After the Downturn in THORChain and Chainlink, Is This Cryptocurrency Poised for Your Next Big Profit?
In Brief
With the current downturn in THORChain (RUNE) and Chainlink (LINK), investors are scrambling for the top crypto to invest in. Although both projects remain dominant in their niches, an emergent rebellious meme coin is trending.
TLDR
- Data suggests that THORChain is outpacing the trading volume of top decentralized exchanges.
- Chainlink partners with Cointelegraph Accelerator
- Only a few presale rounds remain before the new meme coin Rebel Satoshi launches.
With the current downturn in THORChain (RUNE) and Chainlink (LINK), investors are scrambling for the top crypto to invest in. Although both projects remain dominant in their niches, an emergent rebellious meme coin is trending.
Its unique value proposition may be the key to your next big profit. Stick around to learn more about this project. Let’s first look at what’s happening with THORChain and Chainlink.
THORChain May Surpass The Trading Volume Of Top DEXs Soon
THORChain’s rise in 2023 has been monumental despite the platform only launching in June 2022. The data suggests THORChain may soon be in the top 5 cryptocurrencies (or better) for decentralized exchanges or DEXs.
A user on X/Twitter (with the handle @CryptosBatman) posted interesting findings recently. THORChain’s trading volume for 2023 surged 798% (from $576 million to $5.17 billion), the highest among DEXs. This is greater than the second-highest, PancakeSwap, at 130%.
THORChain may soon overtake PancakeSwap and other exchanges if it maintains this growth. While it’s still miles behind the leader Uniswap, it exemplifies THORChain’s incredible progress.
RUNE is worth $5.80, a value 7.43 times higher than its June low of $0.78. Furthermore, forecasts hint at minimum prices of $7 and $15 for 2024 and 2025, respectively.
Chainlink Labs Forges Strategic Collaboration With Cointelegraph Accelerator
Chainlink Labs, the developers behind Chainlink, has partnered with the Cointelegraph Accelerator to drive innovation and growth for the next-gen Web3 projects. The accelerator will offer Chainlink BUILD (an early-stage growth program on Chainlink) with marketing support, social media playbooks, user acquisition guides, industry events, and other benefits.
In exchange, Chainlink Labs should support projects under the Cointelegraph Accelerator with technical support, mentorship, and access to its cutting-edge decentralized oracles platform.
In other news, the network’s recently launched v0.2 staking upgrade continues to receive attention. However, a limitation for new users involving a long ‘unbounding’ period has received flak, leading to a slight decline in LINK. Yet, from its current price of $15, it may reach at least $20 by 2024 and $35 by the end of that year.
Finally, we look at the project mentioned earlier, Rebel Satoshi ($RBLZ), which is only a few presale rounds from going live.
All Systems Go For Rebel Satoshi’s Imminent Launch
The official launch of Rebel Satoshi is imminent, judging by the project’s fast-selling presale. Rebel Satoshi is an eccentric meme coin inspired by Satoshi Nakamoto’s efforts to introduce a much-needed digital currency revolution against all odds.
The project is honoring their defiant spirit to rebel against the oppressive financial status quo for absolute decentralization. Attaining $100 million in market cap will put Rebel Satoshi in good stead for this ambition.
The key enabler is the $RBLZ token fueling a conducive ecosystem of rewards mimicking many DeFi companies. It’s an ERC20 coin with a finite supply of 250 million to prevent inflation.
$RBLZ holders can enter the Revolutionary Staking Hub to stake their tokens and bolster Rebel Satoshi‘s supply and demand. The Rebel Artefacts Vault is another welcome boost. This stunning marketplace will feature 9,999 unique collectibles and digital art of these characters: Warriors, Rebels, Citizens, Monarchs, and Recusants.
The ongoing presale is in Warriors Round 2, the second-to-last round before Rebel Satoshi launches on exchanges. $RBLZ is trading for a bargain of $0.018, which will be 38% more valuable (with a new price of $0.025) following the presale.For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
More articles
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
