Dogecoin (DOGE) was deemed by many as the king of memes due to Elon Musk’s support, but now, he is looking at other investments, taking the DOGE price down with him. However, memecoins are not the only tokens that are suffering.
Established utility coins like Avalanche (AVAX) are also in the red as they have been completely overshadowed by Solana and ETH memecoins. Speaking of which, Rebel Satoshi (RECQ) is an ETH memecoin that’s set to lead the ETH ETF-fueled rally this fall. Read on to learn more!
Some might call Rebel Satoshi a new player in town, which is partially true. Rebel Satoshi, a memecoin inspired by the rebellious spirits of Satoshi Nakamoto and Guy Fawkes, entered the market with a bang, launching its OG RBLZ token.
After the successful RBLZ presale, Rebel Satoshi launched the token on major exchanges like Uniswap, Coinstore, and CoinGecko, adding even more value to current RBLZ holders.
Even though experts say that RBLZ is only getting started and that 10x returns are child’s play, Rebel Satoshi’s new token, RECQ, is attracting even more hype than its predecessor.
RECQ is Rebel Satoshi’s utility token, which will be used for day-to-day operations such as handling all transactions, rewards, fees, and purchases in the Rebel Satoshi ecosystem. It’s currently in Stage 2 of its public presale, trading at just $0.0044, with a planned launch price of $0.0125.
This means that Stage 2 RECQ investors will receive a staggering 184% ROI from the presale alone.
Moreover, experts say that the surge will be massive once RECQ starts trading on exchanges, predicting at least 3,000% gains for the token as a start!
The launch of RECQ will also coincide with the ETH ETF approval, meaning that ETH memecoins, like RECQ and RBLZ, will absolutely skyrocket!
About a week ago, Securitize Europa Brokerage and Markets successfully completed Spain’s first on-chain secondary transaction of a tokenized asset. To do that, it used the Avalanche blockchain, a feat that is set to pioneer a transparent and safe way of trading financial assets.
However, despite this huge development front-run by the Avalanche blockchain, AVAX is still moving down, marking a whole month of steady decreases. Right now, AVAX is trading around the $28.00 mark, a 23.10% decrease in value from last month.
The analysts who called the $300 target for Avalanche a few months back are now seriously reconsidering their analyses, saying that if AVAX continues to fail to react to such huge Avalanche developments, it is doomed to go down even further in the future.
As of now, $50.00 is the most bullish price target you can find for AVAX, and Avalanche enthusiasts are looking for other projects to boost their portfolios.
Dogecoin holders are slowly but surely losing their confidence in DOGE, especially after Elon Musk’s recent tweet of a dog in a hat, potentially hinting at Dogwifhat, one of the Solana memecoins. This simple tweet, with no description or context attached to it, managed to completely stir the Dogecoin community and, as a consequence, the DOGE price.
On-chain data has shown that more and more Dogecoin holders are offloading their DOGE and, similar to AVAX holders, looking for other, more promising projects. In the span of a month, DOGE managed to lose around 13% in value, currently trading around the $0.133 mark. As Elon Musk continues to ignore Dogecoin’s existence, the coveted $1.00 mark slips further away from DOGE, and the token continues to trade in the red.
However, it’s worth mentioning that anything can happen, as we know that trending memecoins are anything but predictable, and the same goes for Elon Musk.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.
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