Heightened volatility in the cryptocurrency market is weighing heavy on Cardano (ADA) and Ripple (XRP) as both coins struggle to maintain stability amid increasing bearish pressure. This situation has left investors on edge, prompting them to seek better investment alternatives.
Amid this, 1Fuel (OFT), a nascent Web3 wallet, is gaining traction as its real-world utility expands across the Web3 and DeFi landscapes. Known for simplifying cross-chain transactions with a one-click solution, 1Fuel is becoming popular among investors and traders as the new crypto to buy.
Let’s discover how 1Fuel’s real-world utility can benefit traders and investors.
What to expect from Cardano as price breaks out of ascending channel
MelikaTrader94, a pseudonymous crypto trader, called attention to an ascending channel breakout on ADA’s chart in a recent post on TradingView. The trader noted that this breakout signals a shift in sentiment among traders and could lead to two outcomes.
Melika speculated that Cardano’s ADA could witness a bullish takeover, accompanied by a price surge driven by the momentum generated from the channel breakout. Alternatively, it could lead to a signi…
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