While Arbitrum is a familiar Ethereum layer-2 network, the platform’s utility token, ARB, is relatively green. But does it have any merit as a top crypto to buy for 2024? Meanwhile, Rebel Satoshi ($RBLZ) is an even newer project, managing to sell 10 million tokens within 48 hours of its ongoing presale.
This is a testament to the meme coin’s demand and a sign of greater things to come. For now, let’s look at the trending news for Arbitrum.
Decentralization Concerns Raised For Arbitrum
Arbitrum began November on a high note following a recent staking proposal to offer 100 million ARB tokens. But, even with the best altcoins, sentiment can shift quickly. A user on X/Twitter revealed a startling fact about Arbitrum. ‘Duo Nine YCC’ tweeted that they liked Arbitrum before pointing to its DAO (decentralized autonomous organization) having nine people. This makes Arbitrum far more centralized, given the small concentration of power.
Adding insult to injury, the on-chain transaction tracker Lookonchain has spotted some bearish signals. An unknown whale sold ARB between November 16, 2023-November 20, 2023, at a $6 million total loss.
Regardless, what is the outlook for ARB in 2024? It’s worth noting the token would only reach a year of existence in March of next year. Thus, this recency makes forecasts less reliable. Plus, the upcoming 1.11 billion ARB token unlock in the same month could add bearish pressure.
From its current price of $0.99, conservative forecasts indicate ARB should be in the $1 to $1.50 region for 2024.
Let’s now observe what the new Rebel Satoshi has in store for this year.
Lots In Store For Upcoming Meme Coin, Rebel Satoshi, In 2024
Rebel Satoshi is a brand-new rebel-motivated meme token bridging the gap between history and modern times, along with whimsiness and a much-needed movement. It’s inspired by heroic figures in Guy Fawkes and Satoshi Nakamoto.
One who is from the 16th century is now the poster boy for social justice. Meanwhile, the more recent inspiration kickstarted the decentralized era of money. Rebel Satoshi wants to be the Robin Hood in the crypto landscape, spreading wealth from oppressive elites to ordinary people.
‘OG holders’ stand to gain the most fun and exclusive perks by joining Rebel Satoshi now. These early adopters can get inducted into the Rebel Meme Hall of Fame with their best-voted ‘Recusant’ memes for laughs and recognition. They will also be part of the Rebellion Secret Council, becoming governors of the platform and receiving insider updates.
Being an early supporter also means getting the best price for the $RBLZ token, currently worth $0.010 in Rebel Satoshi’s Early Bird Round presale. Unlike ARB, $RBLZ has a capped supply of 250 million. It’s a way to honor Nakamoto, who put the same deflationary tokenomics in place for Bitcoin to combat inflation.
Owning this token offers staking rewards and entry into the Rebel Artifacts Vault. The latter is a marketplace of the coolest NFTs representing the meme coin’s story. It contains almost 10,000 limited-edition symbolic digital art characters, the rarest being 150 ‘Monarchs.’
For 2024, Rebel Satoshi plans to have:
Released the first of two collections for the NFT
Listed $RBLZ on decentralized exchanges
Launched staking
The presale remains the last obstacle before these objectives. Once this event is sold out, current buyers can expect a 150% gain as $RBLZ is anticipated to be worth $0.025. The ultimate goal for the meme coin is to hit a $100 million market cap. So, join sooner than later!
For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram
The post Projecting the Future: An Analysis of Arbitrum’s Prospects and $RBLZ Predictions for 2024 appeared first on CoinChapter.
