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Amid the recent decline in the cryptocurrency market, both Bitcoin (BTC) and Ethereum (ETH) saw their prices decline, causing a ripple effect across the entire cryptocurrency landscape. As BTC and ETH falter, altcoins like Rebel Satoshi (RBLZ) and Borroe Finance (ROE) show promise.
Bitcoin and Ethereum Prices Drop Amid SEC ETF Concerns
Bitcoin And Ethereum It recently witnessed a sudden drop in its prices. The reason for this decline was fears that the US Securities and Exchange Commission (SEC) might reject the proposal to create a Bitcoin spot exchange-traded fund (ETF).
Analysts expect that rejecting the proposal will lead to a decline of up to 20% in the price of Bitcoin. The decline in Bitcoin and cryptocurrency prices also affected Ethereum. Overall, all assets saw a decline of between 8% and 15%.
The decline in Bitcoin prices has been attributed to excessively leveraged positions, exceptionally high funding rates on Bitcoin futures, and high profit rates for short-term holders. Despite the decline, some analysts believe the crypto rally remains strong and that the approval of a spot ETF could lead to an increase in capital inflows into Bitcoin (BTC) and Ethereum (ETH).
Rebel (RBLZ) pre-sale
Satoshi the rebel It appears as a new cryptocurrency project that aims to challenge and decentralize the current financial system. The project takes inspiration from the avatars of Guy Fawkes and the pseudonymous creator of Bitcoin, Satoshi Nakamoto.
Rebel Satoshi is a DeFi platform that uses its RBLZ token as a central component. The token features a supply limit of 250 million and is designed with an emphasis on value appreciation.
Rebel Satoshi presents the Rebel NFT Vault, which houses nearly 10,000 unique collectibles and digital art figures.
Of these characters, the Renegade characters, available to only 19 wielders, are the rarest. Ownership of these tokens, along with exclusive privileges, is reserved for holders with the highest RBLZ holdings.
The pre-sale, priced at $0.010 per RBLZ, was fully subscribed within three weeks. Subsequently, Rebels Round 1, which offered participants the asset for $0.013 per token, sold out in 10 days, and Rebels Round 2, priced at $0.018, reached full buy-in.
Citizens Round 3 pre-sale is currently available at $0.02 per token. The RBLZ token is expected to be launched on decentralized exchanges (DEXes) in February 2024.
Join the Rebel Satoshi Presale
Borroe Finance (ROE) Pre-sale
Buro Finance It is currently going live in advance, and is aiming to establish itself as a prominent player in the Web3 space. Breaking away from the typical focus on yield farming in DeFi projects, Borroe Finance (ROE) differentiates itself by incorporating artificial intelligence (AI) to facilitate a new approach for Web3 entrepreneurs and creators to secure funds efficiently.
Using artificial intelligence, the platform matches business owners, creators and potential investors who can invest in these projects by acquiring digital collectibles, also known as NFTs.
The Borroe Finance Chain-style invoice discounting market provides a platform for creators and startups to issue NFTs that represent future income streams at ROE rates. The NFTs are then made available to community members at discounted prices.
The project is currently in its third pre-sale with a token price of $0.0175, and Borroe Finance’s blockchain platform has raised more than $2.2 million. Led by Web3 industry experts like Maxim Prishchepo and Michael Price, Borroe Finance aims to be a leader in the DeFi sector.
The project emphasizes transparency, as evidenced by BlockAudit-certified smart contracts. An open smart contract address allows people to review transactions, reinforcing a commitment to openness and integrity.
Visit Borroe Finance Presale
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