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The crypto market might be down but sentiment is up, with traders and HODLers alike anticipating a bounce. Nevertheless, the short-term price fluctuation has Ethereum (ETH) on the downside. Shiba Inu (SHIB) isn’t exempted from prevailing bearish pressure either, as it loses key support.
Meanwhile, Rebel Satoshi Arcade (RECQ), a novel presale memecoin have been driving interest. Above all, its intriguing blend of the hottest crypto trends—memes, GameFi and NFTs—makes it an instant favorite.
Supporters of Rebel Satoshi Arcade (RECQ) can take part in pre-sale and buy tokens here.
Rebel Satoshi Arcade (RECQ) pre-sale reaching new goals
Rebel Satoshi Arcade (RECQ), a new GameFi memecoin, defies bearish pressure by skyrocketing in presale. The second stage of the ICO has sold out by over 90% at $0.0044, with the third stage a heartbeat away. This massive presale turnout is no doubt a vote of confidence, positioning it as a new DeFi project to watch out for.
One of the key factors driving early demand is its significant upside potential.
Also propelling interest is its rich ecosystem—a blend of the top trends. At its heart will be an NFT marketplace for rare digital collectibles, a merchandise store and, most importantly, an arcade of exciting games. With adoption imminent, it is arguably the best new crypto to invest in—don’t miss out.
Ethereum (ETH) price remains under pressure
Ethereum (ETH), the leading altcoin, was in the spotlight in May following the SEC’s approval of ETH ETFs. This development has been hailed as groundbreaking, paving the way for other altcoins to be wrapped in exchange-traded funds.
Following the buzz around this landmark event, Ethereum skyrocketed, soaring past $3,900. Investors seemed to be betting big on the DeFi powerhouse ahead of its teaming up with BTC ETFs on Wall Street. However, the crypto market's downturn saw ETH lose most of its previous gains.
It plummeted alongside the overall crypto market, retesting old, low prices. While concerns were sparked, market participants remained optimistic about a bounce. Moreover, it entered an attractive buy zone—probably the final chance to get it this cheap.
Shiba Inu (SHIB) testing critical support levels
Shiba Inu (SHIB) is no doubt one of the best altcoins. It might not be in green but it is nonetheless one of the trending memecoins due to its market dominance. In the meme ecosystem, it trails behind only Dogecoin (DOGE), highlighting its leading status as a top meme.
However, like most altcoins, it tumbled as the crypto market plummeted. Key price levels were lost as the bulls stumbled, pushing prices into the red. Moreover, the rise of new meme narratives—a shift from dog cryptocurrencies—like celebrity memecoins and president memecoins has sparked a shift away from Shiba Inu.
Nevertheless, a comeback is on the cards—just around the corner. It is a bull market after all and the ongoing price dip is a short-term price fluctuation at worst. The long-term outlook—the bigger picture—remains bullish.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.
Alex Dovbnya
Gamza Khanzadaev
