Why IMX’s NFT appeal may falter as 1Fuel captures broader market attention

As investor focus shifts from NFTs to utility-backed assets, 1Fuel emerges as a promising token with the potential for a 5,000% rally.

The market narrative has shifted significantly between 2022 and now. During this period, there has been a major decline in attention toward non-fungible tokens (NFTs), with NFT-focused projects like IMX losing appeal. Investor attention has since shifted toward utility-backed assets with more practical use cases and market benefits, particularly 1Fuel.

Currently, investors have the opportunity to bet on 1Fuel at a low market price of $0.017 and a 20% bonus which is on the line for early purchases of 1Fuel tokens. Analysts say this is just the beginning, and 1Fuel is expected to gain more traction over higher-profile tokens with the potential for a 5,000% rally upon eventual launch.

IMX’s scalability solution isn’t sufficient 

IMX is losing its market appeal as its solution does not align with current market demands. Initially, interest in IMX was high as it emerged as a scaling solution for Ethereum-based NFTs. It offered faster transactions of up to 9,000 TPS, better user experience, market liquidity, and zero gas fees.

Analysts say this is no longer enough to attract investors seeking top cryptocurrency opportunities, citing the waning IMX buzz due to Ethereum’s poor market performance, the shifting market narrative, and increased competition stifling its growth. Investor interest has now pivoted toward promising new technologies that share similarities with IMX but are believed to offer better performance. One key point of interest is price performance.

According to CoinMarketCap in 2021, IMX had an initial coin offering (ICO) at $0.16, after which its price surged to an all-time high of $9.50, representing a 5,900% price jump. Analysts project 1Fuel could replicate this pattern. Currently priced at $0.017 isn’t the ongoing 1Fuel presale, they forecast a 5,000% rise, which would take its price above $0.85, an unprecedented market rally.

Why 1Fuel’s tech stands out

The 1Fuel cryptocurrency wallet offers superior technology that perfectly fits the current market narrative, positioning it for significant price gains. With 1Fuel, investors can access wallet features that cater to their immediate needs. For those requiring cross-chain transactions involving similar tokens, the process is streamlined with a one-click solution, reducing fees, and transaction time to enhance user experience.

Investors looking to go off-ramp or on-ramp can leverage its P2P exchange, which supports thousands of cryptocurrencies and over 100 fiat currencies simultaneously, making the process smooth and restriction-free.

Those who value security will benefit greatly from using 1Fuel’s cryptocurrency wallet, which offers a suite of features to ensure this. First, users can take advantage of a privacy mixer that prevents wallet spying and tracking. Secondly, multiple security layers, including a cold storage function, enable offline wallet modes.

Smart money investors are buying into 1Fuel early, recognizing the careful selection of features and their uniqueness. This will attract broader attention from the cryptocurrency market, leading to increased buying activity for 1Fuel and stronger community alignment. Analysts predict its technology will push 1Fuel’s price higher than its current $0.017, yielding returns that will leave investors wishing they had bought more at this discounted price.

Conclusion: The path remains bullish for 1Fuel

The outlook for both assets remains bullish. As a top cryptocurrency, IMX is expected to rise, but analysts project that the more promising investment is 1Fuel. Analysts refer to this as the “market maker game plan,” urging savvy investors to seize the opportunity without hesitation.

To find out more about 1Fuel, visit the website, Telegram, and Twitter.