TLDR
- BTC could decrease toward the $42,000 range.
- $RECQ offers 237% gains by the end of the presale.
Analysts from JPMorgan claim that Bitcoin (BTC) is set to enter a prolonged bearish trend after the halving on April 20. Meanwhile, Rebel Satoshi’s $RECQ is gaining ground as one of the most attractive presales in the current crypto market. Let’s see which of these options is the best cryptocurrency to buy now.
BTC is Poised for Substantial Price Corrections
According to JPMorgan’s report published on April 17, Bitcoin is set to experience significant corrections after the fourth halving event on April 20. While BTC traded around the $63,000 mark during the third week of April, Bitcoin holders can expect dips toward $42,000 in the upcoming term due to overbought market conditions, which means that BTC could decrease by a substantial 33.33%. Furthermore, JPM expects a massive drop in Bitcoin’s hashrate as unprofitable miners exit the network.
Analysts point to Bitcoin’s recent dips beneath the $60,000 level as another reason why BTC might be a risky investment for the following term. For example, Coinglass reported on April 17 that the broader crypto market had witnessed a $216 million liquidation after Bitcoin dropped to $59,768.
However, Bitcoin supporters praise BTC as the best crypto to buy today due to its excellent future potential as a long-term store of value. In addition, Bitcoin announced on April 19 that the asset’s 7-day moving average had recorded a new all-time high of 653 EH/s. Thus, some experts have given a positive BTC price forecast, stating that Bitcoin could increase to over $120,000 by the end of the year.
$RECQ Remains Resilient Amid the Bearish Market Conditions
Rebel Satoshi is an exciting meme coin project with a rapidly growing community of users. Furthermore, the platform’s advanced decentralized protocol enables token holders to make significant contributions to Rebel Satoshi’s enormous two token ecosystem.
$RBLZ serves as Rebel Satoshi’s governance and membership token, which means that $RBLZ adopters obtain voting rights for important community decisions. On top of that, the token launched on the Uniswap DEX on March 4 after raising more than $2.5 million during the presale. Holders expect continued rallies from the current $0.025, as this figure represents an impressive 150% increase from the starting $0.010.
Meanwhile, Rebel Satoshi’s second token $RECQ is priced at only $0.0037 during Stage 1 of the presale, meaning that the token’s $0.0125 presale target is set to bring early investors exceptional 237.83% gains. In addition, $RECQ is used as the base currency that underpins all types of transactions and interactions on the exciting Rebel Satoshi platform.
$RECQ holders enjoy the unique benefits of Rebel Satoshi’s buyback program and receive exclusive access to the amazing play-to-earn games in the Rebel Satoshi Arcade. Additionally, holders can utilize the token to explore Rebel Satoshi’s vast selection of rare NFTs. Thus, market experts suggest $RECQ as the top crypto to invest in today due to its extensive real-world utility.
$RECQ is set to provide higher rewards than BTC in the forthcoming term, so make sure to chip in today!
For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.