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This content is sponsored by 1Fuel.
The Altcoin season is in full swing. Ripple consolidated after a recent correction, while Solana’s daily volume reached $13 billion. Furthermore, 1FUEL, a new altcoin, has stood out for its growth potential.
Let’s look at why you should consider adding them to your portfolio.
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XRP Consolidates: Targets $3.30 Resistance
XRP has fallen 18% since its annual peak on December 3. Despite this, traders remain optimistic about a solid price recovery. Many XRP enthusiasts are betting on a rally, although this strategy carries risks.
Bitcoin’s resurgence of dominance represents a real danger for traders holding leveraged long positions in XRP. A possible transfer of funds from XRP to Bitcoin could trigger liquidations.
Following an impressive 50% gain last week, Ripple (XRP) is trading below the $2.30 support. Even with the correction, XRP continues to consolidate at important levels. The price is in a sideways phase, which is typical after a significant rally.
Analysts are keeping an eye on key support zones. If XRP falls further, the next support lies between $1.15 and $1.79. In the short term, there are micro supports at $2.33 to $2.06 levels. However, if the downtrend reverses, the previous highs of $3.20 and $3.30 are possible targets.
Solana’s daily volume reaches $13 billion
Solana broke through the $215 and $220 resistance levels after breaking the $200 barrier. The bulls took the price above the 50-day simple moving average and the $240 level.
On the daily chart, SOL broke a short-term bullish flag with resistance at $235.
The current price action is bullish, signaling a new rally on the horizon. Similarly, for the first time since November 22, Solana (SOL) daily volume peaked at $13 billion. This volume reflects the total cryptocurrencies exchanged during a given period in monetary terms.
The next target is at the $250 level. If it makes a clear move above $265, SOL could rise towards $272, establishing itself as one of the most prominent cryptocurrencies in 2024.
1Fuel impresses: Experts predict returns of 500%
Investors are increasingly paying attention to 1FUEL, a new altcoin that offers substantial rewards and sets new standards for decentralization. 1FUEL’s unique approach to digital asset management combines security with a superior user experience.
1FUEL manages privacy, staking and expenses
This promising blockchain option has the potential to revolutionize how we use digital assets. Investors consider this secure Cryptocurrency wallet as one of the best options to buy now as it represents a compelling opportunity.
A highlight of 1FUEL is its staking option, which allows users to earn cryptocurrency staking incentives simply by keeping their tokens on the network. This means that you can earn passive income from your investment, in addition to trading and managing your cryptocurrency portfolio.
Additionally, 1FUEL offers both physical and virtual debit cards, making it easy for customers to spend their assets conveniently. Adopting cryptocurrencies for everyday activities, including online or in-store shopping, is now easier than ever.
With features like a privacy mixer and excellent cold storage for cryptocurrency tokens, 1FUEL is also a privacy-focused cryptocurrency. This allows investors to own their assets anonymously, crucial in a world where data breaches are common, positioning 1FUEL as one of the most notable crypto presales of 2024.
For more information about 1Fuel pre-sale, you can visit:
Disclaimer: This content comes to us courtesy of 1Fuel, who are solely responsible for the information provided here. Investments in cryptocurrencies carry risk, especially those in the pre-sale phase.
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