Budding Altcoins To Watch as Bitcoin And Ethereum Falter
The following content does not constitute the opinion of BeInCrypto and should not be construed as financial advice
Amid a recent downturn in the cryptocurrency market, both Bitcoin (BTC) and Ethereum (ETH) have experienced a decline in their prices, causing a ripple effect across the entire crypto landscape. As BTC and ETH falter, altcoins like Rebel Satoshi (RBLZ) and Borroe Finance (ROE) show promise.
Bitcoin and Ethereum Prices Plunge Amid SEC ETF Concerns
Bitcoin and Ethereum have recently experienced a sudden decline in their prices. The decline was triggered by fears that the US Securities and Exchange Commission (SEC) would reject the proposal for a Bitcoin spot exchange-traded fund (ETF).
The rejection of the proposal could lead to a decline of up to 20% in BTC price, analysts predict. The decline in Bitcoin and crypto prices has also affected Ethereum. Overall the assets have all experienced a drop of between 8% and 15%.
The decline in BTC prices has been attributed to overleveraged positions, exceptionally high funding rates on Bitcoin futures, and high-profit rates of short-term holders. Despite the decline, some analysts believe that the crypto rally is still solid and that the approval of a spot ETF could lead to a surge of capital inflows for Bitcoin (BTC) and Ethereum (ETH).
Rebel (RBLZ) Presale
Rebel Satoshi emerges as a new cryptocurrency project with a goal of challenging and decentralizing the existing financial system. The project takes inspiration from the symbolic figures of Guy Fawkes and the pseudonymous creator of Bitcoin, Satoshi Nakamoto.
Rebel Satoshi is a DeFi platform utilizing its RBLZ token as a central component. The token features a capped supply of 250 million and is designed with a focus on value appreciation.
Rebel Satoshi introduces a Rebel NFT Vault, housing almost 10,000 unique collectibles and digital art characters.
Among these, the recusant characters, available to only 19 holders, are considered the rarest. Ownership of these tokens, along with exclusive perks, is reserved for holders with the highest RBLZ holdings.
The presale, priced at $0.010 per RBLZ, was fully subscribed within three weeks. Following this, Rebels Round 1, which offered participants the assets for $0.013 per token, sold out in 10 days, and Rebels Round 2, priced at $0.018, also reached full subscription.
The ongoing Citizens Round 3 presale is currently available at $0.02 per token. The RBLZ token is expected to go live on decentralized exchanges (DEXes) in February 2024.
Borroe Finance (ROE) Presale
Borroe Finance is presently conducting its live presale, aspiring to establish itself as a prominent player in the Web3 space. Diverging from the typical focus on yield farming in DeFi projects, Borroe Finance (ROE) distinguishes itself by integrating artificial intelligence (AI) to facilitate a novel approach for Web3 entrepreneurs and creators to secure funds efficiently.
Utilizing AI, the platform matches business owners and creators with potential investors who can invest in these projects by acquiring digital collectibles, also known as NFTs.
The Borroe Finance chain-style invoice discounting marketplace provides a platform for creators and startups to issue NFTs representing future income streams at ROE prices. These NFTs are then made available to community members at discounted rates.
The project is currently in its third presale phase with a token price of $0.0175, Borroe Finance’s blockchain platform has raised over $2.2 million. Led by Web3 industry veterans like Maxim Prishchepo and Michael Price, Borroe Finance is aiming to be a frontrunner in the DeFi sector.
The project emphasizes transparency, as evidenced by its BlockAudit-certified smart contracts. The open smart contract address allows people to review transactions, further reinforcing the commitment to openness and integrity.
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