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Amid a bearish trend for Dogecoin and Solana, Rebel Satoshi Arcade’s new altcoin, combining GameFi and NFTs, has sold most of its presale tokens.
The new week had a rocky start, considering the tension in the Middle East over the weekend. Unsurprisingly, the crypto market plummeted. Top altcoins like Dogecoin (DOGE) and Solana (SOL) are in red.
Although a comeback is expected, it is a bull market, after all. However, the bulls have their work cut out for them.
Meanwhile, Rebel Satoshi Arcade (RECQ), one of the new ICOs, is enjoying a period of rallying. It is almost sold out in the first stage of the ICO, suggesting potential and investor confidence. However, its continuous results in the ICO space isn’t guaranteed without getting ahead of oneself. Not to mention its results post-launch, considering the intense competition in the crypto space.
Nevertheless, the outcome of the ecosystem’s governance token, Rebel Satoshi (RBLZ), is a good look on the token, which already launched on Coinstore and Uniswap. But for Rebel Satoshi Arcade, fingers are crossed.
Rebel Satoshi Arcade presale sells out fast
Rebel Satoshi Arcade is a new ERC20 coin and an emerging crypto. Considering the sea of altcoins, it has a tough task ahead in breaking into the crypto market.
The presale recently kicked off, with almost 80% of the tokens sold out in the first stage at $0.0037, hinting at its potential. However, that isn’t enough to identify it as the best new crypto to invest in—far from it.
Probably until the presale sells out at a record pace. This might also not be enough, given the intense competition. Nevertheless, its unique offering points towards adoption.
According to the whitepaper, it embodies the rebellious and defiant spirit of Satoshi Nakamoto and Gay Fawkes. Its community-driven path toward decentralization will see it create an ecosystem that challenges established norms.
Hence, with an air of defiance, the ecosystem will include action-packed arcade games, NFT collections (9,999 unique digital collectibles), and merchandise. Its key attractions will be its play-to-earn, free-to-play, and pay-to-play thrilling arcade games.
Dogecoin trades on the downside
Dogecoin is one of the top crypto coins. In the meme ecosystem, it leads, while the rest follows.
Considering its humble origins—meme-inspired—Dogecoin has come a long way. Today, it is more than just a meme; it is a solid crypto asset. Given its leading status as a top 10 altcoin, some believe it is one of the best coins to invest in.
But popularity isn’t the same as profitability. This is a point worth keeping in mind while investing.
The latest market downturn saw Bitcoin and altcoins nosedive and Dogecoin wasn’t exempt. The bloodbath was felt across the entire market, with DOGE losing ground.
However, it might experience an upswing as the market shifts gears, especially with the Bitcoin halving just a few days away. Conversely, it might dip even further—the crypto landscape is too volatile to give financial advice.
As a result, we recommend doing your due diligence in your search for the best cryptos to invest in—DYOR.
Solana price declines
Solana’s latest price action reflects the broader market sentiment. While it had a remarkable first quarter, its performance in April is far from it.
In mid-March, Solana soared past $200. This pushed it closer to its all-time high (ATH) of $260, with the bulls within striking distance.
However, it entered choppy waters. The latest network outage caused by the soaring memecoin transactions and the market downswing pushed Solana into bearish zones.
While many might feel a Solana price comeback is imminent, the timing is uncertain. Irrespective of the bull run, the market cannot be accurately timed.
As a result, we always recommend carrying out your own research. While betting on green, the market can go sideways and vice versa.
Conclusion
As the market trades on the downside, Solana and Dogecoin are in red. Meanwhile, Rebel Satoshi Arcade experiences rising interest in presales. This new ICO is preparing to break into the crypto landscape and might be one of the altcoins to watch out for.
To learn more, visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.
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