Expert Believes Ethereum Could Rally Upwards: Here Are The Best Alternative Picks

Ethereum (ETH) could return to $3,500. Bitcoin Cash (BCH) could also recover due to Bitcoin’s recent increase. Sui’s network activity is rising.  RebelSatoshi’s $RECQ coin has become one of the most attractive new tokens. Ethereum (ETH) spot ETFs could get approval in late May. Bitcoin Cash’s margin futures have increased its market attention. Sui’s popularity [...]

May 22, 2024 - 14:05
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Expert Believes Ethereum Could Rally Upwards: Here Are The Best Alternative Picks
  • Ethereum (ETH) could return to $3,500.
  • Bitcoin Cash (BCH) could also recover due to Bitcoin’s recent increase.
  • Sui’s network activity is rising. 
  • RebelSatoshi’s $RECQ coin has become one of the most attractive new tokens.

Ethereum (ETH) spot ETFs could get approval in late May. Bitcoin Cash’s margin futures have increased its market attention. Sui’s popularity will rise following a recent partnership.

RebelSatoshi is changing the narrative around meme coins by offering an ecosystem with equitable wealth distribution. The network provides coin staking and arcade gaming services. Yet, can RebelSatoshi become one of the top DeFi projects? Keep reading.

Ethereum Spot ETFs Dominate News Headlines

The market is abuzz as the deadline for approving Ethereum (ETH) Spot ETFs is approaching. By May 25, The Securities and Exchange Commission has to decide whether to approve or refuse three spot Ethereum (ETH) ETF applications. 

The excitement around the applications comes amid Ethereum’s (ETH) stagnation around the $3000 mark. ETH traded at $3,311 in early April. Three weeks later, ETH dropped by 7.61% to $3,059. It fell by 2.32% to $2,988 in early May before recovering by 1.63% to $3,037 nearly two weeks later.

Many analysts say approval of spot Ethereum (ETH) ETFs will bring more institutional traders to its network. Already, DeFi activity on Ethereum (ETH) has increased following its recent Dencun upgrades. These factors could push Ethereum’s ETH token up by 13.55% to $3,4488.

Rebel Satoshi’s $RECQ Coin Sets a New Growth Standard Following its 120% Increase

Rebel Satoshi is an innovative meme coin project bent on changing the crypto sector. The project’s focus includes causing an ideological shift by demonstrating how communities can use DeFi services to generate equal wealth opportunities. Like many, Rebel Satoshi notes the wane of fully decentralized communities over the past few years. Its ecosystem aims to be a guiding light that will help communities return to principles of decentralization. 

Rebel Satoshi also aims to stand tall in the financial space by setting a market capitalization target of $100 million.The project features a two-token economy. Rebel Satoshi uses $RBLZ for governance and membership purposes. Its holders can vote and influence decision-making on the network. This helps Rebel Satoshi achieve its aims of greater decentralization. 

$RBLZ holders can also engage in its coin staking offers. The platform pays sizable financial rewards to community members for boosting network security by staking their coins. Rebel Satoshi’s second token is $RECQ. It is the utility coin of the Rebel Satoshi ecosystem. $RECQ is for fees, transactions, payments, and access to Rebel Satoshi’s arcade gaming services. 

Now trading at $0.0044, $RECQ is in stage two of its presale. Its value has grown by 120% since the early bird stage of its presale. $RECQ will jump by another 25% to $0.0055 when it enters stage three. Its growth will also exceed levels set by $RBLZ, which increased by 150% by the end of its blockchain ICO. $RBLZ is now available on Uniswap, DEXTools, CoinGecko, and Coinstore.

Bitcoin Cash‘s Community Jubilates Over its Margined Futures Listing

Bitcoin Cash (BCH) holders are disappointed over its recent stagnation. Demand for top crypto coins remained high in March, pushing Bitcoin Cash to $700. Many analysts predicted a continuation of Bitcoin Cash’s (BCH) rally. 

Yet Bitcoin Cash (BCH) fell considerably, losing $3 billion in market capitalization since May. BCH traded at $695.16 in early April. It fell by 27.29% to $505.44 in the final week of April. BCH dropped by 14.93% to $429.97 in early May before recovering by 7.94% to $464.12 two weeks later.

Bitcoin Cash (BCH) continues to gain popularity despite its recent price decline. In April, Coinbase Derivatives announced support for margined Bitcoin Futures. The move indicates rising demand for Bitcoin Cash (BCH). Furthermore, it could push Bitcoin Cash’s BCH token up by 16.78% to $542.04.

Sui Welcomes a Partnership with Pinata Bot

Sui has lost over 50% value from its March highs of $2. Like other top altcoins, Sui suffered from the bearish decline of April. Bitcoin’s halving preceded a market tumble that wiped off significant gains from Sui. Onchain reports show that Sui’s market capitalization recovered by $1 billion since the end of April. 

Yet, its price has remained in the red zone. SUI traded at $1.9397 in early April. It fell by 29.38% to $1.3698 in mid-April. SUI dropped by 16.31%, reaching $1.1463 at the start of May. It then fell by 13.51% to $0.9914 two weeks later.

Sui has taken a step toward increased interoperability via its partnership with Pinata bot, a non-custodial telegram app. The partnership will allow the transfer of coins, NFTs, and other crypto assets on Sui via the telegram app. This will boost Sui’s popularity, while pushing its price up by 84.84% to $0.1502.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram

 

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