Kaspa & Chainlink News: Big Price Drops See More Investors Buy 1Fuel Over Bigger Cryptos

As the broader crypto market plunges after a general market correction, top altcoins like Kaspa (KAS) and Chainlink (LINK) are among the biggest losers. The KAS price is down by over 10% in the past week, while the LINK price has also dipped by over 9% after their initial increases. 

Meanwhile, the 1Fuel presale has resisted the market’s downward pull. The presale has presented KAS and LINK investors an alternative to hedge against further losses, boosting its raise to over $1.6 million. Let’s find out why investors are bullish on 1Fuel.

KAS crumbles as the crypto market dips

Despite its month-on-month (MOM) gains of over 8%, the KAS price has been on a decline lately. Following investors’ shift to opportunities with better potential returns in the crypto market, KAS has fallen into the red zone. 

The KAS price has fallen to around $0.10 after reaching as high as $0.16 recently. That’s about a 60% dip in price within the past month.

LINK succumbs to the bears after a recent surge

LINK has also seen better days compared to its recent price. With a cumulative price increase of about 11% in the past month, one may assume that the LINK price is in a good place. However, the recent fall in the LINK price gives a better perspective into the current market realities. 

For context, the LINK price has dipped by over 9% in the past week, indicating a reduced interest among investors and traders. While some LINK traders are opting for alternatives to protect what’s left of their gains, others are optimistic that the project’s recent partnerships will fuel its turnaround.

1Fuel positions itself as a better alternative

While established altcoins like LINK and KAS are struggling, 1Fuel (OFT) keeps giving investors one of the biggest presales of the year. The 1Fuel presale has crossed over $1.6 million, with more than 163 million tokens already sold in just three stages. 

Similarly, the 1Fuel price has increased from $0.012 to $0.017 between stages 2 and 3. This means investors who keyed in early already have their OFT tokens’ value increased by over 41% in no distant time. So, it’s no surprise that the stage 3 presale is filling fast, with nearly half of the stage’s token allocation already bought. 

Besides the guaranteed short-term gains, investors are opting for 1Fuel in their numbers because of its potential to do 100x or more in Q1, 2025. That’s because the 1Fuel project is solidifying its position as a top altcoin with its utility-focused features. 

These include its decentralized exchange (DEX) that supports cross-chain asset transfer without traders having to own multiple wallets. This makes it easy for them to send and receive assets on different blockchains. It also makes transactions cheaper and faster. 

Another exciting feature is the 1Fuel built-in mixer, which provides a higher level of security to users. The mixer makes all transactions anonymous to keep their details completely shielded from third parties. There’s also a military-level cold storage system to safeguard users’ assets and shield them from bad actors or online hacks.

Conclusion

As the market anticipates a new altcoin season, utility tokens like 1Fuel are positioned to lead the charge with their much-needed use cases. The OFT token is also set for big gains after another bull run. That’s why experts consider it undervalued at its current price of $0.017. 

To Find Out More About The 1Fuel Presale Use The Links Below:

Website: https://1fuel.io/

Telegram: https://t.me/Portal_1Fuel

Twitter / X – https://x.com/1Fuel_