TLDR
- Bitcoin declines 5.02% after halving event. Analysts predict 161.72% BTC upturn.
- Rebel Satoshi grows in popularity as $RECQ presale advances with promising returns.
Recent data reveals a significant Bitcoin (BTC) miner revenue downturn, marking its lowest levels since early 2023. Concurrently, the spotlight has shifted towards Rebel Satoshi’s $RECQ presale investors, whose continued bulk purchases highlight a distinct narrative within the crypto community.
Is this beginner cryptocurrency the next crypto giant? We seek to find out.
Bitcoin’s Puell Multiple Dips Post BTC’s Halving
Bitcoin’s “Puell Multiple,” which shows how profitable mining BTC is, dropped quickly after Bitcoin’s halving event on April 19 and April 20, 2024. This happened because the number of new Bitcoins miners get for solving a block got cut in half. A high Puell Multiple means miners can make more money and might sell more BTC.
On the other hand, a low Puell Multiple means some miners might stop mining because it’s not as profitable, which can make it better for the ones still mining. On the day of the halving, BTC miners made about $106 million, mainly because of a new system called Runes, which helps make fungible tokens on the Bitcoin blockchain. This caused a big rush to use Bitcoin, driving the fees to over $100 per transaction. However, fees are back to normal, and miners are making about $28.5 million daily.
So, how is Bitcoin performing post-halving? Between the halving date and the end of April, BTC fell from $63,843.57 to $60,636.86, indicating a 5.02% downturn. Is this a Bitcoin crash, or will BTC rebound from this downward sentiment? Analysts say Bitcoin could trade at $158,698.01 by Q4 2024, marking a 161.72% uptick from $60,636.86.As such, interested investors would have to participate in a waiting game to see if the same comes to fruition.
Rebel Satoshi’s RECQ Presale: The Hottest Ticket in Crypto Town
The buzz surrounding Rebel Satoshi’s $RECQ presale is intense. Consequently, it’s being hailed as one of the hottest new ICOs in the market, sparking a frenzy among investors and catapulting Rebel Satoshi into the crypto spotlight. Rebel Satoshi’s dual-token system is like its secret weapon in the battle against traditional finance, geared towards shaking things up with a decentralized, community-driven vibe. It’s all part of their master plan to make the economic playing field more inclusive and fun.
After the wild success of Rebel Satoshi’s first token, $RBLZ, which flew off the shelves with a 150% price hike during its presale, all eyes are now on the $RECQ presale. $RECQ is touted as the engine that keeps the Rebel Satoshi machine running smoothly, greasing the wheels for transactions and dishing out rewards for community involvement. Of course, this got people talking. With $RECQ leaping from $0.0020 to $0.0037, the crypto world can’t get enough.
And here’s the cherry on top: with a launch price target of $0.0125, the $RECQ presale promises a juicy 237% return on investment (ROI), solidifying its place as one of the top DeFi projects in 2024.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram
