TLDR
- Asset managing giant BlackRock files for Ethereum ETF
- Maker’s Spark Protocol continues to produce impressive numbers
- Rebel Satoshi plans to merge meme culture with rebel ideas and DeFi
Ethereum (ETH) and Maker (MKR) are some of the most valuable cryptos to buy. Their recent surges have enticed investors seeking the top DeFi projects. Others have a new alternative in mind, boasting a headline-grabbing presale. This project is a meme token with viral, Dogecoin-like potential.
Here, we’ll look at the recent developments for Ethereum and Maker before diving more into this exciting platform.
BlackRock Files for Spot Ethereum ETF
One of the world’s largest investment companies, BlackRock, has applied for an Ethereum ETF with the SEC (Securities and Exchange Commission). This is another step for the company to grow its crypto investments. ETFs have been a common talking point in 2023 for Bitcoin and altcoins to watch, like Ethereum.
In other news, the latter is enjoying some favorable on-chain metrics per data from Santiment. The blockchain experienced 94,700 new wallets on November 22, 2023, the highest since July 2023. Moreover, whales have also beefed up their Ethereum holdings this year in anticipation of a bullish future. Presently worth $2032, forecasts suggest ETH will trade in the $2050-$2300 (or greater) in 2024.
Let’s now look at the latest for Maker, which has close links with Ethereum due to the Spark Protocol.
Maker’s Spark Protocol Experiences Increasing Adoption
While no recent noteworthy developments exist for Maker, its related DeFi platform, Spark, is gaining all the attention. Released in May 2023, Spark Protocol is a DeFi service on Ethereum for supplying and borrowing top crypto coins like ETH, DAI, stETH, and sDAI.
According to Defi Llama, Spark recently reached a milestone of $1 billion in total value locked. Furthermore, Spark doubled its debt ceiling on November 20, 2023, from $400 million in DAI to $800 million DAI.
It was only a matter of time before the 2.2x rally in MKR took a breather from June 09, 2023, to October 23, 2023. After dropping to a low of $1241, the MKR price is now worth $1462, looking to eclipse the yearly high of $1647.
Based on forecasts, MKR may begin 2024 worth at least $1700, potentially hitting a minimum yearly peak of $2000.
Now it’s time to reveal the project mentioned earlier: Rebel Satoshi ($RBLZ)!
Rebel Satoshi Fuses Meme Culture With Rebel Themes And DeFi
Rebel Satoshi is a new rebel-based meme coin motivated by Guy Fawkes and Satoshi Nakamoto. The project is a unique fusion of meme culture and decentralized finance.
Much like Nakamoto challenged the norms to create Bitcoin, Rebel Satoshi encourages its members to have the same spirit of decentralization. The project focuses on unity and community-building, as only a collective force can achieve this and other desirable goals.
One is for Rebel Satoshi to hit a market capitalization of $100 million. Fortunately, the project has an attractive ecosystem for this objective. The Revolutionary Staking Hub is where members can stake the $RBLZ token, supporting blockchain security but getting impressive passive returns. Rebel Satoshi also plans to revive the popular NFT market, presenting a vibrating marketplace of 9,999 unique collectibles and digital art.
The presale is the precursor for these wonderful benefits. $RBLZ is trading during the Early Bird Round of this event for $0.010. Since it began on Guy Fawkes Night (November 05, 2023), investors have scooped up millions of tokens.
Aside from the member perks, a 150% return awaits current buyers since $RBLZ will trade for $0.025 after the presale.
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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