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 initiatives.
Moreover, Rebel Satoshi focuses on the DeFi revolution, which includes NFT trading, coin staking, and peer-to-peer blockchain gaming. These components and qualities make Rebel Satoshi the ideal cryptocurrency investment during the present bull market.
All community members will have access to the services, which the network will distribute using a dual-token economy. The interesting part is that Rebel Satoshi’s ecosystem includes two key trending memecoins: one for governance and one as a utility token.
Rebel Satoshi’s RBLZ provides governance benefits while also allowing access to community activities. Notably, RBLZ is now available on Uniswap, DEXTools, Coinstore, and CoinGecko after growing in price by 150% during its presale phase.
Additionally, it is utilized to stake and improve network security. Meanwhile, Rebel Satoshi’s second coin, RECQ, is a utility token that manages all transactions, fees, and rewards. Community members will also need RECQ to receive rewards from Rebel Satoshi’s play-to-earn (P2E) arcade.
RECQ is now in Stage 2 of the presale and trading at $0.0044. The cryptocurrency generated a 120% ROI for Early Bird Round investors who purchased RECQ for $0.0020.
In addition, Stage 2 investors will mark a 25% profit when RECQ rises to $0.0055 after entering Stage 3 of the presale. Subsequently, the token will launch at $0.0125, bringing 184% gains for Stage 2 investors.
Furthermore, RECQ is regarded as the best cryptocurrency to buy right now because renowned crypto market analysts predict a 20x increase for one of the top ETH memecoins in the following months.
Arbitrum DAO Approves $215 Million Gaming Ecosystem Fund
On June 10, 2024, Arbitrum’s governance platform approved a proposal to allocate 225 million ARB tokens, about $215 million, over three years to fund gaming applications.
The price of Arbitrum’s native token has experienced a decrease from $0.959 to $0.938 over two days, reflecting a 2.25% decrease. This shift has influenced experts’ outlook on Arbitrum’s investment potential, with forecasts suggesting a drop to approximately $0.8379 per ARB token by mid-July.
On the other hand, the majority of crypto market experts foresee an uptick for Arbitrum driven by Arbitrum’s support for crypto projects. These experts anticipate a rise to around $2.095 per ARB token in July.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.
The post Whale Activity Propels Rebel Satoshi (RECQ) Presale Amid Slumping Prices for Polygon (MATIC) and Arbitrum (ARB) appeared first on CoinJournal.
