What you'll learn 👉
TLDR
- The excitement around Monero’s ASIC miner has faded away as the network’s trading activity has declined sharply.
- News of a Monero token hack in September could have also affected XMR’s performance.
- RebelSatoshi ($RBLZ) has unveiled a meme coin ecosystem with lofty development goals.
Monero has disappointed investors with its recent performance despite the bullishness in the crypto market. Analysts say news of its recent hack could have dissuaded investors from its network.
Elsewhere, Rebel Satoshi ($RBLZ) is gearing up for the Rebel Round of its presale, where early backers will reap a 30% increase. Yet, can such growth make $RBLZ a top ICO project? Let’s hear what experts say.
Monero (XMR) Nosedives Amid Bullish November
Monero’s performance in November has been quite underwhelming despite the widespread bullishness in the crypto market. Analysts expected Monero’s (XMR) trading activity to rise following a new ASIC miner released by Bitmain.
Yet, its performance and on-chain metrics paint a different picture. XMR was trading at $171.64 on November 1. By November 22, XMR had fallen by 4.8% to $163.28.
Analysts pin Monero’s (XMR) performance drop on fears of security vulnerabilities around the network. On November 5, Monero (XMR) revealed a network hack and theft from its community wallet in September.
Experts say the news triggered fears of Monero’s (XMR) vulnerability and thus reduced its trading activity. They conclude that Monero might drop further due to the ongoing correction in the market over the past few days. If this happens, XMR could fall by 12.0% to $143.56.
Rebel Satoshi: Creating Blockchain Wealth Via Community Participation
Rebel Satoshi ($RBLZ) is a meme coin project that embodies the ideals and values of Bitcoin creator Satoshi Nakamoto. The project aims to rally like minds to fight the growing trend of centralization within the crypto community. What makes Rebel Satoshi more interesting is its approach to fighting centralization.
The project leverages meme coin culture to create a project that celebrates members, promoting them to fame and recognition. It also offers a collection of 9,999 thousand unique NFT pieces. Holders of these NFTs get special rights like access to exclusive events and important projects with Rebel Satoshi’s ($RBLZ) community.
RebelSatoshi ($RBLZ) also features a high-quality NFT marketplace where community members can trade valuable assets. Furthermore, other plans include creating a play-to-earn Rebel-themed game, which will increase earnings for players. All these developments are part of RebelSatoshi’s ($RBLZ) plan to get to a market capitalization of $100 million.
Now, Rebel Satoshi ($RBLZ) invites everyone to participate in its wealth-building network. The project just launched a blockchain ICO. Its current value is $0.010, as it just entered the Early Bird round of its presale.
By the Rebel Round, $RBLZ will jump by 30% to $0.013. Its exchange listings will happen when $RBLZ’s price reaches $0.025. Such an increase could make $RBLZ one of the best DeFi projects on the market.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram
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