SHIB and DOGE Lose Steam – Why Whales Are Focusing on Emerging Altcoins Like BONK and 1Fuel

Shiba Inu (SHIB) and Dogecoin (DOGE) are well-known as some of the most popular memecoins.

But it seems like they are losing momentum in the current crypto space. As these tokens lose steam, crypto whales are turning their attention to emerging low-cap altcoins like BONK and 1Fuel.

---

This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.

---

Among these, 1Fuel stands out with its impressive OFT token, which has already gained significant traction during its presale. The presale’s rapid progress is a testament to the growing investor confidence in 1Fuel’s potential for long-term growth, showing why whales are leaning toward this new altcoin. 

SHIB and DOGE Experience Momentum Decline 

Shiba Inu (SHIB) and Dogecoin (DOGE), once dominating the meme coin space, are beginning to lose momentum as their prices experience a notable decline from earlier highs. Both tokens have struggled to sustain their value in 2024, facing criticism for their lack of intrinsic utility and dependence on hype-driven speculation. The rise of the best new cryptocurrencies, alongside low-cap competitors, has intensified the competition, making it hard for SHIB and DOGE to recover.

SHIB is currently valued at $0.00002793 and has a market cap of $16.45 billion. Its all-time high for 2024 occurred in early March at $0.00003556. The price has fluctuated significantly throughout the year, peaking at $0.00003293 in early December before dipping slightly to its current level. Investors who previously stored SHIB in platforms like MetaMask or Trust Wallet are now exploring alternatives with higher growth potential.

As for DOGE, it is currently trading at $0.4034 and has a market cap of $59.34 billion. Despite being one of the largest cryptocurrencies by market cap, its value remained relatively low throughout most of the year. It finally reached its all-time high for 2024 in December, at $0.4672.

Throughout 2024, DOGE was hovering around low prices of $0.1000 and $0.2000. DOGE finally saw a recent surge in November, but the fact that the market cap fell to $390 million earlier this year shows how much it’s losing steam.

Best New Cryptocurrencies Gain Traction 

Low-cap altcoins are steadily gaining traction as crypto whales explore alternatives to established tokens. Among these emerging options, BONK and 1Fuel are capturing significant attention. BONK has solidified its position as one of the best new cryptocurrencies in the meme coin space. 

Currently, BONK is valued at $0.00003843 (at the time of writing), with a market cap of $2.9 billion. It has shown steady performance throughout 2024, with its value oscillating between $0.00002000 and $0.0003000 before reaching an all-time high of $0.00005356 in late November.

Meanwhile, 1Fuel (OFT) is rapidly emerging as a standout among altcoins to invest in today, thanks to its innovative utility features. This low-cap token is backed by a DEX wallet with in-built cross-chain capabilities, a feature you can’t see in other wallets like MetaMask and Trust Wallet. 

With its second presale stage priced at just $0.012, OFT has already demonstrated investor confidence. The stage one presale achieved 100% completion within days, raising significant funds and selling over 50 million tokens. Its value as a utility token positions it as a leader in the DeFi space. 

1Fuel Restores Crypto Investor Confidence 

Even as large-cap meme coins are losing steam, investors are gaining more confidence in the crypto market with 1Fuel. As one of the leading altcoins to invest in today, 1Fuel displays innovation and strong community support, even before it is publicly listed. 

The low-cap token offers one-click transactions and a P2P marketplace. What’s more, this can be done across different blockchains. This is unlike other platforms like MetaMask and Trust Wallet which lack cross-chain transaction features and require investors to manage multiple wallets and tokens. 

For security, the 1Fuel DEX wallet comes with an inbuilt privacy mixer to enhance anonymity and cold storage for further safety. It’s one of the few wallets with inbuilt privacy features, giving it an edge over MetaMask and Trust Wallet. 

1Fuel’s diverse utility is what drives the value of the OFT token, making it one of the attractive investment options to watch in today’s market. 

1Fuel Launches Stage 2 Presale 

Stage 1 of 1Fuel’s presale has displayed impressive investor confidence, gaining 100% completion over a few days. The presale progress saw about 10% completion each day, and 1Fuel has now moved to the second stage. Crypto whales are expecting impressive growth once the 1Fuel presale is completed and anticipating the launch in Q2 2025. Analysts have also predicted a 1000% growth upon the launch, keeping investors on their toes. 

Learn more about 1FUEL. Click on the links below:

Presale: https://www.1fuel.io/

Telegram: https://t.me/Portal_1Fuel

X: https://x.com/1fuel_?s=21

---

This post is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.