Solana Wallet Exchange Rival 1Fuel Receives Over $15m Ethereum Investment In Jan & Growing
The post Solana Wallet Exchange Rival 1Fuel Receives Over $15m Ethereum Investment In Jan & Growing appeared on BitcoinEthereumNews.com.
As Solana (SOL) prepares to break through a crucial resistance level towards a potential target, its competitor, 1Fuel (OFT), a new cryptocurrency project, secured over $15 million in investment from the Ethereum (ETH) network in January. 1Fuel, an all-in-one Web3 wallet, aims to simplify transactions on both Solana and Ethereum using one-click technology. Additional investment funds are also expected to follow. Read on to discover why Ethereum holders chose to invest in Solana’s competitor, 1Fuel. Solana Breaks Out Of Crucial Resistance Level: What To Expect? Solana may still have some juice left, soaring after breaking out of a key price ceiling. This breakout sets the tone that SOL may be primed for another leg-up towards $300. Crypto expert World of Charts highlighted this development in an X post on January 24, 2025. He noted that SOL was breaking out of a bullish pennant pattern, indicating strong underlying momentum. Trading around $256, SOL executed a clean break from previous resistance levels, which now turned support and may be on the verge of a 17% rally to $300. With Solana buyers still active, SOL is expected to reach the identified target. Meanwhile, Solana’s competitor, 1Fuel, is making a name for itself among Ethereum fans and attracting capital into its ecosystem. In the meantime, SOL is up 2% this week, trading at $257. Ethereum Players Invest $15 Million In 1Fuel’s Web3 Wallet Imagine having not to juggle multiple wallets at once or pay extra fees on cross-chain transactions. Well, 1Fuel’s Web3 wallet aims to bring this imagination to life, and Ethereum investors are front-rowing with massive investments. 1Fuel’s Web3 wallet is a game-changer in on-chain interoperability solutions. Its one-click functionality will enable users to execute transactions seamlessly across numerous blockchains. The platform also offers users secure asset custody with its military-grade cold storage.…
Filed under: News - @ January 27, 2025 1:09 am