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- Avalanche is up 100% thus far in 2023
- Litecoin has failed to take off from the $70 level in 2023
- Rebel Satoshi draws investors in ongoing presale
Avalanche (AVAX) and Litecoin (LTC) are bullish in December, attracting investors. Concurrently, Rebel Satoshi (RBLZ), a new meme coin conducting its presale, is in focus.
Avalanche surges 100% in 2023
AVAX rose in 2023. On Jan. 1, it traded around $10.90 before peaking at $21.36 in February amid news of Avalanche facilitating more Bitcoin transfers than the Lightning Network.
After a period of decline, the rebounded in November following a $10 million investment into the Avalanche ecosystem by Colony Lab to support expansion.
By early December 2023, it had stabilized at approximately $21.81, representing a 100% rise this year.
Analysts attribute recent price gains to growing activity on Avalanche sparked by the Colony Lab funding.
Some predict AVAX could reach $24.31 by the end of December 2023. Longer-term forecasts based on expected increasing adoption peg its potential value at $54.14 by the end of 2025.
As activity on the network picks up, proponents highlight Avalanche’s technically advanced consensus protocol, capable of scaling to meet global financial demands, as a positive indicator for future growth.
Litecoin flatlines around $70
Litecoin has performed poorly thus far in 2023.
On Jan. 1, LTC was hovering around $70.00. It then gained bullish momentum in anticipation of its halving event in August.
As a result, the coin surged as high as $113.23 in July. However, it failed to maintain these gains before retracing.
By December, Litecoin had stabilized at around $71.60. This price means LTC has only gained 2.29% since the start of the year. As a result of this lackluster performance, some investors are diversifying and looking at alternatives.
According to experts, LTC will gain marginally to close 2023 at $73.95. In the long term, experts set the LTC prediction for the end of 2025 at $185.79.
Rebel Satoshi presale in progress
Rebel Satoshi is a new meme-themed crypto project that cultivates a decentralized community and ecosystem.
Its governance and membership token, RBLZ, entitles holders to participate in features like staking, NFTs, play-to-earn gaming, and community governance.
Rebel Satoshi sold out its Early Bird token sale round. As of December 2023, the project is in its Rebels Round 1 presale phase with RBLZ priced at $0.013. The target listing price once the presale concludes is $0.025.
Payments for RBLZ are accepted in over 50 cryptocurrencies, including Bitcoin, providing flexible options for contributors.
For the latest updates and information, visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.
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Source: https://crypto.news/can-this-new-crypto-outperform-avalanche-and-litecoin/