TLDR
- Solana (SOL) chain experiences increased investor interests as BONK whales set up an on-chain Investment fund, prompting predictions of a SOL to surge to $112 soon.
- SEC again extends the decision timeline for Blackrock’s spot Ether ETF application to March 10 as Ethereum (ETH) prices inch upwards.
- An emerging meme coin, Rebel Satoshi ($RBLZ), promises 150% returns for Early Bird Investors; top ICO analysts say it is the best crypto for beginners.
Amidst the recent market consolidation where ETH and SOL have maintained their dominance, a new contender has emerged with the potential to surpass these top crypto coins. Further data gathered from top ICO lists shows that market analysts are now touting this meme coin as the top contender for the project to beat in February. Let us dive ahead to get the latest insights on ETH, SOL, and this wonder coin.
Will the SEC’s Latest Decision Drive a Surge for ETH?
The Block revealed on January 24 that the SEC had moved up the deadline for deciding on BlackRock’s proposed spot Ethereum ETF to March 10. The Commission decided that more time was needed to fully evaluate the proposed rule change. As a result, by March 10, the SEC must decide whether to approve, reject, or take additional action regarding the proposed fund.
ETH prices increased marginally by 6.74% from $2,233.56 on January 24 to $2,423.75 on February 7 despite this delay. Experts in the field believe that more activity on the chain will support ETH’s upward trajectory. Thus, by the end of March, prices are expected to reach $2,600.
On the other hand, James Seyffart, an ETF analyst for Bloomberg Intelligence, predicts that the delays in spot Ethereum ETF proposals will probably persist. As a result, some Ethereum investors are now persuaded that by mid-March, ETH prices could fall as low as $2,010.
BONK Whales Set Up Innovation Fund for Solana-Based Projects
CoinDesk revealed on February 1 that Bonk DAO decided to set aside $500,000 for an early-stage startup fund out of its treasury. A 12-person council of prominent Solana ecosystem members oversees $124 million in BONK tokens, making up the DAO. The purpose of this fund is to provide funding for initiatives that enhance the Solana blockchain.
Following this news, the price of SOL saw a 3.20% rise after this encouraging announcement, closing at $100.98 on February 5 after starting at $97.85 on February 1. According to forecasts made by Solana experts, there should be a 17.5% increase in SOL’s price, pushing it over $105 and landing at $112 by the end of February.
However, a few other Solana specialists have voiced worries about declining activity on Solana as well as the generally bearish outlook for the market. They forecast that in the next fortnight, SOL’s prices will decline to retest the $79 lows from January. Significantly, however, analysts closely monitoring other projects have predicted that the emerging memecoin $RBLZ has enormous upside potential in the upcoming months.
Rebel Satoshi Emerges The Best ICO of February as Recusants Round 5 Begins
After being named the most notable initial coin offering of 2023, Rebel Satoshi is now in a position to become one of the most well-known altcoins of 2024. Through its native token, $RBLZ, Rebel Satoshi hopes to usher in a new era of decentralization to foster a community of rebels and challenge centralized systems.
At $0.024 per token, $RBLZ is presently in the Recusants Round 5 of its presale. It is expected that this Round will culminate in the launch of Rebel Satoshi’s $RBLZ token after its presale ends on February 29. Upon Rebel Satoshi‘s DEX launch, early $RBLZ investors stand to earn a substantial 140% return on their investment.
In addition, holders of $RBLZ can look forward to special benefits and the chance to take part in the Rebel Satoshi ecosystem. Due to the February 2024 launch date of $RBLZ, there isn’t much longer for potential participants to sign up for the ongoing presale. Participants in the $RBLZ presale can take advantage of Bitcoin and fifty other popular altcoins. You might lose out on the chance to catch the Rebel Satoshi hype train if you wait. For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram
