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TLDR
- Ethereum plunges 4% in a week, and analysts expect bears to remain dominant.
- Cardano dumps 17% in a week, but experts believe bulls will resurface soon.
- Rebel Satoshi gears up to take on top altcoins after nearing its presale end.
Top crypto coins like Ethereum (ETH) and Cardano (ADA) have performed poorly since the start of 2024. As a result, investors are migrating to fresh tokens that have maintained the 2023 upward momentum. 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 discover!
Ethereum Tumbles 4% in a Week: What’s in Store?
Ethereum has performed unsatisfactorily over the past seven days. On January 2, ETH was changing hands at around $2,387.19. Due to fears of the SEC possibly rejecting a spot Bitcoin ETF, the broader crypto market crashed, and ETH was not an exception. This bearish sentiment saw ETH trade as low as $2,189.99 on January 3.
However, the January 8 news of Ethereum whales accumulating $1 billion worth of ETH over the past 30 days saw the token climb to $2,356.29 on the same day. Unfortunately, ETH failed to maintain this uptrend and pulled back. By January 9, ETH had stabilized at around $2,274.24. This price means ETH has shed 4.73% in a week.
Moreover, experts believe ETH will continue plunging to close January at $2,240.36. Experts peg this prediction on Ethereum losing investors after a whale used $30.82 million worth of Ethereum to repay an AAVE loan on January 9. To this end, experts recommend adding ETH to the list of altcoins to watch!
Cardano Shed 17% in a Week: Is an Upside in Sight?
Cardano has performed abysmally over the past seven days. On January 2, ADA was hovering around $0.6255. Following the January 3 crash, ADA plummeted to $0.5380. Luckily, the January 5 news of Grayscale reserving Cardano in its Digital Large Cap Fund (GDLC) despite rebalancing saw ADA pump slightly.
After climbing as high as $0.5778 on January 5, ADA started correcting downward as the excitement about the grayscale news waned. By January 9, ADA had leveled off at around $0.5184. This price means ADA has plunged 17.12% in a week. This deplorable performance explains why ADA investors are abandoning it.
Despite this lackluster performance, analysts believe ADA will experience a resurgence to hit $0.5642 by the end of the month. This forecast makes ADA a good crypto to buy. Analysts peg this prediction on more investors embracing ADA after CoinGlass revealed that Cardano’s 24-hour trading volume skyrocketed by more than 100% to reach $900 million.
Rebel Satoshi Set To Continue Its Uptrend After Jumping 100%!
Rebel Satoshi, an emerging meme coin that aims to propel the crypto industry into a new era of decentralization, has mesmerized investors after raising $2 million during its presale. It is worth noting that this breakthrough came after Rebel Satoshi completed the Early Bird Round, Rebels Round 1, and Warriors Round 2 stages of its presale.
This outstanding performance stems from the increasing demand for $RBLZ, Rebel Satoshi’s governance and membership token. Investors are queuing to purchase $RBLZ because it is the ticket to accessing the Rebel Satoshi ecosystem. Moreover, $RBLZ is a viable investment because of its reasonable supply cap of 250 million tokens.
By January, Rebel Satoshi had kicked off Citizens Round 3 of its ongoing presale, and $RBLZ’s price was $0.025. This price means Early Bird Round investors that bought $RBLZ at $0.010 have realized a 100% ROI, which is set to increase to 150% once $RBLZ reaches its listing price of $0.025.
On the other hand, Citizens Round 3 investors will enjoy a 10% ROI when Rebel Satoshi enters Monarchs Round 4 at $0.022. Moreover, the yield for Citizens Round 3 investors will increase to 25% when $RBLZ soars to $0.025 in February. This carved-out price trajectory makes $RBLZ the best cryptocurrency to buy today.
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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