TLDR
- Shiba Inu (SHIB) price has seen a minor increase after the announcement of a new token burn mechanism that aims to reduce TVL.
- Dogecoin (DOGE) is the next chain to adopt crypto inscription technology as a developer uploads a 90’s game.
- Rebel Satoshi ($RBLZ) is gearing up for its February listing; over 90% of the allocated $RBLZ tokens are already sold.
Two weeks have passed since the SEC approved 11 spot Bitcoin ETFs. While this bullish development initially triggered a market-wide bull run, top DeFi projects like Dogecoin and Shiba Inu have slowed down. Meanwhile, Rebel Satoshi’s $RBLZ, an emerging meme coin, has performed remarkably during its presale, having raised over $1.5 million thus far.
What factors are driving Rebel Satoshi‘s upward trend? Let’s delve into the reasons behind this astonishing performance.
Shiba Inu Introduces Novel Token Burn Mechanism; Price Rises by 1.4%
On January 23, Shiba Inu announced via its website that it is set to implement a groundbreaking token burn mechanism integral to the network’s framework. This mechanism aims to strategically reduce the token supply, a move expected to bolster the token’s value and positively impact its ecosystem.
Following this positive news, the price of SHIB has seen a 1.4% increase from $0.000008824 on January 23 to $0.000008946 on January 31. As for experts’ predictions on SHIB, they expect the top altcoin to continue its upward momentum and hit the $0.000011 level by the end of March. This would represent a potential 22.96% price increase for Shiba Inu.
However, otherSHIB analysts are skeptical about Shiba Inu’s future, and they foresee a price decline to $0.0000078 by late March. Amid these mixed price predictions for SHIB, top crypto experts recommend looking at Dogecoin and RBLZ.
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Nifty Developer Uploads Doom to Dogecoin as Crypto Inscriptions See Increased Adoption
On January 23, news reports reported that a developer had embedded the 1993 first-person shooter game Doom into the Dogecoin network, enabling users to enjoy gameplay on both mobile and desktop platforms. Utilizing the Dogecoin Ordinals protocol, also known as “Doginals,” the pseudonymous developer “Mini Doge” inscribed Doom onto the Dogecoin blockchain.
After this report, prices of DOGE climbed 2.4% from $0.0782 on January 23 to $0.0791 on January 31. Due to the current bullish trend in the cryptocurrency market, analysts maintain an optimistic view of Dogecoin. They expect DOGE prices to soar by 19.8%, hitting $0.095 by the end of March, and this should come on the back of Dogecoin Spot ETF approval by the SEC.
However, some experts’ sentiment toward DOGE has turned notably bearish due to Dogecoin’s increased volatility fostered by X owner Elon Musk. This has led them to believe that Dogecoin’s prices will decline to $0.068 come March ending.
Rebel Satoshi Has Investors Reminiscing DOGE and SHIBA INU Days; Presale Sees 150% Increase
Rebel Satoshi is rapidly gaining recognition as a noteworthy cryptocurrency, distinguishing itself as a standout project in the industry. It stands out for its distinctive amalgamation of community-driven principles and a spirit of rebellion.
The platform’s native coin, $RBLZ, transcends conventional meme currencies, focusing on advancing decentralization and challenging the prevailing status quo. Rebel Satoshi emerges as an intriguing memecoin and a notable newcomer.
In the ongoing Rebel Satoshi presale, $RBLZ tokens are presently trading at $0.022 as part of the Monarchs Round 4 phase. With over 100 million $RBLZ tokens sold, amounting to more than $1.5 million, the presale has demonstrated early success.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram
