Bitcoin’s (BTC) Bloodbath Over; Pepe (PEPE) Sees Rising Interest; RECQ Presale Continues to Rocket
TLDR
- Bitcoin nears the $70,000 mark as selling pressure decreases.
- Pepe registered an all-time high in the past week.
- Rebel Satoshi Arcade approaches the end of presale stage two amid rising interest
The March high was followed by a bloodbath, which many believe is a much-needed correction. With the worst seemingly over, Bitcoin (BTC), the best cryptocurrency, has resumed its upward march. Also, Pepe (PEPE), one of the top altcoins, is seeing rising interest.
At the same time, Rebel Satoshi Arcade (RECQ), a top ICO, soars in presale. By this, we mean that over 70% of the tokens in the second ICO stage have sold out. While this might be a bullish indicator, it doesn’t necessarily make it one of the best coins to invest in.
What you'll learn 👉
Rebel Satoshi Arcade (RECQ): Soaring presale interest
Rebel Satoshi Arcade (RECQ) has been enjoying significant success in presale. It recently kicked off but the second stage is almost sold out, suggesting early interest. However, this only hints at its potential and hailing it as the best new crypto to invest in is too early.
Nonetheless, the rising presale interest can be linked to several factors. To begin, it is worth noting that the ecosystem has a dual token system. The first is Rebel Satoshi (RBLZ), a governance coin and RECQ, a utility and transactional token.
The success of RBLZ—which already launched on Uniswap and Coinstore—has been driving investors’ interest in RECQ. In addition, its vibrant ecosystem, which intersects with GameFi and NFTs, adds to its appeal, along with its low price.
In the second stage of the ICO, a token costs just $0.0044. Meanwhile, the community-driven ecosystem will include free-to-play, pay-to-play and play-to-earn arcade games, NFTs and merchandise.
Another layer of its appeal is its token supply of only 3 billion tokens and its vesting period. At the end of the presale, tokens will be airdropped to early investors over 4 weeks at 25% a week.
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Show more +Bitcoin (BTC): Is the bloodbath over?
It has been a wild ride downward since Bitcoin (BTC) registered an all-time high (ATH) earlier this year in March. Between the net outflows in spot BTC ETFs and macroeconomics, the flagship crypto tanked.
It retested $57,000 in early May—a far cry from its peak price of $73,700. However, it has regained momentum, nearing the $70,000 mark as the bloodbath seems to be over. The bulls predict further upside in the coming days and weeks.
Nevertheless, the bottom cannot be accurately called, with some analysts terming the latest jump a bull trap. This once again underscores the importance of carrying out personal research. Besides, this isn’t financial advice.
Pepe (PEPE): Rising interest
Pepe (PEPE), one of the best altcoins, is popular for its frog theme. It was inspired by an internet meme that gained popularity in the 2000s: Pepe the Frog. Despite its humble origins, it has risen to the ranks of the top crypto coins.
In the past week, it created an ATH amid a renewed meme craze. Undoubtedly, this caught the attention of many, boosting the number of token holders. While there has been a notable decline from its peak price, it remains on the upside nonetheless.
However, given the volatility of memecoins, a sustained bullish trajectory isn’t certain. Hence, we might likely see further price drops in the coming days as investors take profits. So, before deciding whether to buy or sell Pepe, do your research.
Conclusion
With Bitcoin’s bloodbath seemingly over and Pepe on the rise, Rebel Satoshi Arcade has also been reflecting broader market trends. It is experiencing massive accumulation, making the second presale stage almost sold out.
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