Shiba Inu (SHIB) is known as a top 15 cryptocurrency, becoming a meme-based coin due to its low barrier to entry, vibrant online community, and high enthusiasm for the tokens on the theme of dogs. Its impressive rise has earned it a place among the leading cryptocurrencies, attracting significant whale investors.
NOW, 1Fuel (OFT) is emerging as a strong contender in the digital financial landscape, with innovative features such as crypto cards, one-click transactions, cold storage, and peer-to-peer transaction capabilities. 1Fuel plans to make it into the top 15 crypto coins, which could be possible if the team successfully implements these features, which has raised 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 tiny price of $0.00000000051, when the market cap was only $17.53,000.
Today, 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 fueled this increase. The meme appeal of the Shiba Inu dog has already been made popular by the Internet meme “Doge”, making the coin immediately appealing to a wide audience.
The Shib Army community has played an important role in promoting the token on social media platforms and creating a sense of belonging among investors. Shiba Inu also has a low entry price per token, allowing a wide range of people to purchase the coin. This led to higher volume and wider access.
Are utility tokens a better investment than meme coins?
Utility tokens are considered more stable and promising than meme coins, especially for smart investors interested in long-term growth and real-world applications. Among the top 15 cryptocurrencies based on market capitalization, the majority are utility tokens, with the exception of Dogecoin and Shiba Inu which are meme coins. This trend reveals that there is a preference for utility-focused projects, which provide tangible applications, rather than 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 features or intrinsic value, 1Fuel comes with advanced features such as P2P transactions, one-click transactions, encrypted debit and credit cards, cold storage, and a built-in mixer to anonymize transactions, which puts them ahead of wallets like the ledger.
The multiple utilities not only increase demand for 1Fuel, but distinguish it as more than just a token. 1Fuel is a complete ecosystem with real-world applications, making it a suitable alternative to meme coins and standard decentralized exchange (DEX) wallets. This gives 1Fuel an advantage over the success of other projects like Trust Wallet Token (TWT), which has a record market cap of $1 billion.
Another advantage of utility coins over meme-based assets is the ability to withstand market downturns. In bear markets, meme coins often experience a sharp decline in value due to a lack of utility. Meme coins also have built-in transaction taxes and high inflation rates, which create excessive selling pressure during bear markets and further drive down their value.
Dogecoin and Shiba Inu have managed to maintain their relevance due to their high market capitalization, but many other meme coins fail to survive, leaving investors suffering heavy losses. On the other hand, utility tokens like 1Fuel are more resilient to bear markets since their value is linked to their application.
Can 1Fuel reach the top 15?
1Fuel has the potential to reach the top 15 and even surpass Shiba Inu, provided the project team successfully delivers on its promises. One of the main factors for the success of any cryptocurrency project is real-world utility, as having a practical use case within the blockchain ecosystem can increase value.
1Fuel achieves this goal, offering much more utility than other DEX wallets. It comes with additional features such as transaction anonymization, crypto card integration, and AI-based features, making it a more robust solution.
Having a large and engaged community supporting the crypto project is also key 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 outperforming the Shiba Inu
1Fuel’s unique utility-focused approach has high expectations among investors, with many expecting it to overtake Shiba Inu and other coins in the top 15 rankings. In the long term, 1Fuel is expected to maintain its value and continually drive innovation, making it a smarter investment option for those wanting growth and stability in the crypto landscape.
Find out more about 1FUEL:
Presale: https://www.1fuel.io/
Telegram: https://t.me/Portal_1FuelX: https://x.com/1fuel__?s=21