While Pudgy Penguin struggles to hold the line and Shiba Inu faces uncertainty post-leadership changes, 1Fuel (OFT) is stealing the spotlight. With its revolutionary wallet, focus on security and privacy, and jaw-dropping presale gains, this project has captured the attention of risk-takers eager to ride the wave to potential 100X returns. The buzz is real, and early adopters are already reaping the rewards. Let’s take a closer look at these projects.
PENGU plunge: What’s behind the 36% drop?
As the market continues to hit lower lows, PENGU investors are left with no option but to decrease their exposure to the assets. According to CoinMarketCap, PENGU investors have lost 36% in the last month as the market narrative has shifted against them.
PENGU has fallen after failing to breach the resistance level of 0.025364, and if sideline whales start selling, this decline might get worse. The PENGU netflow on Coinglass indicates that $801,340 worth of the asset has been sold, adding to the rejection at the prior resistance, indicating that certain cohorts of market whales have already started selling.
PENGU investors are now turning their heads towards 1Fuel’s (OFT) ongoing presale which has managed to grab their attention through its phenomenal growth rate, as clear by its total funding which currently stands at over $1.5 million.
Leadership crisis: Kusama’s exit and its impact on SHIB
The sudden resignation of Shiba Inu’s leading figurehead, Shytoshi Kusama, shocked the cryptocurrency community. Shiba Inu changed from a meme coin to a robust ecosystem under Kusama’s leadership, but his exit has left the market unsure.
Investors’ worries about the project’s trajectory as it shifts to a new leadership model were reflected in the 6% decline in SHIB’s pricing on the last day. His departure underlines the problems of maintaining innovation and community trust in the fast-paced sphere of Web3 and decentralized finance (DeFi).
According to analysts, Shiba Inu has established a solid foundation, but how well the community can carry out its plan without Kusama leading the charge will determine how successful it is in the long run. Meanwhile, SHIB investors are exploring 1Fuel (OFT), an upcoming project that is offering massive returns alongside revolutionary technology.
Why 1Fuel’s presale is a must-join opportunity
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Author: Crypto Daily
