary just before the US election results paints a brighter picture.
Polygon’s (MATIC) value rose from a low of $0.29 to a high of $0.75 throughout that time. As of December 4, it has dropped back to $0.719.
In 2021, the price of Polygon (MATIC) peaked at $2.92. Theoretically, in a red-hot bull market, reaching $1.00 shouldn’t be that difficult. According to some experts, a reasonable goal for December would be an increase of just 10% to 15%. Even with such performance, Polygon’s (MATIC) attempt to regain the $1 ground would be unsuccessful. In addition to whales, polygon faces fierce competition from a cryptocurrency presale. That’s because 1FUEL sets itself apart as one of the top crypto presales of 2024, being a privacy-focused cryptocurrency revolutionizing the conversation around digital wallets, accessibility, and privacy.
Why are Dogecoin and Polygon whales focusing on 1FUEL?
1FUEL, a new altcoin, is the most popular cryptocurrency with a privacy emphasis. Dogecoin (DOGE) and Polygon (MATIC) whales pay close attention to its presale because of its long list of ground-breaking innovations. The one-click, one-transaction aspect of the 1FUEL presale ecosystem makes it unique. This digital wallet aims to get around typical usability and accessibility issues.
There is no complication, no calculation of different fees, and no juggling of many transactions. It’s as easy as trading on other platforms or sending on Ethereum. This is so that 1FUEL can manage the transaction in the background once the user selects their favorite currency.
Cold storage, temporary wallets, and an integrated privacy mixer provide users with improved privacy and security measures. The lackluster performance of other alternatives allows whales to focus their attention elsewhere. With its cryptocurrency presale already receiving great support, 1FUEL is benefiting from that.
Conclusion
Don’t let Dogecoin (DOGE) and Polygon (MATIC) whales buy out the 1FUEL presale before you make a move. Register now and join in the future of DeFi. With anticipated 500% returns, a 100x growth upon public launch, and staking rewards of up to 30% APR, this new altcoin, 1FUEL offers lots of benefits.
Discover More About 1FUEL:
Presale: https://www.1fuel.io/
Telegram: https://t.me/Portal_1Fuel
X: https://x.com/1fuel_?s=21
