Wednesday, 17 April 2024

Crypto News

Can Bitcoin (BTC) sustain its rally? Investors bet big on Rebel Satoshi (RBLZ) DEX launch

Can Bitcoin (BTC) sustain its rally? Investors bet big on Rebel Satoshi (RBLZ) DEX launch

  • Analysts predict that Bitcoin (BTC) will continue trading above $50,000. 
  • Rebel Satoshi ($RBLZ) to launch on DEXes after concluding its presale.
  • Investors are optimistic of $RBLZ performance after listing.

Even as the best altcoins continue to suffer, the Bitcoin (BTC) price has rallied past $51k. Meanwhile, Rebel Satoshi ($RBLZ) has risen continually during its presale as investors anticipate further gains upon its upcoming DEX launch. Let’s understand whether BTC can sustain its rally and why experts consider $RBLZ the best crypto to buy right now. 

Bitcoin soars past $51K as ETFs AUM surpass $10B

The rally in the Bitcoin (BTC) price after the approval of Spot ETF was short-lived. After that, the Bitcoin (BTC) price and the entire market had been caught up in volatility. By January 23, the Bitcoin (BTC) price fell to a low of $38,740. However, as the market recovered, the Bitcoin (BTC) price has also risen. 

On February 15, the Bitcoin (BTC) price was up by 35.1% to trade at $52,345. This surge in the Bitcoin (BTC) price was powered by the growth in the Spot ETFs. As of January 12, the ETFs had accumulated over $10 billion in Assets Under Management (AUM). This rally in the Bitcoin price has occurred despite Grayscale transferring 2,044 BTC to Coinbase Prime. 

As the fears of a sell-off by Grayscale have failed to stop the Bitcoin (BTC) price from rising, experts are bullish. They predict that the Bitcoin (BTC) price will continue to trade above $50,000 in the coming weeks. 

Investors foresee gains as the $RBLZ DEX launch approaches

The innovative meme coin project, Rebel Satoshi, is designed on the principles of Guy Fawkes and Satoshi Nakamoto. Rebel Satoshi aims to bring forth a revolution in the market and usher in true decentralization. The Rebel Satoshi rebellion is led by its Recusant community members. 

The Rebel Satoshi project revolves around its governance and membership token, $RBLZ, adhering to the ERC-20 standard. Rebel Satoshi has made the $RBLZ contract public, which has been audited by SourceHat. Rebel Satoshi is targeting a $100 million market cap for the $RBLZ token and has fixed its total supply at 250 million. 

Rebel Satoshi has been conducting the presale of the $RBLZ token in multiple rounds. Right now, the last round, the Recusants Round 5, is underway at $0.024 per $RBLZ. Once the presale ends, the…

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