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Summary
TLDR
- Ripple unlocks 1 billion XRP in keeping with its long-held traditional escrow system.
- Rebel Satoshi will fuel a much-needed decentralized finance rebellion.
- Mantle releases a liquid staking protocol to rival Lido Finance.
Is 2024 the year XRP (XRP) finally revisits the $1 mark? Regardless of the potential outcome, some investors have investigated promising options like the new Rebel Satoshi ($RBLZ) and Mantle (MNT).
Learn more about Rebel Satoshi, a revolutionary meme coin poised to be a viral sensation soon. First up, let’s take a look at the latest for XRP.
Ripple Unlocks 1 Billion XRP As Per Long-Held Customary Practice
As a tradition, since December 2017, Ripple has released 1 billion XRP from its escrow account. Whale Alert shows three large transactions on New Year’s Day 2024: 100 million XRP, 400 million XRP, and 500 million XRP, respectively. Moreover, Ripple has resent 800 million to the escrow account to repeat the process next month.
The point of these massive token unlocks is to boost liquidity. Yet, they can also be bearish signals due to the abundance of supply compared to demand. Speaking of substantial transactions, Whale Alert also noted another one on the same day. The wallet, likely from Ripple Labs, sent 27.7 million XRP (worth $17.2 million) to Bitstamp.
However, coupled with the token unlocks and temporary bearishness in the crypto market, XRP dropped 28% from $0.70 to $0.50. It has rebounded to $0.56, with estimates suggesting the price may still hit at least $1 by 2025.
Let’s now look at the more promising Rebel Satoshi!
Rebel Satoshi Plans to Ignite DeFi Rebellion
Rebel Satoshi is a soon-to-be-launched meme coin modeled after Satoshi Nakamoto and Guy Fawkes. It resonates with their rebellious spirits to ignite a DeFi (decentralized finance) rebellion in the modern financial system. Rebel Satoshi rallies for a much-needed wealth transfer from oppressive elites by promoting the digital revolution.
Rebel Satoshi must achieve $100 million in market cap to realize this dream and reward its loyal adopters. Users stand to gain numerous benefits with the utility token $RBLZ. The first includes entry into the Revolutionary Staking Hub, where they get low-effort passive income through staking. Secondly, $RBLZ holders can access a treasure trove in the Rebel NFT Vault, trading 9,999 rare rebel-themed digital art characters and collectibles.
Those with the greatest $RBLZ holdings have exclusive perks in keeping with rebel meme culture. These include insider updates and governance power in the Rebellion Secret Council, along with induction into the Rebel Meme Hall of Fame.
Thankfully, $RBLZ is low-priced as it’s trading in the second-to-last round of Rebel Satoshi‘s presale. The token is worth $0.020, 2 times higher than its $0.010 value in the Early Bird Round. It will surge 25% more to $0.025 following the presale before debuting on multiple exchanges!
In closing, let’s look at the latest for Lido.
Mantle Launches Its Own Liquid Staking Protocol
Mantle is a recent Ethereum layer-2 scaling solution launched in July, which is now among the top altcoins. The trending story around Mantle is their release of the Mantle Liquid Staking Protocol (LSP), inspired by Lido Finance.
This Mantle LSP will allow users to earn from ‘liquid staking‘ Ethereum using Mantle’s mETH (like Lido’s stETH) as the receipt token. Liquid staking is a growing trend within DeFi companies where you can stake top crypto coins without ‘locking’ them indefinitely. It’s also more cost-effective, given that many staking-based blockchains need massive upfront investments.
According to data from Defi Llama, Mantle’s LSP provides the best APY (annual percentage yield) than Lido, Frax, and Binance at 4.79%.
The MNT price is down 11% (trading for $0.61) after hitting a 2023 high of $0.69. Still, predictions expect an eventual recovery, with MTN potentially reaching at least $1.20 by 2025.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.
 *This article was paid for. Cryptonomist did not write the article or test the platform.
