Bloomberg’s recent report on Dogecoin seems to have dampened investors sentiment but opened new doors. This news triggered a confirmation bias for investors already looking to switch to projects with utility. The spotlight has shifted to 1Fuel’s (OFT) ongoing presale as a haven for meme investors looking to switch. Fantom also made the news with speculations around a February gain.
Dogecoin’s bad press coverage
Dogecoin has continued to make headlines over the past five years. Good or bad, this constant spotlight on the meme god has kept it relevant across time.
Mostly known as a highly volatile asset, Dogecoin has often been scrutinized for whale manipulations. Many analysts have pointed fingers at these large investors, yet this has not deterred the broader investor base—everyone loves the huge swings when they’re positive.
Due to its outdated blockchain network with no smart functionality, Dogecoin is frequently grouped with Bitcoin. This limitation prevents it from performing advanced functions, leaving it somewhat stuck in the past.
Despite its large community and market cap, this lack of utility continues to cast a shadow of doubt over the meme coin. Negative press is not always good for crypto projects, and in Dogecoin’s case, investors often seek more stable projects to reinvest their gains from DOGE’s volatility.
Interestingly, this bad press has coincided with the positive buzz surrounding 1Fuel (OFT), whose successful presale is still ongoing at stage 3. Will DOGE investors jump on this new opportunity?
1Fuel’s presale could skyrocket in February
1Fuel (OFT) has enjoyed a very successful presale through January. It crossed two presale stages, and is currently ending the month on its third stage. So far, $1,628,272.89 has been raised. Over 164,095,173 OFT tokens have been sold across thousands of unique holders.
The presale into January started with little hype and market attention. As the month comes to an end with increasing media attention, everything points to a more aggressive purchase of OFT tokens in February.
1Fuel (OFT) has a clear roadmap that shows a steady climb in price for investors that get in early. At $0.017, this current presale stage offers new investors the lowest amount they’d ever have access to OFT tokens for, before CEX and DEX listing.
1Fuel’s technology is hyped to disrupt the market in the area of cross-chain functionality. Its accompanying features will also make digital asset management seamless for investors and traders.
Fantom records increased marathon activity
Fantom recently rebranded to Sonic (S), which almost immediately sent its price downwards. However, recent data suggests a rise in market activity.
Fantom (FTM) is up 7% in the last 24 hours, trading at $0.52, according to Coingecko. Its daily trading volume is around $144 million, which is 5.8% higher than the previous day.
This signals a lot of activities in the last 24 hours and could be sustained into February. While many activities could impact price movement in February, Fantom will likely exit January on a positive note.
1Fuel’s ongoing presale is selling fast. Don’t miss out on this opportunity to secure an early spot in what could be a profitable ride.
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_
The post Bloomberg’s Damning News on Dogecoin Creates New Waves in 1Fuel (OFT) and Fantom for Feb Gains appeared first on Coinchapter.
