- THORChain continues to experience massive adoption,& surpassing $40 billion& in all-time trading volume.
- All in Bits launches& new governance chain& ahead of Cosmos’ AtomOne fork.
- Defiant meme token& Rebel Satoshi& concludes presale and prepares to launch.
THORChain (RUNE) and Cosmos (ATOM) are among the highest gainers, as the crypto market has exhibited surprisingly bullish behaviour lately.&
At the same time, investors look forward to a major memecoin launch in Rebel Satoshi ($RBLZ).
THORChain exceeds $40 billion in total volume since inception
THORChain remains one of the top DeFi projects. According to data from its block explorer, the mega-decentralized exchange has surpassed $40 billion in total trading volume since April 2021.&
THORChain’s monthly average volume is about& $3.13 billion, while the daily average is roughly& $142.38 million. The developers boldly hinted at aiming for $1 billion daily as the next target.
In another milestone, users have& borrowed& over& $10 million& using THORChain based on a recent post on the platform’s X/Twitter page. This is twice the amount compared to roughly two and a half months ago.
RUNE perfectly reflects these developments on the charts. The token is worth& $6.12,& 63% higher& than last month’s low of& $3.75. Moreover, RUNE forecasts imply RUNE can reach a minimum of& $8& by 2025.
All in Bits launches governance blockchain ahead of Cosmos Hub fork
The Cosmos community experienced contention in November 2023 as some members wished to decrease the maximum& inflation rate& of the ATOM token from 20% to 10%. Cosmos’ co-founder& Jae Kwon, who was against the voting results that greenlighted this proposal (Prop 848), decided to ‘fork’ Cosmos into a new chain named& AtomOne.
Through a firm headed by Kwon (All in Bits), a new governance chain, GovGen, is now live before the genesis of AtomOne. All in Bit will release a token for this platform, prioritizing the ATOM holders who voted ‘no’ to the proposal, meaning the ‘yes’ ATOM holders will have less governance power. Moreover, the tokens are strictly for voting and won’t be transferable.
Like RUNE, ATOM is on a surge,& climbing 33%& since January 23, 2024, from $8.70 to& $11.60. Forecasts see& $20& as ATOM’s minimum starting price for 2025.
Finally, let’s discover more about& Rebel Satoshi& and why some analysts believe it could be among the& top DeFi coins.
Palpable excitement for Rebel Satoshi’s imminent official launch
Rebel-minded investors globally have eagerly awaited the end of& Rebel Satoshi’s& sought-after presale, which is finally upon them. The project can now embark on the next chapters in its roadmap with the ultimate quest of correcting the modern financial system. This meme coin is set on igniting a& DeFi rebellion, instigating a fairer wealth transfer for ordinary citizens.
The Rebel Artefacts Vault is among the soon-to-be-launched developments following the presale conclusion. It’s an NFT marketplace celebrating rebellion with almost 10,000 collectibles and digital art characters.&
Another anticipated event is the ‘burning’ of unsold& $RBLZ& tokens, a symbolic nod to defiant 16th-century conspirator& Guy Fawkes. The purpose is to make& $RBLZ& deflationary, contrasting the inflationary RUNE and ATOM coins.
$RBLZ is necessary to access the Rebel Artefacts Vault. It provides another enticing perk in staking rewards where users can earn excellent returns while securing Rebel Satoshi‘s presale.&
The meme coin will officially launch on March 4, 2024. While the presale has concluded, the developers have extended it for 14 hours for latecomers to acquire $RBLZ. The token is worth $0.024, having risen 140% since the first round when it traded for $0.010. After the project’s launch, the developers will list $RBLZ for $0.025 on decentralized exchanges, where analysts are forecasting even greater gains.
The Rebel Satoshi Presale has now sold out with tokens available at the listing price of $0.025 from UniSwap.
Rebel Satoshi& will also go live on CoinStore on& March 4, 2024.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.
The post THORChain (RUNE) and Cosmos (ATOM) holders patient for gains as Rebel Satoshi ($RBLZ) prepares for launch appeared first on CoinJournal.
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