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Rising defi activity on Solana and potential recovery for Avalanche, coupled with RebelSatoshi’s RECQ token’s 85% surge, signal a dynamic shift in the crypto market.
Solana’s (SOL) community is excited over upgrades on one of its largest defi protocols. Avalanche will also facilitate the transfer of tokenized assets on Homium.
RebelSatoshi’s growth could skyrocket due to the growing demand for memecoins in 2024. Unlike other meme networks, RebelSatoshi will allow coin staking, NFT trading, and play-to-earn gaming.
Solana welcomes Jito’s upgrades
Solana’s community is abuzz following a new upgrade on Jito, one of its top liquid staking pools. On April 16, Jito announced an upgraded UI for StakeNet’s validator history. StakeNet allows liquid staking pools on Solana to operate intelligently and separately.
Excitement around the announcement could help boost Solana’s recovery. SOL traded at $170.02 in the third week of March. By month’s end, it surged by 19.32% to $202.87. SOL fell by 14.50%, reaching $173.44 in the second week of April. However, it fell by 21.42% to $136.28 a few days later.
Solana’s sharp drop coincides with Bitcoin’s fall in mid-April. Top crypto coins like Solana rallied considerably in March. However, Bitcoin’s fall to $61,000 in mid-April weakened Solana’s momentum. Analysts say SOL could rise by 23.18% to $167.88 if its defi activity soars further.
Avalanche announces new partnership with Homium
Avalanche (AVAX) has fallen to the $30 region, wiping out gains from mid-March. The market bullishness of March 2024 affected several digital assets, including Avalanche. On-chain reports show that Avalanche’s market capitalization soared to $22.90 billion in March.
However, Avalanche lost bullish momentum in April following the sudden market downturn. AVAX traded at $42.86 at the start of March. Nearly three weeks later, AVAX soared by 41.60% to $60.69. It dropped by 15.22% to $51.45 at the start of April before a 32.41% decline to $34.77 two weeks later.
Avalanche could recover due to excitement around its new defi partnership. On April 16, Avalanche announced that Homium will leverage its technology to offer tokenized home equity loans. The partnership indicates growing interest in Avalanche’s tokenization services. It could further push AVAX’s value up by 42.66% to $49.59. This could make AVAX one of the best cryptocurrency investments.
Rebel Satoshi joins the memecoin race
Rebel Satoshi is a new face in the meme coin sector. It comes at a time when investor demand for meme coins has surged considerably. RebelSatoshi features an ecosystem whose values center around enshrining decentralization in the crypto industry. The project’s community wealth creation means are geared towards this end. It aims to enrich community members while encouraging other communities to follow Rebel Satoshi’s ways.
Like most new crypto projects today, RebelSatoshi incorporates NFT characters that help share its story. Furthermore, these NFTs are part of the project’s unique 9,999 pieces, which holders can trade in exchange for profits. RebelSatoshi also offers a chance to participate in the security mechanisms of its ecosystem via coin staking.
Community members can stake RebelSatoshi’s RBLZ coin, earning high APY rewards, which depend on the selected lockup duration. RBLZ also bestows voting rights on its holders. Another way RebelSatoshi generates financial value for community members is play-to-earn gaming. Its arcade offers blockchain games that offer financial value. However, users can access RebelSatoshi‘s arcade services through its recently released RECQ coin.
RECQ is the second token in RebelSatoshi’s ecosystem. It is yet to go live. Following its recent 85% jump, RECQ has entered stage one of its presale, now trading at $0.0037. By stage two of its presale, RECQ’s value is expected to jump to $0.0044. Many investors believe that RECQ’s returns will be similar to RBLZ, which raised 150% interest in its concluded presale.
For the latest updates and more information, visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.
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This article first appeared at crypto.news
