Bitcoin has finally surpassed its $100,000 target after an action-packed month. The question now is, how much higher can the world’s largest digital asset go? The good news for Bitcoin is also great news for emerging projects like 1FUEL. The breakout cross-chain crypto transactions pioneer is set to smash investment records of its own with a red-hot presale and a gold rush of investor interest.
A surge sees Bitcoin finally break through the $100,000 barrier
Thursday 05 December 2024 will go down in the record books – Bitcoin didn’t just reach its fabled $100,000 threshold. It blasted right through it, rising as high as $103,992 per Coinbase, before receding to $101,836 at the time of writing.
Often volatile, the record price high seemed unlikely just 48 hours or so earlier. On 03 December it plummeted to a weekly low, descending to $93,583 from a high of $97,116 just one day before.
Thank you, Mr. President.
Bitcoin’s ascension to a new all-time high comes on the back of a stellar month for crypto. And for that, Bitcoin undoubtedly has Donald Trump to thank. The President-elect very publicly courted crypto bosses at a campaign rally earlier in the year, promising to create favorable legislation and make the USA the ‘crypto capital’ if elected.
Prices took off across a range of digital assets in the aftermath of his win, but momentum looked to be fading after the initial investor excitement had died down. Bitcoin slumped but investors were energised once again after Trump announced he would nominate Paul Atkins for the role of Securities and Exchange Commissioner (SEC).
Atkins will replace Gary Gensler, a known crypto skeptic who has been a thorn in the side of many cryptocurrencies. Gensler had previously declared that the crypto space was, “rife with fraud and hucksters and grifters”. With him out of the picture and a known crypto fan in his place, the future looks bright for digital assets like Bitcoin – and emerging new challengers like 1FUEL.
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A decisive moment for new records to be set in cryptocurrency
President Trump has made no bones about his role in Bitcoin’s path beyond $100,000. He posted “Congratulations Bitcoiners” and “You’re welcome!” on social media right after. This suggests that the incoming President still has every intention of making cryptocurrency a central focus in his second term.
Bitcoin isn’t the only one winning big. 1FUEL, which stands out with its groundbreaking cross-chain crypto transactions solution is also riding the wave with record investment and staggering analyst projections.
1FUEL has made safe crypto transactions and accessibility its defining characteristics with a unique digital wallet powering one-click, cross-chain transactions with none of the usual complexities associated with fragmented blockchain networks.
1FUEL’s digital wallet sets a new standard for widespread adoption. It does this by making cross-chain crypto transactions easier to manage. All users have to do is choose their preferred coin from their 1FUEL wallet. Cross-chain transactions are then completed by 1FUEL. It automates and simplifies the usual complex steps involved in juggling multiple tokens, maintaining multiple wallets, and dealing with network fees.
Those characteristics don’t come at the cost of safety or security. An advanced privacy mixer, temporary wallets, and cold storage options provide complete peace of mind and make safe crypto transactions more accessible, to a much wider user base than ever before.
Analysts project more than 500% returns for early investors
With institutional investors flocking to 1FUEL, analysts predict staggering returns of more than 500% at presale. On public launch, that figure tracks to 100x returns as more users get a taste of 1FUEL’s next-level security features, privacy-focused usability, and wider utility. Plus, there are staking rewards of up to 30% APR.
It’s clear that 1FUEL is raising the bar and, as the bull run heats up, there’s no better time to ensure you’re a part of the future of cryptocurrency. Don’t miss your chance. Secure your place in the 1FUEL presale now.
Learn more about 1FUEL. Click on the links below:
Presale: https://www.1fuel.io/
Telegram: https://t.me/Portal_1Fuel
X: https://x.com/1fuel_?s=21
Source: https://www.thecoinrepublic.com/2024/12/08/bitcoins-100k-path-brings-institutional-investors-to-emerging-projects-like-1fuel/