- The SEC prolongs the approval of exchange-traded fund applications for Ethereum.
- Rebel Satoshi is set to advance Satoshi Nakamoto’s vision as a rebel-themed meme coin with an imminent official launch.
Ethereum has remained steady above the $2,600 mark amid chatter around a highly anticipated ETF (exchange-traded fund) launch. With a decision only expected in May 2023, some investors have switched to the presale for the rebellious Rebel Satoshi ($RBLZ).
While this fast-selling event is in its last round, the latecomers still have an opportunity to capitalize. Let’s first cover the news for Ethereum (ETH) before learning about Rebel Satoshi.
SEC Delays More Ethereum ETF Applications
The approval of several Bitcoin ETFs (exchange-traded funds) by the Securities and Exchange Commission (SEC) was a watershed moment for many top crypto coins. It was only natural to expect Ethereum (ETH) to get its spotlight soon after.
Sadly, the SEC has delayed the approval of applications from numerous financial institutions since last month, like BlackRock, Grayscale, and most recently Invesco and Galaxy Digital. On the bright side, Ark 21Shares and VanEck filed theirs in 2023, with the deadline being May 23, 2024.
However, Prometheum, a crypto trading platform, has thrown a spanner in the works. The company announced releasing a custodial service for ETH, which analysts see as a move to have regulators identify Ethereum (ETH) as a security. Of course, this isn’t a favorable label for Ethereum, unlike Bitcoin, a commodity.
For now, an eventual approval of ETFs in May would likely see ETH break above $2,700. Forecasts also predict ETH reaching at least $3,000 by 2025.
Finally, let’s look at Rebel Satoshi and how it’s among the top DeFi coins.
https://www.rebelsatoshi.com/?utm_source=MCAP&utm_medium=Banner&utm_id=Bird
Rebel Satoshi Becomes a Torchbearer for Satoshi Nakamoto’s Vision
Satoshi’s influential contributions to crypto led to Bitcoin, which inspired top DeFi projects like Ethereum. Rebel Satoshi is a meme coin project powered by the latter’s blockchain technology and motivated by the former’s philosophies.
The project is the torchbearer for Nakamoto’s decentralized finance vision. Along with the social justice representation of Guy Fawkes (another role model), Rebel Satoshi is a movement for wealth redistribution for the masses with crypto as the liberator.
The meme coin recognizes a high market cap valuation is crucial for this far-reaching goal. Hence, it wishes to reach $100 million in market cap. This gives the project the necessary financial muscle and the capability to reward its growing community.
The incentives begin with virtual gatherings and interactive quests, fostering a sense of camaraderie. The Rebel Meme Hall of Fame is a greater expression of a shared emotion (in this case, laughter). This community gallery allows users to submit their best rebel-themed memes for public display.
Owning the $RBLZ token is required to join this Hall of Fame. $RBLZ also provides other benefits, including staking rewards for securing Rebel Satoshi‘s blockchain. Finally, $RBLZ holders have the privilege of joining the Rebel Artefacts Vault, a marketplace with 9,999 of the coolest NFTs in the form of unique collectibles and digital art characters.
With these advantages in mind, investors have acquired almost all 125 million $RBLZ allocated for Rebel Satoshi‘s presale, which has entered the last round. The token is worth $0.024, 140% higher than its value, $0.010, in the first stage a few months prior.
$RBLZ will trade for a minimum of $0.025 after the presale ends on February 29, 2024. This precedes its listing on exchanges, where it can easily surge further in value!
For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram
