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Litecoin (LTC) And MANTA Trend Downwards As The Market Expects Potential 10x Upon Rebel Satoshi ($RBLZ) DEX Listing

12.02.2024, 17:10   5
Litecoin (LTC) And MANTA Trend Downwards As The Market Expects Potential 10x Upon Rebel Satoshi ($RBLZ) DEX Listing

 

Despite slight downward price pressure, Litecoin (LTC) and Manta (MNT) have produced excellent on-chain metrics. The former continues to enjoy high mining activity, while the other is already in the top 10 for total value locked in DeFi companies.

For now, let’s study the news for Litecoin and Manta.

 

Litecoin continues to be among the best altcoins to invest in and go-to payment methods. The blockchain recently hit an all-time high in mining hash rate at 1.3 P/Hs (13 quadrillion hashes per second).

Litecoin remains the largest Scrypt-based blockchain worldwide, experiencing zero downtime since launching in 2011. This hash rate achievement is a clear sign of high mining activity, demonstrating the desire for miners to own LTC. As further evidence, Litecoin has even exceeded 16 million transactions in 2024. 

BitPay, the top crypto payment processor globally, also ranked Litecoin as the most used digital currency. Litecoin commanded 38% of the total on this platform, leading the pack for a few consecutive months.

Consequently, LTC is up 8% over the past few weeks (after a noticeable dip) from $63.20 to $68.60. Moreover, estimates indicate the potential for LTC to reach a yearly peak of $100.

 

Manta is a relatively zero-knowledge solution that debuted in September 2023, eventually launching the MNT token last month. The developers recently hosted two ecosystem meetups in three days in Hong Kong and South Korea to spread awareness.

Manta’s creators asserted that the participants during these events were “highly committed builders in the Manta ecosystem.” Furthermore, users should expect future developments in these Asian regions, markets greatly valued by Manta.

Manta is already challenging top DeFi coins in total value locked (TVL). It’s currently ranked tenth in this regard, boasting a figure of $481 million, according to DeFi Llama. 

Sadly, the price action doesn’t correlate, but it’s still in the early days. While MNT is down 29% from its all-time high of $3.90 (trading at $2.85), estimates indicate it can surpass $7 before the end of 2024.

Finally, let’s look at Rebel Satoshi and the 10x potential it presents once it launches!

 

 

The presale has finally entered its final round after debuting in November 2023. It has garnered more popularity each day, with investors pouring close to  $1.8 million. This last act further fuels the anticipation for Rebel Satoshi‘s official launch next month, where it kickstarts its rebel-based goals.

Rebel Satoshi is a meme coin inspired by Guy Fawkes and Satoshi Nakamoto to defy the unjust modern financial system and promote decentralized finance. It’s a crypto rebellion, a social justice beacon, transferring wealth from the elites to the masses.

As expected, Rebel Satoshi focuses on community-building to foster defiance in each rebellious member and reward their participation for committing to the project’s cause. The $RBLZ token is the primary avenue for incentives and amusement.

It provides benefits like staking rewards (passive gains) and entry into the Rebel Artefacts NFT Vault, where users can own one of 9,999 rebel-imagined collectibles and digital art characters. Those with the most $RBLZ holdings can also be inducted into the Rebel Meme Hall of Fame and receive insider updates and governance power.

The last presale round represents the token’s peak price of $0.025, a 150% jump compared to its $0.010 in the first round. February 29, 2024, is when this sale event concludes, preceding Rebel Satoshi‘s official launch. What’s more, analysts expect at least 10x gains once $RBLZ debuts 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

The post Litecoin (LTC) And MANTA Trend Downwards As The Market Expects Potential 10x Upon Rebel Satoshi ($RBLZ) DEX Listing appeared first on BitcoinWorld.



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