Bitcoin Hits $95K Milestone as 1Fuel and Solana Lead Altcoin Market Breakout

When Trump was announced the winner of the US elections, the November bull run kicked off. Since then, Bitcoin (BTC) has smashed record after record before hovering around $95,000. Solana (SOL) is also eyeing a major breakout. However, a new altcoin, 1FUEL, has recently entered the market with the potential to determine the future of digital asset management.

Smart investors are talking about 1FUEL’s potential to soar in value. Here’s why smart investors believe it’s the best crypto to buy in 2024:

Trump picks pro-crypto SEC chairman; Bitcoin smashes yet another record

Donald Trump announced a pro-crypto nominee, Paul Atkins as SEC chairman. The crypto market has responded in a frenzy. 

Bitcoin (BTC) has been rallying close to $95,000 in the region for a while now. Finally, it broke the deadlock and soared beyond the $100,000 mark. In the early hours of Thursday, the primary crypto asset hit a new mark of $103,679. That is not the only milestone Bitcoin (BTC) crossed. In addition, the crypto asset market capitalization also rallied to $2.03 trillion. It has grown by over 140% in 2024. Since the US election, it has rallied 48%.

This fulfills Trump’s most important campaign promise. Gary Gensler has been accused of being heavy-handed towards crypto. He was notorious for his approach, scrutinizing major exchanges. He also classified many cryptocurrencies as securities. This somewhat crippled the growth of the crypto industry. However, since Trump’s election, the BTC market has breathed a sigh of relief.

Solana breakout targets $265 mark

Solana (SOL) is poised for an impending rally as it has formed a bullish pattern. Previously, SOL broke through a bearish head and shoulders formation, trapping bears as the price reversed after the breakout. 

Today, SOL has broken out of a two-week falling trendline and is on its way to an all-time high. With a bullish breakthrough and a four-hour candle closing over the $240 resistance level, analysts believe SOL might rise by 10%, hitting $265 the following day.

The altcoin trades above the 200-day Exponential Moving Average (EMA) in the 4-hour timeframe. This portends a bullish signal. Meanwhile, SOL’s Relative Strength Index (RSI) is now at 55. With Solana gaining traction, investors see it as another new altcoin to watch closely in the current bull market.

1FUEL set for breakout, 500% gains projected

1FUEL is a strong candidate for the top spot among crypto presales in 2024. It’s rallying, with presale returns of more than 500% projected. Experts forecast 100X gains for the token’s launch. The unique one-click, cross-chain transactions of 1FUEL are the major driving force behind this breakout. 

1FUEL‘s game-changing design eliminates unnecessary network costs and the complexities of managing several digital wallets. Its user-friendly, smart, automated technology delivers an excellent user experience while providing impressive privacy and security characteristics. 

The 1FUEL presale is now underway. This is your opportunity to be a part of the next big trend in crypto and use its innovative wallet firsthand. Do not miss out. You can get 1FUEL tokens at the lowest possible price during the presale.

1FUEL provides users and investors with staking rewards of up to 30% APR, which is among the highest in the industry. Furthermore, it has a P2P exchange where users conduct transactions directly. Decentralized trading reaches a broader audience. 

Conclusion

Bitcoin (BTC) has blasted past the $95K milestone, and Solana (SOL) has also rallied. Now that it has reached the presale stage, 1FUEL is gaining investor interest. It is one of the most promising cryptocurrencies for investors seeking crypto to buy in 2024.

At just $0.01, the ongoing 1FUEL token sale is an opportunity not to be missed. Join in the action and partake of the next wave in the crypto industry.

Discover More About 1FUEL:

Presale: https://www.1fuel.io/ 

Telegram: https://t.me/Portal_1Fuel 

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