The last 12 months have been kind to Cardano (ADA) – it has made gains of 42.39% in 2024. That said, Cardano prices have also fallen victim to the December malaise that’s also hit SHIBU and a host of other coins, and it has seen a downturn in the last four weeks.
With a viral cryptocurrency presale projecting returns in excess of 500%, is 1FUEL set to take the fight to Cardano in the New Year? Read on to find out how it compares as a DeFi innovator.
Could the December downturn precede a New Year revival for Cardano?
Cardano isn’t unique in experiencing a December downturn – but it has sustained clear losses over the last four weeks. It is down 20.54% on the month, falling from its month’s best price of $1.33 on 03 December to $0.86 on 30th December.
Despite this bearish trend, analysts expect Cardano to rebound in the new year, with some suggesting a new all-time price high could be on the cards. A technical analysis shows that support at $0.567 could ignite bullish momentum, and see Cardano reverse its current course to hit a new high of $3.09.
Of course, it’s impossible to write off Cardano completely and some experts suggest that a 20% bounce could take prices back into the region of $1.20 as early as January. Backing this theory is a 50% jump in market volume and a surge of Whale activity over the last 48 hours. Analysts say that 20 million ADA tokens were purchased between 28 – 30 December, which is a strong signal that a major shift upwards is in the works.
Also preparing to rocket into the new year is 1FUEL, the cryptocurrency presale that has quickly gone viral thanks to a game-changing new approach to cross-chain crypto transactions.
This is how 1FUEL is making its mark as a DeFi Innovator
1FUEL is levelling up DeFi accessibility for an entire new generation of cryptocurrency users. Its utility and ease of use is unrivalled, putting it firmly at the head of the race to empower communities which have been thus far locked out of the blockchain.
1FUEL’s approach has been to simplify cross-chain crypto transactions with the development of groundbreaking one-click technology. Users need to choose their coin and in one click can effortlessly trade and manage their assets across multiple networks.
With the burden of dealing with multiple wallets, multiple exchanges and multiple fees made obsolete, 1FUEL’s user-friendly interface and ease of use reduces the likelihood of costly user errors. It also ensures that users only need to hold 1FUEL to trade across multiple networks.
By confidently resolving the complexities inherent in other wallets – including Cardano – 1FUEL has single handedly made the blockchain accessible and DeFi feasible for millions of new users. Unsurprisingly, its cryptocurrency presale has raced to early success, with experts projecting early returns to exceed 500%.
The future of cryptocurrency is taking place right now
If you’re keen to be a part of the future of DeFi innovation, the time is now. 1FUEL’s presale is currently in stage two, with over $945,125 raised so far and more than 99,963,990 tokens sold. Early staking rewards of up to 30% APR are coupled with expected presale returns of 500% and public launch returns of 100x. Don’t miss out. Join the 1FUEL presale now.
To Learn More about 1Fuel, visit:
Presale: https://www.1fuel.io/
Telegram: https://t.me/Portal_1Fuel
