The popularity of the memecoin Pepe (PEPE) has sharply declined and it has fallen out of the list of the top 100 cryptocurrencies. Meanwhile, the new cryptocurrency Rebel Satoshi (RBLZ) is gaining popularity in the Web3 space: to date, more than $1 million has been raised during the ICO.
Pepe price drop from peak to trough
Earlier this year, Pepe (PEPE), a Pepe the Frog-themed memecoin built on the Ethereum blockchain, saw incredible growth. Pepe has fallen significantly in the cryptocurrency market rankings recently, from a high position to 112th place, and its price has fallen by 66%, currently at $0.00000142.
It all started when Pepe developers sent $15.7 million worth of tokens from the central wallet. This caused confusion in the Pepe community and members became less trusting of the system. If a project sells its assets, this could cause the community to start selling their coins as they may think the project might get scammed.
Despite the fact that the Pepe team came up with a story about “a few bad actors” within the team and tried to transfer the remaining tokens to a more secure wallet, trust in the project among investors remains less and less. After Pepe’s telegram account was hacked again, many began to doubt whether the price of the tokens would recover or not.
Many members of the crypto community, including EricCryptoman, have expressed their concerns about the future direction of the market. Experts like CryptoTony shared forecasts about the possibility of further correction. If Pepe moves beyond its current support, it could be at risk of falling even further.
Rebel Satoshi has become a quiet revolution in memecoins
While Pepe is facing problems, a new player, Rebel Satoshi (RBLZ), has emerged and managed to attract the attention of investors.
Since its inception, Rebel Satoshi has received widespread support because it brings together people who are committed to fighting harsh rules and gives them the opportunity to speak their minds.
RBLZ, Rebel Satoshi’s governance and membership token, is central to this mission. When you invest in RBLZ, you get a number of benefits as it gives you access to staking, NFT marketplace and play-to-earn (P2E) gaming.
Moreover, as an investor RBLZyou get a number of additional benefits, including access to 9,999 unique digital assets located in the Rebel NFT Vault.
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The Rebel Satoshi presale continues, with the asset price set at $0.02 per token as part of the 3rd round of the Rebel presale. More than 81% of the allocated tokens for this round have already been sold, and the presale has already raised more than $1 million.
The post-presale price is $0.025, and Bitcoin (BTC) and 50 other cryptocurrencies can be purchased on the platform.
The drop in the price of Pepe (PEPE) has the community a little worried, but the pre-sale of Rebel Satoshi (RBLZ) makes investors optimistic. The cryptocurrency market is constantly changing, just as the price of memcoins can experience high volatility.
Generally speaking, memcoin is a term used to describe digital assets that take inspiration from characters, people, animals, or works of art and are operated by online communities.
These coins are designed in such a way to attract the attention of gamers and those who are interested in the fun content of these coins. Investing in memcoins can be of great interest to investors as their price can rise and fall rapidly.
For the latest updates and more information, be sure to visit the official pre-sale site Rebel Satoshi or contact Rebel Red via Telegram.
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2023-12-30 06:14:00
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