HomeNewsLidoDAO (LDO) And MANTA Slumped In The Past Week, As Investors Revert...

LidoDAO (LDO) And MANTA Slumped In The Past Week, As Investors Revert Focus To Rebel Satoshi ($RBLZ) Presale

- Advertisement -
  • On-chain data shows Lido is close to exceeding 10 million liquid-staked Ethereum tokens.
  • Manta now boasts the tenth-highest total value locked across all blockchains.
  • The presale end and official launch of the rebel-focused meme coin Rebel Satoshi is only a few weeks away.

Lido DAO (LDO) and Manta (MANTA) are among the top altcoins currently feeling the brunt of the crypto bear market. This is despite both projects achieving some impressive metrics.

On the other side of the coin are investors diverting their focus to Rebel Satoshi ($RBLZ), a meme coin with a soon-to-be-ending presale. Learn more about this rebellious meme token later and why it’s a good crypto to buy.

For now, let’s observe the latest developments for Lido DAO and Manta.

Lido DAO Looks To Surpass 10 Million In Liquid-Staked ETH

Data from DeFi Llama shows that the ETH staked within Lido DAO is 9.54 million at the time of writing. Interestingly, Lido DAO had reached an all-time high in the value of Ethereum staked ($23.4 billion). Lido DAO commands 72% of the total liquid-staked Ethereum across all DeFi companies

This is an impressive feat considering the recent Shapella upgrade on Ethereum that allowed withdrawals of staked ETH. A catalyst to Lido’s dominance is the number of validators who have queued to stake, suggesting an interest in holding ETH for the long haul.

However, LDO is down 31% (trading at $2.78) despite hitting a yearly high of $4.03 on January 11, 2024. Still, forecasts suggest LDO can reach at least $7 by the end of the year.

Manta Joins Top Ten Blockchains For Highest TVL

Manta is a recently launched zero-knowledge or ZK-based blockchain (first released in September 2023) that is already making waves among the best DeFi projects.

Based on the latest data from DeFi Llama, Manta is ranked tenth for platforms with the highest total value (TVL) at $467 million. Analysts point toward December 2023 as the start of Manta’s TVL surge, when the developers airdropped MANTA tokens for the New Paradigm campaign. Moreover, they awarded 50 million MANTA that users could lock as ETH in Manta.

Sadly, like LDO, MANTA is in a landslide on the charts. After reaching an all-time or yearly high of $3.88 late last month, the price is trading for $2.80, 28% lower. Regardless, estimates see a potential minimum yearly peak of $5 for MANTA.

Finally, let’s learn more about Rebel Satoshi and what it has in store.


Dates Set For The Conclusion of Rebel Satoshi’s Presale And Much-Awaited Official Launch

Rebel Satoshi is a unique entrant in the ever-growing meme coin market. Few can envision a meme token rebelling against the modern centralized financial systems. Well, this is what defines Rebel Satoshi. Inspired by heroes like Guy Fawkes and Satoshi Nakamoto, the project represents a movement to defy the financial status quo.

Rebel Satoshi also plans to celebrate the achievements of other rebellious figures with its future in mind. The first avenue is through an NFT treasure trove in the Rebel Artefacts Vault, expressing the story of Rebel Satoshi with 9,999 tradeable collectibles and digital art characters. 

This isn’t only about artistic expression but a steady income stream. Another source is staking with the $RBLZ utility token, taking the leaf out of the books for Lido DAO and Manta.

Users have bought the bulk of $RBLZ in Rebel Satoshi‘s ongoing presale, concluding at the end of this month. The last presale stage is expected to happen soon, where the token’s value rises 13.6% from $0.022 to $0.025. First-round participants can expect to witness 150% gains, considering that $RBLZ was worth $0.010 once upon a time.

Developers have suggested that 29 February 2024 is when the presale will be over, preceding Rebel Satoshi‘s official launch and listings of $RBLZ on exchanges!

For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram

ETHNews: This publication is sponsored. ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should conduct their own research before taking any actions related to the company. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.
By accessing and reading this article, you acknowledge and agree to the above disclosure and disclaimer.
John Kiguru
John Kiguru
John Kiguru is an accomplished editor with a strong affinity for all things blockchain and crypto. Leveraging his editorial expertise, he brings clarity and coherence to complex topics within the decentralized technology sphere. With a meticulous approach, John refines and enhances content, ensuring that each piece resonates with the audience. John earned his Bachelor's degree in Business, Management, Marketing, and Related Support Services from the University of Nairobi. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space. Business Email: info@ethnews.com Phone: +49 160 92211628