Solana (SOL), a familiar top ten cryptocurrency, finds itself in a short-term multi-million-dollar liquidation. Meanwhile, Arbitrum (ARB) has reached a yearly high, receiving a shoutout from the popular Ethereum co-founder Vitalik Buterin.
Amid these stories is the unprecedented growth of the new Rebel Satoshi ($RBLZ). This emerging coin continues to enjoy a sought-after presale. Let's first learn about this project before looking at the others.
Rebel Satoshi is a rebel-themed meme coin on a mission to rebel against centralized finance. Using Satoshi Nakamoto and Guy Fawkes as mascots, Rebel Satoshi is set to challenge the financial status quo.
Rebel Satoshi will slowly build a rebel-minded community through interactive quests and virtual gatherings. The platform's target is a $100 million market cap, which should aid its revolutionary ambitions and reward community members.
The $RBLZ token is the key enticement in Rebel Satoshi, the center of the project's monetary ecosystem. With the Revolutionary Staking Hub, members can 'lock up' their tokens to earn excellent passive income while securing the blockchain.
Users also need $RBLZ in the Rebel Artefacts Vault to access 9,999 collectibles and digital art characters. The latter includes 6,831 Citizens, 2,000 Rebels, 999 Warriors, 150 Monarchs, and 19 Recusants.
Only a few weeks remain before $RBLZ is listed on multiple exchanges where analysts anticipate massive price potential. Fortunately, you can get $RBLZ for a low $0.020 in the second-to-last round of Rebel Satoshi's presale.
The presale is expected to conclude in February 2024, which is only a few weeks away. $RBLZ will trade for $0.025 by this time, representing a 25% gain.
Investors have not only Ethereum as their best altcoins to buy but also its layer-2 (L2) solutions like Arbitrum. The last quarter of 2023 has seen a renewed interest in Arbitrum, resulting in its ARB recently hitting a yearly high of $1.66.
Ethereum's co-founder, Vitalik Buterin, sang the praises of Arbitrum in a recent post on the Warpcast decentralized social network. The developer stated that Arbitrum was the only 'stage 1 roll-up,' becoming the first L2 to get close to true decentralization.
Another example of good news for Arbitrum is the platform's performance on Uniswap. Since Uniswap integrated with Arbitrum in August 2021, over 1 million liquidity provider positions have been opened, based on a recent X/Twitter post from Uniswap.
According to forecasts, ARB will likely be in the $2-3.50 price zone (or higher) in 2024.
The last week of 2023 for Solana is proving to be slightly bearish, with SOL down 22% from the yearly high of $126 to $98. Liquidations experienced across top crypto coins like Bitcoin and Ethereum are the main catalyst. Based on information from Coinglass, traders have liquidated over $170 million in the past few days, including $24 million for Solana.
Still, this behavior is quite common towards the end of the year. Investors often cash out during the holidays. Also, order books for exchanges are generally thinner this season, leading to volatile conditions that can work in both ways.
Thankfully, such price action doesn't last forever, meaning things should return to normal for Solana in 2024. Forecasts echo this sentiment, estimating a feasible trading range of $150-250 next year.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.