Solana and Shiba Inu Holders Panic as Market Plummets but 1Fuel’s New Transaction Tech Could Deliver 50X Gains

The recent market-wide sell-off battered large caps, meme coins, and everything in between. Solana SOL $139.1 24h volatility: 3.3% Market cap: $71.76 B Vol. 24h: $2.72 B and Shiba Inu SHIB $0.000012 24h volatility: 1.3% Market cap: $7.18 B Vol. 24h: $109.08 M holders were some of those panicking the most as markets plummeted, but 1FUEL‘s new transaction tech drew in more investors looking for 50X gains, and here’s why.

Solana (SOL): A Worthy Competitor in Decentralized Settlements

A part of Solana’s decline was because even with increased memecoin and NFT activity on the platform, transaction volume hasn’t risen enough. Remember, the Solana team didn’t only promise speed but also lower transaction fees.

Many investors are attracted to a smart contracts platform’s native token buy-in because it’s used for gas/transaction fees. Therefore, with Solana aiming to be cheaper, it would have to induce way more transaction activity to catch up to the total daily gas collections on the top smart contracts platform (Ethereum).

Moreover, staking rewards are also a percentage of the fees collected. So, if they fall below the available profit in open market trading or can’t offset the accruing losses during crashes, staking is less attractive. With Solana failing to top other chains in crucial areas like DEX volume during the sell-off, even Solana tokens locked away had to be sold.

Consequently, many investors want platforms whose native tokens generate enough transaction fee revenue to compete with their open market price action.

Shiba Inu (SHIB): A Meme Coin in Transition

This February sell-off caught Shiba Inu not too unprepared since the project was already venturing into other innovations, one of which is ShibaSwap. While ShibaSwap isn’t anywhere near the top DEXs in volume, it’s a treasure when meme coins get hit.

This is partly why Shiba Inu didn’t suffer as much as other meme coins that lack utility. However, Shiba Inu still faced some challenges due to its tokenomics. The ShibaSwap accepts gas in the form of BONE tokens. Additionally, the Shiba Inu ecosystem has other tokens like TREAT and LEASH. These make it hard for Shiba Inu inflows from transaction fees.

1FUEL (OFT): A Streamlined DEX Ecosystem

1FUEL has taken notes from existing trading platforms and will choose a smarter route. This includes providing cross-chain trading to capitalize on fee payments from various blockchains. Moreover, the differences in the value of these currencies could make staking even more attractive on 1FUEL.

Liquidity from high-performing tokens can be channeled into 1FUEL tokens that are staked to get a portion of the 4% of the total supply allocated to trading rewards. All this will be possible in one neat dashboard provided by 1FUEL’s multicurrency wallet that has military-grade cold storage.

Furthermore, 1FUEL’s AI-powered features will gain a holistic picture of the investment opportunities and allocate the right amounts to trades while considering staking action. As the earnings rush in, users will be able to spend them through a crypto debit card wherever typical bank cards are allowed.

Why You Should Join the 1FUEL Presale

1FUEL’s presale is in its third stage with only 28.1% of the tokens left. Since they cost $0.017 per token, you should maximize this window of opportunity before it closes. Remember, once the presale is done, the 20% bonus on purchases is no more.

Conclusion: Will 1FUEL Eclipse Solana and Shiba Inu’s Recovery?

Solana and Shiba Inu have considerable utility but they still need to tighten their tokenomics. The Solana team needs to increase volume to make up for low gas charges while the Shiba Inu ecosystem needs to streamline the role of each token in earnings. During this time, 1FUEL might overtake them, so head to the presale and get what’s left of the discounted tokens.

To find out more about the 1Fuel presale, you can visit its official website, Telegram channel, and Twitter/X account.

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