- Bitcoin could soon regain& its recent& all-time high amid an upcoming halving event, huge ETF capital inflow, and favourable macroeconomics.
- Newly released Rebel Satoshi presents a strong case for being the next viral meme coin.
Bitcoin is proving many doubters wrong on how it may be the best crypto investment. After a round of profit-taking following the all-time high it set earlier this week, BTC could be set to regain that level again in the near term. However, it’s not the only project receiving attention.
The new rebellious meme coin, Rebel Satoshi ($RBLZ), is beginning to attract investors after an eagerly awaited official launch. Learn more later about the project and how to get involved. Let’s first begin the news by looking at Bitcoin’s rise.
Bitcoin surpasses $69,000; sets new all-time high
Bitcoin has shown no let-up in its recent surge, which began in September 2023. The monthly low for BTC back in September was $24,923.10, but this has now shot up by 177% to a new all-time high of $69,063.10.&
The rally in BTC happened sooner than expected for many analysts in 2024. Analysts note Bitcoin’s halving& next month as a major catalyst. However, it’s surprising that BTC has never surged so much before any of the three previous quadrennial halvings. Historically, Bitcoin tends to dip following this event, which is what many experts anticipate. Nonetheless, it’s a considerable factor in the bullish sentiment.
Another contributing factor is the billions of dollars continually pumped into Bitcoin exchange-traded funds, a sign of much-needed institutional interest.&
Finally, macroeconomics also favours BTC, with speculation of an interest rate cut for the US dollar. This often prompts investors to seek higher-yielding assets like BTC and other top crypto coins.
Many forecasts now suggest Bitcoin can reach a yearly peak of $75,000. Yet, there is a chance for a decline based on what happens after halving events.
Rebel Satoshi offers exciting developments following its recent launch
Rebel Satoshi& is a new meme coin that witnessed an eagerly awaited launch a few days ago. This comes after a fast-selling presale where investors committed over& $2.5 million to the project’s revolutionary goals of defying the financial status quo. Rebel Satoshi hopes to fuel a new decentralized era in the current monetary system while maintaining rebel-themed meme culture.
Rebel Satoshi’s ultimate goal is to hit a market cap of& $100 million. Yet, several key developments precede this objective. Users can anticipate an expansion of the meme coin’s ecosystem this month. These additions include the& Rebel Satoshi Arcade, a game collection that combines entertainment and empowerment. Moreover, fellow rebels will dress themselves in rebellion with merchandise.
The core ecosystem remains intact, facilitated by ownership of the $RBLZ token. Holders are set to begin trading 9,999 unique collectibles and digital art characters in the Rebel NFT Vault. The developers plan to release part of this collection this month.
Following this marketplace of soon-to-be trending NFTs is the Revolutionary Staking Hub, where members can earn extra $RBLZ tokens from staking. This represents another income source for the community.
Rebel Satoshi has just listed $RBLZ on the Coinstore and Uniswap trading platforms for $0.025, with more integrations planned for 2024. The present-day value for $RBLZ is 150% higher than its initial price of $0.010 in the presale’s first round. Some analysts predict that this coin might become the next viral meme, attracting a growing number of investors.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.
The post Bitcoin (BTC) could resume rally as Rebel Satoshi ($RBLZ) attracts investors willing to buy at launch appeared first on CoinJournal.
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