Rocket Pool (RPL) Price Estimate - RPL's Launch Propels Towards a 2% Hike

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Despite witnessing a sharp decline from its peak of $59 in April to $22.09 on September 2, 2023, Rocket Pool (RPL) seems to be on a path to recovery.

As of 6:55 a.m. EST, RPL is trading at $23.07, indicating a 0.7% surge within the past 24 hours. Furthermore, its trading volume has surged by 24% during the same timeframe, indicating a robust influx of buyers.

This recent increase in Rocket Pool’s price can be attributed to the growing interest and participation in ETH 2.0 staking, which is thought to be propelling short-term bullish momentum for Rocket Pool (RPL)

Rocket Pool is excited to be bringing rETH over to @BuildOnBase!

Liquid staking your ETH can be as simple as holding rETH in your wallet on Base. Just like on Ethereum mainnet and other L2's, $rETH is an LST that will continue to automatically accrue staking rewards over time. pic.twitter.com/IEbO7qjrH4

— Rocket Pool (@Rocket_Pool) September 7, 2023

Bullish Momentum Building on Daily Chart

RPL Chart Analysis. Source: Tradingview.com

RPL’s price has been trading in a downtrend, dipping below previous lows and establishing new ones.

However, a surge occurred when RPL expressed interest in participating in ETH 2.0 staking. Nonetheless, the price dropped, signaling some weakness in the bulls’ ability to sustain the upward momentum.

The downtrend finds support from the simple moving average cross at $42, aligning with the upper boundary of the descending channel. Moreover, the moving averages, positioned at $39 and $26 respectively, are trading above the current price.

The Relative Strength Index (RSI) stands at 43, indicating that the market remains relatively neutral and has not entered the overbought zone yet. These technical indicators, when combined, suggest the potential for short-term bullish momentum in the case of Rocket Pool’s RPL token.

The chart reveals RPL’s price slightly above its support level at $23, and it’s beginning to display signs of bullish momentum.

A robust upward move from this support level could propel the asset’s price to retest its previous support at $39, offering a potential 60% return on investment for those buying at this juncture.

Although RPL may encounter substantial resistance at the $39 price level, potentially causing a temporary decline, the positive sentiment surrounding RPL has investors and traders optimistic about its bullish price trajectory in the upcoming weeks.

Bitcoin BSC Crosses $200k Mark

Bitcoin BSC (BTCBSC) has achieved a significant milestone in its ongoing presale phase, reaching $213,212 in investments. It aims to offer investors an alternative to Bitcoin, particularly in the current bear market.

The token also offers a fresh opportunity for those who missed Bitcoin’s earlier price surge.

Bitcoin BSC is available at just $0.99, reminiscent of Bitcoin’s early days in 2011 when it traded below the $1 threshold.

https://twitter.com/Bitcoinbsctoken/status/1699814873369112819?s=20

Moreover, it introduces an eco-friendly stake-to-earn model as a sustainable alternative to Bitcoin’s energy-intensive Proof-of-Work (PoW) system.

Bitcoin BSC operates on the Binance Smart Chain (BSC), ensuring interoperability with other BSC decentralized applications (dApps) and allowing users to conveniently purchase it from Ethereum Virtual Machine (EVM) wallets like MetaMask or Trust Wallet.

https://twitter.com/Bitcoinbsctoken/status/1700056426066989204?s=20

The Binance Smart Chain’s suitability for executing smart contracts empowers projects like Bitcoin BSC to adapt to market demand effectively.

Additionally, Bitcoin BSC adopts the Proof-of-Stake (PoS) consensus mechanism, offering significant advantages over Bitcoin’s PoW system while reducing energy consumption and positioning itself as an eco-friendly alternative.

The staking mechanism aims to reduce sell pressure on $BTCBSC and incentivize long-term holders, potentially enhancing its price stability.

The $BTCBSC smart contract has undergone a thorough security audit, revealing no safety risks.

https://twitter.com/Bitcoinbsctoken/status/1699754491803750877?s=20

Buy and Claim Your BTCBSC Project, Presale Selling Out Fast

Bitcoin BSC shares the same total supply, with 21 million tokens circulating. It’s a fully community-owned project, allocating 29% of its tokens to the presale, reserving 69% for staking rewards, and setting aside the final 2% for exchange liquidity.

The presale occurs in two phases, releasing 4 million tokens in the first stage and 2.125 million in the second, both at the historical 2011 price point of $0.99.

As of now, the $BTCBSC presale has raised $213,212. Unsold tokens during the presale will seamlessly integrate into the 120-year staking rewards schedule.

https://twitter.com/Bitcoinbsctoken/status/1700057880429216224?s=20

Beyond offering a cost-effective alternative to Bitcoin, the fixed-price presale aims to foster community cohesion and sustainable price dynamics.

It’s important to note that the entire tradable supply becomes available during the presale, potentially leading to limited supply and heightened demand post-presale.

Bitcoin BSC’s roadmap emphasizes its commitment to passive income rewards through a Stake-to-Earn mechanism, drawing inspiration from Bitcoin’s strengths while promoting cost-effectiveness and eco-consciousness. The phases include a transparent presale, staking activation, DEX debut, and daily rewards for $BTCBSC holders over approximately 120 years.

To purchase $BTCBSC, you can use various payment options through the official website, including ETH or USDT (ERC-20), BNB or USDT (BEP-20). Token claims will be facilitated on the BSC network. If you buy with ETH, you’ll need BNB for gas fees during the claiming process.