Shiba Inu (SHIB) is known as one of the top 15 cryptocurrencies, rising to prominence as a meme-based coin due to its low entry barrier, vibrant online community, and broad enthusiasm for dog-themed tokens. Its impressive rise earned it a spot among the top cryptocurrencies, attracting major whale investors.
Now, 1Fuel (OFT) is emerging as a serious contender in the digital financial landscape, with innovative features like crypto cards, one-click transactions, cold storage, and peer-to-peer transaction capabilities. 1Fuel is eyeing a spot in the top 15 crypto coins, which might be possible if the team successfully implements these features, which has sparked concerns among SHIB investors.
How Shiba Inu got into the top 15
Shiba Inu is now ranked among the top 15 cryptocurrencies and has had an impressive journey from being a little-known meme-based cryptocurrency. The digital coin was initially launched in August 2020 with a minuscule price of $0.00000000051, while the market cap was merely $17.53K.
Now, Shiba Inu has a market capitalization of $17,431,660,232.43 and a price of $0.0000296, reflecting its exponential growth over the past four years. Several factors have fueled this rise. The meme-based appeal of the Shiba Inu dog was already made popular by the ‘Doge’ internet meme, making the coin instantly appealing to a broad audience.
The Shib Army community played an important role in promoting the token on social media platforms and building a sense of belonging among investors. Shiba Inu also has a low entry price per token, allowing a wide range of people to buy the coin. This has led to higher volume and broader access.
Are utility tokens a better investment than meme coins?
Utility tokens are considered to be more stable and promising compared to meme coins, especially for smart investors interested in long-term growth and real-world application. Among the top 15 cryptocurrencies based on market capitalization, the majority are utility tokens aside from Dogecoin and Shiba Inu which are meme coins. This trend reveals that there’s a preference for utility-driven projects, which provide tangible applications, over meme coins, which rely on social media buzz and hype.
A rising utility token is 1Fuel (OFT), which stands out for its diverse applications. Unlike meme coins, which lack functionality or intrinsic value, 1Fuel comes with advanced features like P2P transactions, one-click transactions, crypto debit and credit cards, cold storage, and an inbuilt mixer to anonymize transactions which puts them ahead of wallets like ledger.
The multiple utilities don’t only increase the demand for 1Fuel but set it apart as more than a simple token. 1Fuel is a comprehensive ecosystem with real-world applications, making it a suitable alternative to meme coins and standard decentralized exchange (DEX) wallets. This gives 1Fuel an edge over the success of other projects like Trust Wallet Token (TWT), which has an all-time high market cap of $1 billion.
Another benefit of utility coins over meme-based assets is the ability to weather market downturns. In bear markets, meme coins often experience a sharp decrease in their value due to a lack of utility. Meme coins also have inbuilt transaction taxes and high inflation rates, which create excessive sell pressure during bear markets and further drive down their value.
Dogecoin and Shiba Inu have managed to maintain relevance due to their high market cap, but many other meme coins fail to survive, leaving investors with heavy losses. By contrast, utility tokens like 1Fuel endure bear markets better since their value is related to their application.
Can 1Fuel get to the top 15?
1Fuel has the potential to get to the top 15 and even surpass Shiba Inu, as long as the project team successfully builds on its promises. One of the main factors driving success in any cryptocurrency project is real-world utility, as having a practical use case within the blockchain ecosystem can increase the value.
1Fuel meets this goal, offering significantly more utility than other DEX wallets. It comes with additional features like transaction anonymization, crypto card integration, and AI-powered functionality, making it a more robust solution.
Having a large and engaged community that supports the crypto project is also essential to driving its growth, putting it ahead of competitors like Metamask. 1Fuel has been building its user base, with the live presale already selling over 18,600,000 tokens.
Conclusion: 1Fuel surpassing Shiba Inu
The unique utility-driven approach of 1Fuel is raising a lot of expectations among investors, with many expecting it to surpass Shiba Inu and other coins in the top 15 rankings. In the long term, 1Fuel is expected to sustain its value and continually drive innovation, making it a smarter investment option for those who want growth and stability in the crypto landscape.
Discover More About 1FUEL:
Presale: https://www.1fuel.io/
Telegram: https://t.me/Portal_1FuelX: https://x.com/1fuel_?s=21
