- Avalanche growing its tokenization market
- Rebel Satoshi targets a multi-million market cap
- Arbitrum on-chain metrics fall after staking proposal
For different reasons, Avalanche (AVAX) and Arbitrum (ARB) are two Ethereum layer-2 networks in the crypto spotlight. Meanwhile, Rebel Satoshi (RBLZ) is geared to increase by 30% in the ongoing presale.
Avalanche and RWA tokenization
Real-world asset (RWA) tokenization is gaining prominence in crypto.
Avalanche is drawing attention through its Avalanche Subnets tailored for financial institutions.
Citi is reportedly developing an FX solution on Avalanche, and JP Morgan plans to leverage an Avalanche Subnet.
Avalanche’s role in this space has led Bank of America to predict a $16 trillion valuation for asset tokenization in the next 5-15 years.
As Avalanche finds adoption, the average daily transactions rose from 158,000 on Oct. 28, 2023, to 6.36 million when writing, as per Artemis data.
AVAX is also up 142% since Oct. 19, 2023, climbing from $8.65 to $20.95.
Predictions suggest AVAX might trade at over $35 in 2024.
Rebel Satoshi targets $100 million market cap
Rebel Satoshi is a meme coin that embodies a decentralized movement.
Inspired by Satoshi Nakamoto, the creator of Bitcoin (BTC), Rebel Satoshi aims to democratize wealth by redistributing it from the elites to the masses.
The project’s ambitious long-term goal is to reach a market capitalization of $100 million, establishing Rebel Satoshi as one of the most valuable meme altcoins.
Rebel Satoshi is designed to be fun, starting with interactive quests that engage users and promote community engagement. Early supporters will also have the opportunity to be inducted into the Rebel Meme Hall of Fame, earning recognition and popularity for their creative rebel-inspired memes.
The platform’s rewards ecosystem revolves around staking the utility token, RBLZ, to generate yields. Additionally, members can participate in the Rebel Artifacts Vault, an NFT marketplace featuring 9,999 unique digital art pieces and collectibles.
The Rebel Satoshi market valuation is below $1 million.
In the Early Bird Round, investors can purchase RBLZ for $0.010. The RBLZ price is expected to rise to $0.025 at launch.
Arbitrum declining metrics
ARB rose to a monthly high of $1.22 following the approval of a proposal to release 100 million for staking on Nov. 6, 2023.
This release, spanning 12 months, aims to incentivize increased network strength, long-term holding, and financial yields.
Since the announcement, Arbitrum has experienced a decline in several metrics.
As of Nov. 17, 2023, Artemis reported fewer daily active addresses and transactions. Lookonchain also noted that a whale sold ARB at a $6 million loss through multiple transactions.
Despite these developments, ARB remains close to its all-time high of $1.82.
Currently trading at $1.03, predictions place ARB above $2 in 2024.
Visit the official Rebel Satoshi presale website or contact Rebel Red via Telegram for more updates.
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