Overview
Top cryptocurrency coins like Ethereum (ETH) and Cardano (ADA) have performed poorly at the beginning of 2024. As a result, investors are moving towards new tokens that have maintained the upward momentum from 2023. One such token is Rebel Satoshi ($RBLZ), a new meme coin that has raised $2 million after completing the first three rounds of its public presale.
Why are Ethereum and Cardano enthusiasts shifting to Rebel Satoshi? Continue reading to find out!
Ethereum’s Recent Performance
Ethereum has not done well over the past seven days. On January 2, ETH was hovering around $2,387.19. However, the broader crypto market crash on January 3 due to the fear of the SEC rejecting a spot Bitcoin ETF saw ETH trade as low as $2,189.99. The token briefly climbed to $2,356.29 on January 8 after news broke of Ethereum whales accumulating $1 billion worth of ETH over the past 30 days. Yet, ETH failed to maintain this upward trend and settled around $2,274.24 by January 9, marking a 4.73% loss for the week.
Experts believe that Ethereum will continue to decline, with a predicted closing price for January at $2,240.36. They anticipate this based on the loss of investors after a whale used $30.82 million worth of Ethereum to repay an AAVE loan on January 9. Therefore, experts recommend keeping an eye on Ethereum.
Cardano’s Recent Performance
Cardano also had a rough week. On January 2, ADA was trading around $0.6255. The following day saw a crash that sent ADA plummeting to $0.5380. While the news of Grayscale reserving Cardano in its Digital Large Cap Fund (GDLC) caused ADA to pump slightly and reach $0.5778 on January 5, it eventually corrected to settle around $0.5184 on January 9, marking a 17.12% loss for the week.
Despite this, analysts believe ADA will experience a resurgence, reaching $0.5642 by the end of the month. A report revealing that Cardano’s 24-hour trading volume surged by more than 100% to reach $900 million is the basis for this prediction. Analysts consider ADA a good cryptocurrency to invest in.
Rebel Satoshi’s Performance
Rebel Satoshi, a new meme coin seeking to drive the crypto industry towards a new era of decentralization, has captivated investors after raising $2 million during its presale. Rebel Satoshi is currently in its Citizens Round 3 of the ongoing presale, where $RBLZ’s price was $0.025. Early Bird Round investors who bought $RBLZ at $0.010 have experienced a 100% return on investment (ROI), which is expected to increase to 150% once $RBLZ reaches its listing price of $0.025.
Additionally, Citizens Round 3 investors will enjoy a 10% ROI when Rebel Satoshi enters Monarchs Round 4 at $0.022. Furthermore, their yield will increase to 25% when $RBLZ reaches $0.025 in February, making $RBLZ an attractive investment option. For the latest updates and more information, be sure to visit the official Rebel Satoshi presale website or contact Rebel Red via Telegram.
Hot Take
Many cryptocurrencies have faced significant price declines, causing a shift in investor interest. While established tokens like Ethereum and Cardano have had a difficult start to 2024, new tokens like Rebel Satoshi have attracted attention and investment due to their growth potential. Keep an eye on these trends as they continue to evolve in the crypto market.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.