Pepe disappeared from the top 100 cryptocurrencies, the ICO of the same competing coin reached $1 million

The meme coin Pepe (PEPE) has drastically decreased in popularity as it has dropped out of the top 100 cryptocurrency list. Meanwhile, a new cryptocurrency Rebel Satoshi (RBLZ) is gaining popularity in the Web3 space, with its ICO raising $1 million so far.

Descent of PEPE from the peaks to the valley

Earlier this year, Pepe (PEPE), a meme coin linked to the Pepe the Frog meme and built on Ethereum, saw tremendous growth. Pepe recently suffered a significant decline in its ranking in the cryptocurrency market, falling from the highest position to the 112th position with a 66% decrease in value, currently trading at $0.00000142.

It all started when Pepe developers sold $15.7 million worth of tokens from the central wallet. This caused confusion in the Pepe community and made it difficult for members to trust the system. If a project sells its shares in an asset, community members may be led to sell theirs because they assume this means the project will collapse.

Although Pep’s team concocted a story about “a few bad actors” in the team and tried to move the remaining tokens to a more secure wallet, credibility and trust in the project remains less. After Pepe’s Telegram account was hacked again, many people began to doubt whether the price of the token would recover or not.

Many in the cryptocurrency community, including EricCryptoman, have expressed concern about the future direction of the market. Experts like CryptoTony have shared predictions about the possibility of further corrections. If Pepe crosses the line of his current support, there could be an even bigger fall.

Rebel Satoshi emerges as a quiet revolution in the same corners

While Pepe is facing problems, there is a new player in town, Rebel Satoshi (RBLZ), who seems to be gaining investor interest.

Rebel Satoshi has gained a good level of support since its launch as it brings together people who want to fight against oppressive rules and encourages them to speak out.

Rebel Satoshi’s control and membership token, RBLZ, is central to this mission. When someone invests in RBLZ, they get many benefits because they have access to the betting program, NFT market and P2E (play-to-earn) gaming.

Additionally, as an RBLZ investor you have special privileges including access to 9,999 unique digital assets stored in the Rebel NFT Vault.

The Rebel Satoshi presale is in full swing, with an asset priced at $0.02 per token in Rebels Round 3. Over 81% of the tokens allocated in this round have been sold, with the pre-sale already raising $1 million.

The listing price after the presale is $0.025 and the platform accepts Bitcoin (BTC) and 50 other cryptocurrencies for a seamless onboarding experience.

The fall of Pepe (PEPE) worries his followers somewhat, but the pre-sale of Rebel Satoshi (RBLZ) indicates a positive outlook for his investors. The cryptocurrency market is constantly evolving, and the value of even coins can experience high volatility.

In general, meme coin is a term used to describe digital currencies that are inspired by characters, people, animals or works of art and are powered by communities on the Internet.

These currencies are designed to attract gamers and people interested in the fun and playful aspects of currencies. Investing in meme coins can be fun to watch because their values ​​are likely to go up and down quickly.

For the latest news and more information, be sure to visit the company’s official website Rebel Satoshi pre-sale or contact Rebel Red via Telegram.

Disclaimer

Disclaimer: This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to The Trust’s guidelines for impartial and transparent reporting, this content is produced by a third party and is intended for promotional purposes. Readers are advised to verify the information themselves and seek professional advice before making any decisions based on this sponsored content.

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