Big Crypto Gamblers Turn Away From Dogecoin & Shiba Inu Memes As Much Better Opportunities Present Themselves

One day a memecoin is about a frog, then another is tied to a celebrity, a dog or even farts. Memecoin price action can be a fun rollercoaster ride but also very risky. Let’s figure out why big crypto gamblers are leaving Dogecoin and Shiba Inu for budding projects like 1FUEL.

Dogecoin (DOGE): A striking pearl in memecoin wonderland

Dogecoin has been sliding from an early December peak of around $0.46 to $0.31 on 27th January. While this isn’t bad (it’s still nearly 3X in under 6 months), we should consider the typical Dogecoin investor profile. Many Dogecoin investors don’t like holding on to such a coin for too long.

With memecoins, many want to be in and out quickly, but timing a massive rally isn’t that easy. For Dogecoin investors, it gets even harder when Bitcoin has been pumping or is trading sideways. Many fear that another abrupt move upward in such a large-cap coin can quickly steal market cap from several altcoins.

Remember, memecoins are often hit the hardest. And while Dogecoin is present in the payments space, it lacks a unique selling point or pending development that would make demand quickly outstrip supply. This is why many speculators are being more cautious with Dogecoin right now.

Shiba Inu (SHIB): A survivor in memecoin battlegrounds

Shiba Inu’s troubles aren’t that different from Dogecoin’s. However, Shiba Inu technology has been spreading its wings into DEXs, NFTs, the metaverse and more. So, while its price action is similar to Dogecoin’s, it might have a little more luck narrative-wise shortly.

Shiba Inu’s Shibarium, Shiboshis and other dApps have helped sustain activity, but it’s nowhere near enough to justify large allocations in the near term. However, utility is never the only factor in memecoin markets. Shiba Inu technology could experience some out-of-nowhere buzz that ends in 5X or higher. We just have to wait and see.

1FUEL (OFT): A multichain liquidity unlocker

1FUEL is emerging as an alternative to the unreliable meme frenzies that could make you rich just as easily as they could bankrupt you. This crypto exchange and wallet will put AI front and center, allowing users to lean back and let bots make a profit on their behalf.

1FUEL users will also be able to trade across chains, tapping into previously constrained liquidity. Moreover, they can pick who they’d like to trade with directly, thanks to the P2P exchange feature. Lastly, with built-in mixing capabilities and military-grade cold storage, their assets will be more secure.

Why you should join the 1FUEL presale

The 1FUEL presale has attracted investors of all sizes from different blockchains thanks to its favorable price of $0.017 per token. More specifically, the 20% bonus on all purchases has people rushing to expand their investment in this project. Without airdrop eligibility, you’ll have no access to that 4% allocation, and you’ll have to tussle it out with others on tier-one exchanges for the 11% allocated to liquidity provision.

Conclusion: Is 1FUEL the answer to Dogecoin and Shiba Inu downside?

Dogecoin and Shiba Inu remain the top two memecoins with loyal followers. However, it’s hard to predict the next big memecoin or even the next narrative for an existing one. This is why dips in these markets may not always be buying opportunities.

Feel free to nibble some when they slide, but keep more funds allocated to 1FUEL, which has more relevant use cases. You can maximize your profit by joining the 1FUEL presale early for cheap tokens and huge bonuses.

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_

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