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Institutional investors and whales are moving funds from major projects into 1FUEL’s trading ecosystem; here’s what’s driving their decision.
Institutional investors may enter the market when there’s a dominant narrative, but they don’t always follow it. It’s always interesting to dissect the reasoning behind their moves, which often contradict retail investors. For instance, XRP and Dogecoin whales are pouring money into newer ecosystems, so let’s understand why.
XRP: A reliable cross-border payments facilitator
XRP has proven a formidable bridging currency for cross-border payments for years now. However, even as the project promotes its connection with the On-Demand Liquidity offering, many can see that this service isn’t comprehensive enough.
While the ODL is presented as a solution that leverages the XRP currency to reduce the cost of dual currency conversions, some alternatives can do better. For example, a simple swap on an exchange after a wallet transfer can complete the job. Luckily for XRP, this offering is more common on CEXs, which decentralization champions dislike.
Additionally, crypto-to-fiat conversions may not be available for some locations on particular CEXs, meaning the recipient has to liquidate using the peer-to-peer feature if available. This is another factor that often makes the XRP currency attractive. However, it’s still evident that XRP’s money transfer capabilities aren’t yet fully fleshed out.
Dogecoin: A budding decentralized payments solution
Dogecoin has ascended to the meme coin throne, held on to it, and transcended it by venturing into payments. Thanks to multiple partnerships, people can use Dogecoin to pay for products and services from titans like Gucci, Tesla, Microsoft, and Twitch.
The Dogecoin ecosystem is also dabbling in AI with DogeX, which will unlock cross-network operations, simplifying international transactions. However, unlike some other meme coins, the Dogecoin ecosystem is still behind in development. It could take a while before these advancements mature. This is why many Dogecoin investors are looking elsewhere for opportunities.
1FUEL: A pacesetter in intelligent trading automation
As shown above, many projects are trying to unlock liquidity and simplify transactions, with the help of AI occasionally. 1FUEL will take all this to the next level by offering a harmonized cross-chain trading experience via a user-friendly exchange and wallet.
While the 1FUEL wallet will provide military-grade cold storage for securing inactive coins, it will also plug into other chains’ dApps so users can use different currencies they hold. 1FUEL will also provide a P2P exchange feature where they can trade with a preferred party and get better currency conversion rates.
More importantly, 1FUEL will have AI-powered features that autonomously refine trading strategies to maximize profit. They’ll also be able to restructure users’ investment portfolios based on a specific ethos or category, like sustainability or RWA projects. Lastly, 1FUEL will offer a crypto debit card for spending crypto wherever typical bank cards are allowed.
The 1FUEL presale
1FUEL presale tokens have been sold at $0.017 per token for a while, with a 20% bonus on each purchase. This has resulted in over 70% of the tokens being sold in only a few weeks. The remaining coins could be users’ last chance at a cheap entry into the intelligent DEX trade that will benefit from the LLM model competition and advocacy for privacy trends.
Conclusion
While XRP and Dogecoin have a clear road ahead, AI has never been more talked about than it is now. Any product incorporating decentralization into AI to enhance security and privacy will shine. 1FUEL is already gearing up for this mission within the trading world.
To learn more about 1Fuel, visit the website, Telegram, and Twitter.
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