TLDR
- Shiba Inu and XRP trade on the downside amid the market dip.
- Rebel Satoshi Arcade continues its presale, with almost 80% of the tokens in stage 1 sold out.
- Its gaming ecosystem represents one of its biggest attractions.
The mood in the crypto landscape this week is gloomy, as the market took a downturn. Top altcoins like Shiba Inu (SHIB) and Ripple (XRP)—reflecting the broader market sentiment—tanked.
This is a contrast to the upbeat mood the previous month when Bitcoin (BTC) registered a new peak. Hopefully, the bulls will regain lost ground and confidence soon. If not, we might see further declines.
Amidst this, ICO hunters have been taking quite a keen interest in Rebel Satoshi Arcade (RECQ), one of the new ICOs. The presale just kicked off and is currently in the first stage, with almost 80% of the tokens sold out.
However, considering the success so far, early holders might be tempted to be bullish. Nevertheless, its early success doesn’t in any way promise explosive growth in presale.
On a lighter note, confidence can be drawn from the successful launch of Rebel Satoshi (RBLZ). This is the governance coin within the two-token system ecosystem. It has already launched on Uniswap and Coinstore, suggesting a similar scenario for the Rebel Satoshi Arcade coin.
Rebel Satoshi Arcade (RECQ): Will it skyrocket in presale?
Rebel Satoshi Arcade (RECQ) is a new cryptocurrency ICO. It has been gaining ground in the ICO world as the first stage of the presale is almost sold out. However, with eight stages to go before listing, its presale success is far from guaranteed.
In light of the market’s intense competition, as top ICOs vie for attention, Rebel Satoshi Arcade isn’t a shoo-in. Meanwhile, on whether it is the best new crypto to invest in or not, it is too early to make such predictions.
Nevertheless, it stands out in certain areas, particularly its focus on decentralization and community. Its defiance approach against centralization will see it build a community-driven ecosystem made up of exciting arcade games, rare NFT digital collectibles and merchandise.
Within the gaming ecosystem will be play-to-earn (P2E), free-to-play (F2P) and pay-to-play (P2P) arcade games. Currently, a token costs only $0.0037, which is cheaper than XRP but not Shiba Inu.
Shiba Inu (SHIB): Price takes a hit
Shiba Inu (SHIB) is among the top 10 altcoins in the wider crypto market. In the meme world, it trails behind only Dogecoin, highlighting its market dominance.
It was inspired by the success of the top meme-inspired tokens. Its market debut wasn’t disappointing, as it skyrocketed post-launch, building one of the biggest communities: the Shib Army.
As one of the top crypto coins, it traded in tandem with the overall market as it hit a brick wall. While some see the latest Shiba Inu dip as a buying opportunity, others fear further dips, which is quite understandable.
If the bulls put up a good fight and Shiba Inu maintains current support, we might see a price comeback. However, if it falters, we fear more bloodbaths.
Nevertheless, given the market’s volatility, we suggest carrying out your own research. This will give you more confidence as you navigate the crypto market.
Ripple (XRP): Significant price decline
Ripple (XRP) remains a leading altcoin despite its abysmal performance this year. While most tokens have retested 2021 levels, it trades over 80% below its all-time high (ATH).
With fear of further decline and considering the legal tussle with the US SEC, many investors have been looking beyond XRP. Its latest downswing further hammers home this point.
But is a comeback on the cards? It is worth mentioning that its recent price actions are caused by the overall crypto market trading downward. Hence, a comeback will likely result in XRP trading upward.
Nevertheless, its struggle extends beyond the crypto landscape to the regulatory scene. With the final ruling of the ongoing legal case with the SEC yet to be revealed, XRP is a digital asset to tread carefully around.
Conclusion
Shiba Inu and XRP trade around bearish zones as the market plummets. Meanwhile, Rebel Satoshi Arcade is showing promise in presale, although its future success is difficult to predict.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.
