TLDR
- Despite a recent surge, experts have an overall bearish outlook on Polygon (MATIC).
- Arbitrum (ARB) dipped slightly over the past few days. Experts have begun to diversify towards one of the ETH memecoins.
- Rebel Satoshi (RECQ) maintains its place as the top ICO ahead of its highly anticipated exchange listing.
Crypto market experts believe recent whale activities among trending memecoins have boosted future prospects for Rebel Satoshi‘s RECQ. This boost has emerged because leading investors in Polygon (MATIC) and Arbitrum (ARB) are exploring diversification by embracing RECQ.
Let’s explore the reasons behind the hype around RECQ and understand why it’s becoming a preferred choice among MATIC and ARB investors for the best crypto to buy!
Polygon Dedicates 35 Million MATIC Tokens to Support Network Projects
According to a press statement by Polygon, a newly launched initiative will provide 35 million MATIC tokens to Polygon developers from mid-June. This fund will be distributed in MATIC tokens for the first season due to the network’s current token upgrade to POL. Subsequently, future grants will be distributed with POL tokens.
The recent authorization has ignited enthusiasm among Polygon enthusiasts, resulting in a 4.32% surge in MATIC’s value.
MATIC rose from $0.618 to $0.644 over the past week. Regarding the MATIC price forecast, analysts foresee continued expansion for Polygon. Coupled with the frenzy around top altcoins, they believe Polygon’s MATIC will reach $1.174 by the end of the month.
Nevertheless, some market experts are bearish on Polygon, especially in the short term. Citing the inability of the coin to sustain gains in recent weeks, they say MATIC could dip to $0.472 by the end of June.
RECQ Outshines ETH Memecoins as Its Presale Surge Lures Investors
Many users and enthusiasts in the digital asset market are wondering whether crypto communities will benefit from the return of decentralization. That’s because the crypto business has gotten more centralized as institutional investors continuously enter the market.
However, Rebel Satoshi is a project that seeks to restore crypto’s decentralization from the concentrated powers that already dominate the market. To entrench true decentralization, the memecoin project is built primarily to foster equitable chances for wealth accumulation and community-based…