Tuesday, 27 February 2024

Crypto News

TRON and Polygon Investors Eye Rebel Satoshi as the Next Big Crypto Investment

TRON and Polygon Investors Eye Rebel Satoshi as the Next Big Crypto Investment


  • TRON plunges 3% in a week, and more losses are coming by month’s end.

  • Polygon loses 10% in a week, but experts expect bulls to come soon.

  • Rebel Satoshi has generated a 120% ROI thus far, with more presale gains coming.

Top altcoins like TRON (TRX) and Polygon (MATIC) have performed poorly as the crypto market continues battling a renewed bearish force. On the other hand, Rebel Satoshi ($RBLZ), an emerging meme coin, has left mainstream investors in awe after raising over $1.5 million during its ongoing public presale.

Why are TRON and Polygon investors gravitating toward Rebel Satoshi? Continue reading to find out!

TRON Dips 3% in a Week: More Losses Incoming?

TRON has performed unsatisfactorily over the past seven days. On January 15, TRX was changing hands at around $0.1130. Notably, TRX reached this level due to the January 13 news of Justin Sun announcing that the USDT circulating on the TRON network had surpassed $50 billion. 

However, as the excitement around this announcement diminished, TRX began retracing its growth. TRX gained traction on January 19 after TRON partnered with HTX DAO but failed to recover the $0.1100 level. By January 22, TRX had stabilized at around $0.1095. This price means TRX has plunged 3.10% in a week. 

Based on this lackluster performance, is TRX a good crypto to buy now? According to experts, TRON will continue its downtrend to close the month at $0.0892. Experts peg this prediction on investors dumping TRX as they take profits from the recent rally that saw it surpass $0.1100. 

Polygon Sheds 10% in a Week: Will Bulls Return Soon?

Polygon has performed dismally over the past seven days. On January 15, MATIC was hovering around $0.8497. After holding this level for two days, MATIC began declining on January 18 after Celcius Network transferred 22.72 million MATIC to Binance, triggering a massive selloff. 

This bearish sentiment saw MATIC plunge as low as $0.7446 on January 19. After a partial recovery, the January 21 news of Bithumb suspending MATIC trading due to network problems forced the token to plunge again. By January 22, Polygon had stabilized at around $0.7589. This price means MATIC has plummeted 10.69% in a week.

So, does Polygon pass muster as a top crypto to invest in? Per analysts, MATIC will gain more adoption once trading resumes on Bithumb. To this end, experts predict…

Click Here to Read the Full Original Article at CoinJournal: Latest Bitcoin, Ethereum & Crypto News…