The post Why Are Solana & Tron Technicians Worried About New 1Fuel Technology appeared on BitcoinEthereumNews.com.

1Fuel (OFT), a revolutionary token on presale, has been trending for weeks. The project is beginning to draw attention from established crypto projects such as Solana and TRON, as developers worry that 1Fuel will overtake them regarding market volume and hype. The primary concern of SOL and TRON technicians is that several analysts who have studied 1Fuel predict a 100x price increase at launch. This could potentially see them lose huge investors, as they are likely to invest in a cryptocurrency that has a massive growth potential. Is 100x very possible? Definitely! If not, technicians of established projects wouldn’t be panicking. The presale shows signs of what is to come, and analysts view it as a potential opportunity to make significant gains. Learn more about 1Fuel (OFT) below. Solana Retraces from ATH after Meme Coins Hype Meets Reality The Solana blockchain was one of the busiest this month, as several meme coins were launched. President Trump’s meme coin was most notable, as it took the market by storm. This caused a chain reaction, sending SOL’s price to an all-time high of $293.31.  It’s been over ten days since the buzz, and Solana is experiencing a price correction. At the moment, SOL is 20.67% shy of its ATH. Analysts expect the downward trend to continue, mainly because the overall financial market is in a red zone. An overview of the meme coins launched on the Solana chain, and you discover that none provided 100x. Why? They were based on hype rather than use cases. 1Fuel has the potential for 100x as it offers functionality and utility.  Technicians’ concerns aren’t about operation, as analysts are confident that SOL will remain a leading project despite the competition. However, 1Fuel offers greater long-term rewards.  Tron’s Struggles Despite High-Profile Investment Tron was another blockchain that…

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Filed under: News - @ January 30, 2025 1:24 pm