Wednesday, 17 April 2024

Crypto News

97% of BTC Addresses Profitable at Local High; New Memecoin Outshines DOGE, SHIB

97% of BTC Addresses Profitable at Local High; New Memecoin Outshines DOGE, SHIB

The cryptocurrency market continues to witness significant developments, with Bitcoin (BTC) making headlines as 97% of its addresses are now profitable at the local high. Concurrently, Rebel Satoshi ($RBLZ) emerges as a notable contender, outshining renowned meme coins like DOGE and SHIB. Let’s explore these recent developments and their implications for crypto enthusiasts and investors. 

BTC Addresses Profitable Amid Market Highs

Recent data indicates a remarkable trend in the Bitcoin market, with an overwhelming 97% of BTC addresses currently holding profitable positions at the local high. This surge in profitability underscores the bullish momentum of Bitcoin, with most holders acquiring their BTC at prices lower than the current market value, which hovers around $65,000.

The substantial proportion of profitable addresses signals a shift in market dynamics, reducing selling pressure from users aiming to break even. Instead, newcomers entering the market are essentially purchasing coins from existing users who are already realizing profits, according to analytics firm IntoTheBlock. This trend reflects a maturing market where long-term holders stand to benefit from their early acquisitions.

Rebel Satoshi ($RBLZ) Outshines DOGE and SHIB

While Bitcoin commands attention with its impressive profitability metrics, Rebel Satoshi ($RBLZ) emerges as a dynamic player in the crypto arena. This Ethereum-based token has garnered significant attention, outshining renowned meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB).

Rebel Satoshi ($RBLZ) has surged in value and market sentiment after its Coinlist listing, showcasing its potential to disrupt the meme coin space. With a strategic focus on community engagement and innovative features, Rebel Satoshi ($RBLZ) has carved a niche for itself as a promising investment opportunity.

Key Features of Rebel Satoshi

Rebel Satoshi ($RBLZ) offers investors a range of key features that set it apart in the competitive crypto landscape. Built on the secure Ethereum network, Rebel Satoshi boasts safe smart contracts audited by top auditing firm Source Hat. Its commitment to safety, evidenced by the Source Hat audit, has convinced some investors that it might be the best cryptocurrency to invest in at this juncture.

The token’s ecosystem includes features like Unlock Fame & Exclusive Rewards, Rebel…

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