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Amid a bearish trend for Dogecoin and Solana, Rebel Satoshi Arcade's new altcoin, which combines GameFi and nft, has sold most of its pre-sale tokens.
The new week got off to a rocky start, considering the tension in the Middle East over the weekend. Unsurprisingly, the cryptocurrency market plummeted. Major altcoins like Dogecoin (DOGE) and Solana (SOL) are in red.
Although a recovery is expected, it is a bull market after all. However, the bulls have their work cut out for them.
Meanwhile, Rebel Satoshi Arcade (RECQ), one of the new ICOs, is enjoying a recovery period. It is almost sold out in the first stage of the ICO, suggesting potential and investor confidence. However, your continued results in the ICO space are not guaranteed without getting ahead of yourself. Not to mention its post-launch results, considering the intense competition in the crypto space.
However, the result of the ecosystem governance token, rebel satoshi (RBLZ), is a good look at the token, which has already launched on Coinstore and Uniswap. But for Rebel Satoshi Arcade, we're keeping our fingers crossed.
Rebel Satoshi Arcade pre-sale sells out quickly
Rebel Satoshi Arcade is a new ERC20 coin and emerging crypto. Considering the sea of altcoins, it has a difficult task ahead of it to break into the cryptocurrency market.
The pre-sale started recently, with almost 80% of the tokens sold in the first stage at $0.0037, hinting at its potential. However, that is not enough to identify it as the best new cryptocurrency to invest in, far from it.
Probably until pre-sales sell out at a record pace. This may not be enough either, given the intense competition. However, his unique offering points toward adoption.
According to the whitepaper, it embodies the rebellious and defiant spirit of Satoshi Nakamoto and Gay Fawkes. His community-driven path to decentralization will allow him to create an ecosystem that challenges established norms.
Therefore, with a challenging feel, the ecosystem will include action-packed arcade games, nft collections (9999 unique digital collectibles) and merchandise. Its main attractions will be its exciting play-to-earn, free-to-play and pay-to-play arcade games.
Dogecoin is trading lower
Dogecoin is one of the leading cryptocurrencies. In the meme ecosystem, he leads, while the rest follow.
Considering its humble (meme-inspired) origins, Dogecoin has come a long way. Today it is more than a simple meme; It is a solid crypto asset. Given its leading status as a top 10 altcoin, some believe it is one of the best coins to invest in.
But popularity is not the same as profitability. This is a point worth keeping in mind when investing.
The latest market crash sent bitcoin and altcoins into a tailspin and Dogecoin was not exempt. The bloodbath was felt throughout the market and DOGE lost ground.
However, it could see a rally as the market turns around, especially now that bitcoin is set to halve in just a few days. On the contrary, it could fall even further: the crypto landscape is too volatile to give financial advice.
As a result, we recommend doing your due diligence in your search for the best cryptocurrencies to invest in: DYOR.
Solana price drops
Solana's latest price action reflects the broader market sentiment. While it had a notable first quarter, its performance in April is far from it.
In mid-March, Solana surpassed $200. This brought it closer to its all-time high (ATH) of $260, with the bulls within striking distance.
However, he entered troubled waters. The latest network outage caused by skyrocketing memecoin transactions and market crash pushed Solana into bearish zones.
While many may feel that Solana's price recovery is imminent, the timing is uncertain. Regardless of the bull run, the market cannot be timed precisely.
Therefore, we always recommend doing your own research. By betting on green, the market can go sideways and vice versa.
Conclusion
As the market trades lower, Solana and Dogecoin are in the red. Meanwhile, rebel satoshi Arcade is experiencing growing interest in pre-sales. This new ICO is getting ready to burst onto the crypto landscape and could be one of the altcoins to watch out for.
For more information, visit the official site. Rebel Satoshi website or contact Rebel Red via Telegram.
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