Investors’ interests in certain cryptocurrencies are beginning to fade as the anticipated super bull run remains in effect. Declines in the prices of major altcoins have further revealed the skepticism of crypto bulls. Dogecoin and XRP, two major coins that were seeing significant price increases, have suddenly plummeted. 

However, as crypto whales withdraw their funds from Dogecoin and XRP, 1Fuel, a utility token yet to be launched on cryptocurrency exchanges, has been experiencing massive buy-ins with $964,00 raised in weeks. Analysts project 1Fuel’s current presale price of $0.012 as the lowest it will ever be moving on.

DOGE drops by 25% amid market optimism

Recent market trends reveal a significant decline in interest in DOGE’s ability to experience an upswing. At press time, DOGE is trading at $0.318 down over 25.4% in the past month per CoinMarketCap. 

This current bearish price movement appears necessary ahead of a market rally to the upside, as DOGE is trading within a bullish triangle pattern that could take the price to $0.35.

The Fear and Greed data on CoinMarketCap supports this bullish outlook, as it is in the neutral region of 49, meaning once DOGE falls to the support level, it will resume its upward movement. Also, this same trend has started gaining footage in XRP’s

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Author: Crypto Daily