Traders’ eyes on another wallet despite Ethereum surge
2024-12-12
Category: None

The upward trajectory followed by Ethereum is making headlines but now the focus has shifted to 1Fuel, a crypto wallet reviewing digital asset trading having smart features and presale success. 
As Ethereum carries on with its outstanding surge, charged by boosted adoption of Layer-2 solutions, the crypto industry is excited about new developments. In between this scene, investors are thriving for the introduction of a new crypto wallet named 1Fuel. Why traders are interested?
The platform of 1Fuel offers a decentralized peer-to-peer (P2P) exchange, permitting direct user trades without charging any traditional fees and giving access to diverse assets. If you wish to spend, 1Fuel provides secure crypto debit cards, permitting instant crypto-to-fiat conversions and facilitating everyday purchases. 
The platform also uses its unique utility token known as OFT which motivates users. Four percent of the total supply of the token is secured for staking rewards, permitting 1 Fuel to offer up to 30% APR to boost network security and reward long-term holders. Any liquidity provider or active traders can also draw profit from devoted token allocations. 
Many DeFi market users have so far kept an eye on this wallet because of its features and booming crypto presale. After the Presidential candidate, Donald Trump won the election in the United States, Ethereum and other cryptos are witnessing green charts as well as high market activity. The latest surge in Ethereum activity 
The latest surge in the activity of Ethereum is because of technical as well as situational factors. Taking the technical side, an analyst from CryptoQuant, Burak Kesmeci revealed that the active addresses on the Ethereum network went up by 36% which went up from 306,000 to 417,000 in only one month. 
In the duration of that one month, the event led to a price surge and it went from $3,193 to $3,911 at the press time. The increase in active addresses is only one reason why the price of Ethereum is boosting. On the other hand, situational factors also play a significant role in the growing adoption of Layer-2 networks in the crypto space. 
As Ethereum is leading the sector, the increasing interest from investors in adding it to their crypto wallet or portfolio is probably boosting its value. At the same duration, when Ethereum is facing a good boost in today’s market, many investors are looking for 1Fuel’s crypto presale and taking OFT tokens at just $0.01.  © Todayq News