TLDR 2.14 million BNB have been removed from circulation in the token’s 26th quarterly burn event.Ethereum surged and dropped by 22% in value despite recent Bitcoin ETF approval and ETF speculation for Ethereum.Participants for the new meme coin Rebel Satoshi are poised for incredible growth as the project’s presale comes to a close.BNB (BNB) has undergone a significant milestone through a quarterly burn process, showing Binance’s commitment to have the token remain in the top 10 altcoins .Meanwhile, Ethereum Classic (ETC) has surged amid ETF (exchange-traded fund) discussions.
Yet, Rebel Satoshi ( $RBLZ ) is the talk of the town with its distinctive rebellious meme coin .Participants look forward to the project’s imminent launch next month.
Let’s first cover the latest developments for BNB and Ethereum Classic before diving deeper into Rebel Satoshi .
BNB Undergoes 26th Quarterly Burn Event The BNB Foundation has initiated the 26th quarterly burn event for BNB.It ‘burned’ or removed about 2.14 million tokens from circulation, equivalent to roughly $636 million .
The event occurred using Binance’s Auto-Burn mechanism, offering transparency and an objective process.
Binance is no stranger to ‘burning’ tokens to foster long-term value appreciation for BNB.The BNB Chain also has a Real-Time Burn mechanism, which reduces BNB’s supply by burning a portion of gas fees in real time.Binance has burned over 52.4 million BNB since launching in 2017.The next quarterly Auto-Burn will happen in the Q2 of 2024 .
BNB is up 7% from $289 to $310 over the past few days, not far from the yearly high of $335 .What’s more, bullish forecasts generally expect BNB to surpass $400 by the end of 2024.
Ethereum Classic Dips 22% Amid ETF Speculation Ethereum Classic is somewhat of a ‘sleeping giant’ when considering top crypto coins .
It springs to life the most with any major developments connected to its counterpart, Ethereum .Amid the recent approval of several Bitcoin ETFs by the SEC (Securities and Exchange Commission), ETC surged an unexpected 79% from $18.18 to $32.52 .
Ethereum enthusiasts have long wondered when their project will also have SEC-approved ETFs.
Yet, the Chair Gary Gensler has clarified that green-lighting BItcoin ETFs doesn’t mean they’ll give Ethereum the same treatment.
Despite Ethereum ETF speculation, ETC has dropped 22% to $25.25 .The value will likely pick up with the upcoming ‘ Spiral ‘ hard fork on January 31, 2024.
Long-term forecasts imply that ETC could exceed $75 by the end of this year.
Finally, let’s learn more about Rebel Satoshi .
Rebel Satoshi Participants Are in Prime Position for Impressive Gains Rebel Satoshi has raised over $1.5 million in its fast-moving presale .With the objective to hit a $100 million market cap , early participants stand to gain returns multiple times over their initial investments.
Rebel Satoshi is an unconventional meme coin that will advocate for decentralized finance and rebel against the oppressive monetary status quo.It channels the defiant spirits of Satoshi Nakamoto , Guy Fawkes , and other rebellious figures.
Rebel Satoshi is also a community-building initiative, galvanizing fellow rebels through playful engagement and offering structures to foster a norm-challenging attitude.Despite having unrealized revolutionary ambitions, Rebel Satoshi is also a celebration of rebelliousness.
One way is with the Rebel Artefacts Vault, with 9,999 of the coolest NFTs in the form of collectibles and digital art characters like Recusants, Warriors, and Citizens.
The medium of exchange for this marketplace is the $RBLZ token, which also offers excellent returns through staking .
It’s an Ethereum-based token with a capped supply of 250 million .
Like BNB, it’s deflationary as any unsold tokens following the presale will be burnt (also a symbolic nod to Fawkes).Speaking of which, the presale will conclude next month.
$RBLZ has witnessed a 120% uptick since the first round, from $0.010 to $0.22 in the last round.It will increase 13.6% to $0.025 once the presale concludes, with the potential to rise more once Rebel Satoshi goes live!
For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram
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