Shiba Inu trails Toncoin; investors looking at Rebel Satoshi

  • Shiba Inu drops 6% in a week
  • Toncoin gains 2% over seven days
  • Rebel Satoshi presale attracting investors

The crypto market is currently divided, with major altcoins either experiencing minimal gains or succumbing to renewed bearish pressure. 

This bearish sentiment has caused Shiba Inu (SHIB) to decline while Toncoin (TON) struggles to maintain its positive momentum. 

Amid this, Rebel Satoshi (RBLZ), an upcoming meme coin, has sold 10 million tokens in its public presale.

Shiba Inu drops 6% in a week

Over the past week, SHIB has fallen 7% despite initial positive news cycles.

On Nov. 15, SHIB was trading at around $0.000008371. It briefly spiked to $0.000009118 following announcements of a partnership between Shibarium and the Manny Pacquiao Foundation but failed to sustain those gains.

You might also like: Shibarium sees surge in daily transactions as SHIB gains 15% in a week

As of Nov. 22, SHIB had stabilized around $0.000007808 as volatility cooled and transaction volumes decreased from short-term peak levels.

Some analysts expect the token to reach $0.000007915 by the end of November. 

Their optimistic outlooks cite reports from Nov. 21 about a sharp rise in the SHIB burning rate.

Toncoin adds 2% in a week

Over the past week, TON has seen modest price gains following an announcement of new decentralized finance (defi) functionality being added to the TON ecosystem.

On Nov. 15, Toncoin was trading around $2.26 before spiking briefly to $2.46 the next day after details were unveiled about a new token swap feature enabled through the TON Space wallet on Telegram. 

You might also like: Open Network announces initiation of TON bootcamp  

TON has since stabilized in the $2.30 range as of Nov. 22. This represents approximately a 2% price increase over the roughly 7-day period since the initial infrastructure upgrade was publicized. 

Some analysts speculate the added defi utility around TON could bolster adoption if leveraged heavily by Telegram users. Their forecasts envision Toncoin reaching $2.60 by the end of November and $2.64 by year’s end.

Investors examine Rebel Satoshi presale

Rebel Satoshi, an emerging meme coin challenging centralized crypto entities, has garnered significant investor attention during its public presale. 

The project aims to achieve a $100 million market cap for its RBLZ by uniting the silent majority. 

Rebel Satoshi plans an ecosystem with a staking program, P2E game, and NFT marketplace to maintain post-presale appeal, with RBLZ as the access key. 

The ongoing public presale offers RBLZ at $0.010 during the Early Bird Round, with prices rising to $0.013 when the Rebel Round begins. 

RBLZ is set to list at $0.025.

Visit the official Rebel Satoshi presale website or contact Rebel Red via Telegram for more information

Read more: Analysts focus on Rebel Satoshi, Shiba Inu, and Zcash ahead of crypto bull run

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