What you'll learn 👉
TLDR
- Injective removes $213,000 in INJ through weekly buy-back ‘burn’ auction.
- Crypto analytics platform Messari highlights the excellent performance of Stacks in the latest Q4 2023 report.
- A growing community continues to join Rebel Satoshi, which is about to launch and begin reshaping the crypto landscape.
Injective (INJ) and, in particular, Stacks (STX) have remained at their monthly highs. On the one hand, Injective (INJ) has a noticeable ‘burn’ event while Stacks fires on all cylinders based on its Q4 2023 report.
Meanwhile, the new Rebel Satoshi ($RBLZ) presents the potential for a soaring valuation, given the imminent conclusion of the project’s fast-selling presale. Keen investors have secured their spot in this rebellious meme coin launching next month.
Learn more later about getting involved as we first look at the current news for Injective and Stacks.
Injective Burns $213,776 Worth Of INJ On Valentine’s Day
Despite having an inflationary supply, Injective has undergone countless burn events to preserve INJ’s value since 2021.
The blockchain implements a ‘buy-back’ and burn auction every Wednesday for 60% of the fees it collects across the many decentralized apps in its ever-growing ecosystem. To date, Injective has burned over $200 million in INJ. The platform’s latest burning occurred on February 14, 2023, removing 6,200 INJ (equating to $213,776).
In other significant news, Injective, in collaboration with Solana, has released the first-ever omnichain domain service. This will allow users to use ‘.sol’ domains across Injective and ‘.inj’ domains across Slana.
With these developments, INJ has risen 20% on the charts, from a monthly low of $30.39 to $37.14. Furthermore, predictions see INJ surpassing $55 by 2025.
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Show more +Messari Releases Excellent ‘State of Stacks Q4 2023’ Report
Stacks has shown no let-up in adoption over the past few years, making it one of the best altcoins to invest in. STX has reached a yearly high of $2.80 (dropping to $2.43), representing a 94% rise since the start of 2024 when STX was worth $1.44.
The surge in STX is due to a combination of positive sentiment around Bitcoin, innovative partnerships, anticipation of the Nakamoto upgrade, and the project’s standing among the top DeFi projects.
It’s these factors that crypto analytics platform Messari has highlighted in its ‘State of Stacks Q4 2023‘ report. The findings highlighted the growth of Stacks in numerous areas like revenue, the STX market cap, and total value locked.
Forecasts expect Stacks to maintain this consistent performance, predicting that STX can easily exceed $5 by 2025.
Finally, let’s look at Rebel Satoshi and how it looks poised for the moon!
A Decentralized Monetary Revolution Is About to Begin With Rebel Satoshi
Rebel Satoshi is an eccentric meme coin seeking to challenge the modern oppressive financial system, carrying out a much-awaited movement to transfer wealth from the elites to the majority.
Thousands of rebels globally have secured their place in Rebel Satoshi‘s goal for a decentralized monetary revolution. The growth of this community will help the project reach the goal of $100 million in market cap. This will make Rebel Satoshi a top ten cryptocurrency in the meme coin space and help reward the participants.
The expected benefits include the Rebel Meme Hall of Fame, a community gallery displaying the best user-submitted rebel-inspired memes. The Rebellion Secret Council is another exclusive part of Rebel Satoshi, where members gain insider updates and governance power to steer the meme coin’s future.
Rebel Satoshi‘s presale is the final hurdle for the crypto rebellion that lies ahead. The key to enjoying the mentioned perks (along with staking rewards and access to the Rebel NFT Vault marketplace) is owning the $RBLZ coin.
$RBLZ is worth a low $0.024 in the final round of the presale, having risen 140% since it traded for $0.010 in the first round. The presale will end on February 29, 2024, after which Rebel Satoshi goes live and lists $RBLZ on exchanges for $0.025.
If history is anything to go by, $RBLZ can easily surge further. So, now is the best time to own $RBLZ and join Rebel Satoshi‘s mission of redefining the crypto landscape!
For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
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