This Expert Believes Bitcoin Holders Are Selling And Could Be Buying Rebel Satoshi ($RBLZ) On Uniswap DEX
In Brief
Rebel Satoshi, an emerging meme coin that seeks to challenge centralization in the crypto industry, has become a top pick among experienced investors after raising $2.5 million during its public presale
TLDR
- Glassnode reveals that long-term Bitcoin investors have started taking profits.
- Rebel Satoshi attracts more investors after getting listed on Uniswap and Coinstore.
As the crypto market continues performing well, Glassnode believes Bitcoin (BTC) HODLers have started taking profits from the current bull market. Meanwhile, Rebel Satoshi ($RBLZ), an emerging meme coin, has become the best cryptocurrency to invest in after generating a 150% presale ROI.
Why are investors selling Bitcoin and purchasing Rebel Satoshi? Read on to discover!
Glassnode Data Reveals That Bitcoin Holders Have Started Cashing Out!
Long-term Bitcoin HODLers have started liquidating their assets to take profits from the recent bull rally that saw BTC set a new all-time high of $69,170.63 on March 5. According to Glassnode, an on-chain market intelligence firm, long-term investors have distributed over 480,000 BTC since December 2023.
Per Glassnode’s lead analyst, James Check, approximately 50% of the old BTC started changing hands in the past three months. James further revealed that these coins came from the Grayscale Bitcoin Trust (GBTC). These outflows came after GBTC converted into a spot Bitcoin ETF on January 11.
As of March 7, BTC had pulled back and stabilized at around $67,302.36. Despite the correction from its ATH, experts believe new demand for Bitcoin will offset the selling pressure from old investors. This prediction makes Bitcoin a top crypto to invest in.
Rebel Satoshi Continues Raking In More Gains After Jumping 150% During Its Presale!
Rebel Satoshi, an emerging meme coin that seeks to challenge centralization in the crypto industry, has become a top pick among experienced investors after raising $2.5 million during its public presale. Investors are also investing in Rebel Satoshi because of its dual-token ecosystem.
Specifically, the Rebel Satoshi ecosystem boasts $RBLZ and $RECQ tokens. $RBLZ offers investors a long-term investment option, explaining why investors consider it the best crypto to invest in now! On the other hand, $RECQ serves as the base currency that supports everyday transactions on Rebel Satoshi.
By March, Rebel Satoshi had concluded its public presale, which started on November 5. Notably, $RBLZ’s price had increased to $0.025. This price means $RBLZ has surged 150% from the Early Bird Round price of $0.010. Furthermore, $RBLZ has been listed on Uniswap and Coinstore exchanges, a feat that experts believe will help $RBLZ pump further.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram
Disclaimer
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
