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TLDR
- Decentraland has plunged 14% so far in 2024, and more losses are in store.
- Filecoin has dipped 25% thus far in 2024, and the downtrend is set to persist.
- Rebel Satoshi has gained 120% thus far during its ongoing public presale.
After recording massive gains in the fourth quarter of 2023, top crypto coins like Decentraland (MANA) and Filecoin (FIL) have performed unsatisfactorily thus far in 2024. Meanwhile, Rebel Satoshi ($RBLZ), an emerging meme coin, has become a sensation in the crypto space after securing over $1.5 in funding in under three months.
Which cryptocurrency has the best growth trajectory between Decentraland, Filecoin, and Rebel Satoshi? Let’s find out!
Decentraland Has Shed 14% Thus Far in 2024: Bulls Coming Soon?
Decentraland has performed deplorably over since the start of the year. On January 1, MANA was changing hands at around $0.5209. After trading sideways for days, MANA plunged sharply on January 3 after Bitcoin triggered a flash crash amid fears of the SEC rejecting spot Bitcoin ETFs.
This bearish sentiment saw MANA trade as low as $0.3981 on January 8. However, the January 10 news of the SEC approving 11 spot Bitcoin ETFs saw MANA recover partially to trade around 0.4956 on January 12. As the excitement around the approval of spot Bitcoin ETFs faded, MANA turned red again.
By January 22, MANA had stabilized at around $0.4454. This price means Decentraland has plunged 14.49% since the start of 2024. Per experts, the underdeveloped metaverse will see MANA plummet further to close 2024 at $0.4160. This forecast effectively adds Decentraland to the list of altcoins to watch!
Filecoin Is Down 25% So Far in 2024: Is a Resurgence Imminent?
Filecoin has performed dismally since thus far in 2024. On January 1, FIL was hovering around $6.93. However, as investors took profits from the 2023 bull run that saw Filecoin make moon shots, FIL started retracing its growth. To be precise, the profit-taking spree saw FIL trade as low as $5.10 on January 8.
Fortunately, the January 10 news of the SEC greenlighting 11 spot Bitcoin ETFs triggered a marketwide bullish sentiment that saw FIL surge to $6.50 on January 11. As the buzz about this development faded, FIL started pulling back. By January 22, FIL had leveled off at around $5.14. This price means Filecoin has dumped a whopping 25.83% so far in 2024.
This lackluster performance has left investors asking, is FIL a top crypto to invest in? According to analysts, Filecoin will continue its downtrend to hit $4.32 by the end of the year. Analysts base this prediction on investors liquidating their FIL holdings to invest in high-potential tokens with low entry points.
Rebel Satoshi Gains More Steam After Starting Monarchs Round 4!
Rebel Satoshi, a new meme coin that follows in the footsteps of rebellious figures like Satoshi Nakamoto and Guy Fawkes, has become the center of attraction in the crypto space after completing the first four rounds of its presale in under three months. During the same period, Rebel Satoshi has secured over $1.5 million in funding.
$RBLZ, Rebel Satoshi’s governance and membership token, has played a significant role in the project’s rapid growth. Specifically, $RBLZ offers investors access to the entire Rebel Satoshi ecosystem, which comprises an NFT marketplace, a stake-to-earn program, and a P2E game.
By January, Rebel Satoshi was progressing with Monarchs Round 4 of its ongoing presale, with $RBLZ going for $0.022. So far, $RBLZ is up 120% from the Early Bird Round price of $0.010. Notably, this yield will increase to 150% when $RBLZ attains its listing price of $0.025.
Investors that join Monarchs Round 4 will realize a 13.64% ROI when $RBLZ hits $0.025. Interestingly, analysts believe $RBLZ will soar meteorically when it gets listed on top decentralized exchanges in February. This forecast makes $RBLZ the best cryptocurrency to invest in today!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/new-to-crypto-here-are-the-top-3-easiest-and-most-profitable-coins-to-invest-in-this-year/