Investors are gradually moving from memecoins like SHIB and PEPE to utility coins as the Memecoin cycle is gradually coming to an end, particularly for both assets mentioned. Investors are keen on other alternatives in the market where the sentiment lies, which are utility tokens, like 1Fuel.
1Fuel is on the rise as the main utility token of this season, with investors’ high interest leading it to raise $1.17 million in the first week of January alone. As it stands, analysts call these early buyers “smart investors,” as they’re expected to generate a 100x return from this purchase.
Investors flee from SHIB
The market sensation and high interest that led SHIB to generate over 260,000,000% since its launch has diminished, and investors are now wary, pointing out that the asset might fail to deliver as it did in the past.
Rightfully so, analysts have mentioned that the highest expectation from SHIB shouldn’t exceed a 5X run-up, with its current market capitalization of $12.73 billion, as seen in CoinMarketCap, seemingly high.
The bearish sentiment has begun kicking in with SHIB’s price decline of 9.81%, backed by a high volume of 65.44%, that’s $820.97M traded.
When there’s a price decline and volume surge, it suggests that the asset will continue dropping as the sell pressure intensifies.
PEPE caught in a downward spiral
Similar to SHIB, PEPE doesn’t seem to provide the appeal of a top cryptocurrency anymore, as it has been on a declining streak, recording market losses.
In the last 24 hours alone, CoinMarketCap reported that PEPE’s volume spiked by 47.65% to $1.82 billion, which was followed by an intense market decline of 11.51%, a clear sign of lack of interest in the asset’s performance.
A closer look at PEPE on the chart shows that the asset is now heading for a major support level at 0.00001725. Trading to this particular support level will mean more drops for the asset, and even worse if it breaches this level, as PEPE could record massive market loss.
While the season isn’t for memecoin leaders, PEPE and SHIB, investors have channeled their attention to 1Fuel, calling it one of the best cryptocurrencies to invest in for 2025, with claims to back it.
Investors claim 1Fuel is a market leader
Analysts say the best cryptocurrencies to invest in for 2025 are utility tokens, with 1Fuel ranked top among these asset types.
1Fuel will serve as the native token for its cryptocurrency wallets, which are in the works, and expected to onboard more crypto users with its innovative features and use cases that are yet to be fully captured in the market.
The wallet will feature a multichain functionality for easy transfer of assets across different blockchains without a hassle, the ability to utilize 1Fuel for paying gas fees for any transactions, and a privacy mixer to maintain anonymity, among others.
One standout feature is the use of 1Fuel for completing any type of gas transaction because this will naturally lead to a demand surge for the asset and cause its price to skyrocket once its wallet launches.
Conclusion
For a top cryptocurrency like 1Fuel, it’s only understandable why it has sold out its phase 2, generating $1.18 million within record time, while SHIB and PEPE struggle to attract investors.
1Fuel’s success has been because of utility and growth potential. As 1Fuel enters into stage 3 at $0.015/token, analysts’ expectations remain that 1Fuel will be the main attraction for investors’ funds.
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_
Source: https://finbold.com/shib-vs-pepe-why-traders-are-moving-toward-1fuel-for-long-term-gains/