Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only.
Monero (XMR) suffers a drop below $140 as SEC debates fines and restrictions on institutional sales of Ripple (XRP), while Rebel Satoshi's RBLZ coin amid booming meme coin market is poised for exponential growth.
The SEC is seeking a $2 billion fine over the controversial sale of XRP tokens. Despite the strength in the crypto market, Monero continues to fall. On the other hand, Rebel Satoshi is growing significantly and the demand for his RBLZ token is increasing. This growth is also fueling high demand for his RECQ, which is still in the early stages of pre-sale. RBLZ's next jump is said to be a big one.
Rebel Satoshi’s RECQ Tokens Ready for First Round of Presale
After a large and successful pre-sale, Rebel Satoshi decided to up the ante by introducing RECQ, a new token with a practical purpose. The rebel Satoshi's fame is skyrocketing.
Rebel Saga incorporates meme coin dynamics, capitalizing on the current meme coin boom. It also includes multiple ways to earn wealth, which encourages community participation. These measures will help prove that decentralized communities can increase value for their members. RBLZ has already set an ambitious goal of reaching a market capitalization of $100 million.
Rebel SATOSHI offers NFT trading and Play-to-Earning games in its ecosystem. Community members can earn value by trading NFT works from their high-value collections. Users can also participate in coin staking and earn valuable APY rewards for their contributions to security. The coin used for staking to Rebel SATOSHI is His RBLZ, a governance token that users can purchase on Coinstore, Uniswap, DEXTools, and CoinGecko.
RBLZ has already soared 150% during the presale, and experts say this is just the beginning. They state that RBLZ will lead this season's meme coin rush thanks to its utility, community, and memes. This makes RBLZ one of the leading altcoins.
Product purchases and play-to-earn networks can be accessed using Rebel Satoshi's new RECQ token. The network has not yet launched RECQ as it is still in the early bird round of pre-sales. The cost was $0.0020. However, RECQ's next presale will increase its value to $0.0037, an 85% increase from the current price.
SEC asks Ripple to halt all XRP sales
Ripple's ongoing lawsuit over its controversial XRP sales has taken on a new dimension as the SEC seeks a $2 billion fine. The SEC has asked Ripple Research Institute to stop selling XRP to institutional investors.
Sentiment surrounding the ongoing litigation could impact XRP's performance in Q2 2024. XRP was trading at $0.6019 in early March. Less than two weeks later, XRP rose 19.2% to $0.718. It then fell 18.6% to $0.5844, but recovered by late March to $0.6246, a 6.8% decline.
Analysts say Ripple Labs could appeal the SEC's request to halt institutional sales of XRP. Some say a quick conclusion to the lawsuit could be beneficial to XRP's performance. Furthermore, they agree that XRP could rise by 15.3% to $0.7204 in the second quarter of 2024. Still, few analysts can say that XRP is a good cryptocurrency to buy right now.
Monero remains bearish despite Bitcoin recovery
Bitcoin’s return to the $70,000 level will have little impact on Monero as it continues its decline in March. Despite surging to $150 in mid-March, Monero has lost its bullish momentum. Monero's market capitalization has fallen by more than $1 billion since early February.
XMR was valued at $142.99 at the beginning of the month. Two weeks later, it rose 5% to $150.22. Investors expected the rally to continue. However, XMR fell sharply, dropping 10% to $135.06 in late March.
Monero's decline follows its delisting from Binance, the world's largest cryptocurrency exchange. However, analysts say Monero's recent upgrades could increase developer activity on the network. Additionally, Monero is also exploring new listings and partnerships with crypto exchanges. Analysts believe this move could pay off and increase the value of XMR by 11% to $149.98.
For the latest updates and more information, please visit Rebel Satoshi's official website or contact Rebel Red via Telegram.
Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own investigation before taking any action related to the Company.
