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TLDR
- Solana witnesses another outage, the eleventh in two years
- Rebel Satoshi is preparing to promote DeFi through rebel-themed meme culture and launch its utility tokens on DEXs.
Outages have been Solana’s (SOL) Achilles’ heel despite being one of the best cryptos to invest in. On the other hand, investors have targeted the sweet gains of meme coin Rebel Satoshi ($RBLZ).
The early participants will realize 150% gains during the project’s soon-to-be-ending presale. Yet, with an imminent official launch and DEX listing, the gains are about to get sweeter.
For now, let’s cover the news for Solana before learning more about Rebel Satoshi.
Solana Experiences Major Outage For The First Time in A Year
Outages have been common for Solana since it launched in 2020. Yet, the developers successfully mitigated the problem, with Solana experiencing only one outage last year in February 2023.
The issue has recently emerged, lasting several hours, as it halted block production and impacted transactions. Crypto trading platforms like Upbit had to stop Solana-based deposits and withdrawals temporarily.
While it’s been a year since Solana endured this unfortunate event, it’s the eleventh outage in two years. Again, this has raised concerns about the blockchain’s stability and whether it can compete with other top crypto coins free of these issues.
Fortunately, the downtime didn’t drastically affect SOL’s value, although it has dropped 10% over the past few days from $106.44 to $95.40. Yet, SOL has been up 21% since January 23, 2024, when it was worth $79. Furthermore, forecasts imply it could surpass $120 by 2025.
Finally, let’s conclude by seeing what Rebel Satoshi has in store.
Rebel Satoshi is a rebel-inspired meme coin stepping up to eradicate the current financial mechanisms and promote decentralized finance (DeFi). The project wishes to change the narrative of only oppressive elites hoarding wealth. In doing so, this diverts the financial power back into the hands of righteous citizens.
Rebel Satoshi represents ordinary folks and past and present rebel-themed characters like rebels, warriors, monarchs, and recusants. While having revolutionary, far-reaching aspirations, it will celebrate these figures in the Rebel Artefacts Vault.
This enchanting NFT marketplace consists of 9,999 unique collectibles and digital art characters: 6,831 citizens, 2,000 rebels, 999 warriors, and 150 monarchs. The remaining figures are 19 recusants, the rarest of the bunch. Users holding the most $RBLZ tokens have the best chance to own these top NFTs to buy.
$RBLZ holders can also gain passive income from staking, maintaining blockchain security, promoting long-term holding, and ensuring high liquidity. Moreover, the coin has favorable tokenomics, with a fixed supply of 250 million. Half of this has been set aside for Rebel Satoshi‘s presale. Yet, the incredible demand has seen less than 1 million tokens remain since this event began in November 2023.
$RBLZ is worth $0.022 and will soon increase 13.6% to $0.025 in the final presale stage this week. Those who participated in the first round when the token was worth $0.010 have geared for 150% gains!
Yet, current buyers need not to fret. The Rebel Satoshi presale is expected to end on February 29, 2024. Afterward, the project officially goes live, listing $RBLZ on DEXs (decentralized exchanges). Experts have suggested the coin can rise much further than $0.025, placing even the latecomers in a favorable investing position!
For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram
Source: https://finbold.com/solana-sol-recovers-decently-following-downtime-investors-target-sweet-gains-on-rebel-satoshi-coming-dex-listing/