TLDR
- Filecoin (FIL) could recover to its March highs if the market goes green.
- Hedera’s (HBAR) community is abuzz over a new DeFi collaboration.
- RebelSatoshi’s ($RBLZ) community growth has surpassed expert predictions.
Filecoin (FIL) has released its network reports for Q2 2024. Hedera (HBAR) has entered a new DeFi partnership.
Still, all investor attention is moving to RebelSatoshi, a meme ecosystem with plans for the crypto industry. The project has gained many supporters since its $RBLZ coin completed a 150% presale growth. Yet, can $RBLZ become one of the top altcoins? Let’s discuss this.
Filecoin’s Positive On-chain Metrics Could Spur its Recovery
Filecoin (FIL) has disappointed many investors, falling below $6 in early May. Like other top crypto coins, Filecoin (FIL) was a top performer in March. It rose to highs of $10.41 as Bitcoin’s rise spurred a market bull run.
Shortly after Bitcoin’s halving, the market tanked, causing sharp price losses on Filecoin. FIL traded at $9.9654 at the end of March. A week later. FIL dropped by 14.75% to $8.4948. FIL remained bearish, falling by 30.11% to $5.9365 by the start of May.
Despite Filecoin’s (FIL) price fall, its community is excited over its network growth reports. Messari’s Filecoin report for Q1 2024 shows a 9% increase in active deals and a 5% utilization rate increase. Furthermore, TVL on Filecoin’s (FIL) Virtual machine has exceeded $600 million, recording a 2X quarter-on-quarter growth. Analysts say Filecoin’s growth could help FIL recover by 60.86% to $9.5500.
Hedera Welcomes Partnership with Archax Exchange
Hedera (HBAR) has recovered to $0.1 amid the widespread bearish pressures. Many currencies suffered from the market volatility of April. Hedera’s (HBAR) market capitalization had dropped by $1.8 billion in the final week of April.
HBAR traded at $0.1157 at the end of March. It fell by 32.48% to $0.07811 nearly three weeks later. HBAR recovered by 100.35% to $0.1565 before falling by 35.84% to $0.1004 in early May.
Hedera (HBAR) is getting increased investor interest following a recent partnership with Archax Exchange. On April 23, 2024, Achax announced it would expand its tokenized fund offerings in collaboration with Hedera (HBAR). Analysts say this will boost DeFi activity on Hedera (HBAR). It could also push Hedera’s HBAR token up by 54.88% to $0.1555.
Late April Bearishness Push Investors to RebelSatoshi
Many investors are fleeing into the arms of Rebel Satoshi as April ended with sharp price drops in the market. RebelSatoshi ($RBLZ) is a revolutionary meme coin with a fixed goal of improving decentralization in the digital asset sector. The project aims to inspire the creation of fully decentralized ecosystems by demonstrating the power of community-focused wealth building. RebelSatoshi also has a market capitalization target of $100 million.
The project incorporates NFT trading, coin staking, and arcade gaming to supercharge wealth creation in its ecosystem. Its NFT collection offers high-value collectibles that help tell Rebel Satoshi’s ($RBLZ) story. Furthermore, trading activity among NFT holders will help contribute to wealth generation for community members. RebelSatoshi also offers coin staking for its $RBLZ governance coin.
RebelSatoshi’s ecosystem uses a second token, $RECQ, for utility purposes. $RECQ is the token for payments, transactions, fees, and rewards. Furthermore, arcade gaming services on RebelSatoshi are only available to $RECQ holders. These services have increased demand for RebelSatoshi tokens. $RBLZ completed its blockchain ICO, raising 150% interest for community members.
It is now live on Uniswap, DEXTools, Coinstore, and CoinGecko. RebelSatoshi’s $RECQ utility coin is now in stage one of its presale. Its current value is $0.0037 after jumping by 85% from its previous price of $0.0020. Many investors are scrambling to capitalize on the coming 18.91% increase in the next stage of $RECQ’s presale.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram
