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Prices of XRP and SUI may recover in the coming days. In the meantime, investors are eying Rebel Satoshi, a project that has collected over $1.5 million in its presale. It is eyeing to achieve a $100 million market capitalization.
SUI price prediction
On October 3, Bluefin, a Korean DEX, launched an upgrade to the Sui network; faster trades, cross-margin, and new spot features that allow trading without crypto wallets were added. Since then, the price action of SUI has been very volatile.
SUI surged from October 3 at $0.4443 to February 4 at $1.424 for an increase of 220.50%. This huge appreciation raised the eyes of many in the crypto community and experts.
Some experts, however, are optimistic and argue that SUI will maintain the uptrend and hit $1.985 by the end of March. Other skeptics see a retracement and further drop in price to as low as $0.00000685 by mid-February.
However, as with any other cryptocurrency investment, it is essential that investors do their own homework regarding the prevailing conditions affecting the market and be aware of their risk tolerance before making any kind of investment. The markets are very volatile, and sometimes prices fluctuate rapidly due to several reasons, such as changes in sentiment, technology, legislation, and macroeconomics.
Hong Kong Crypto Consortium Excludes XRP
On January 14, the Hong Kong Virtual Asset Consortium replaced XRP with Solana SOL on its global crypto index.
XRP declined from $0.5762 on January 14 to $0.5189 on February 4.
Expert predictions for the future of XRP in 2024 are highly varied in nature.
Some believe it will go as high as $0.875 by early March due to an expected market upswing upon approval of a spot Bitcoin ETF.
Others are more conservative and expect that at best, prices will stay below the $0.394 by mid-March, especially if overall bias stays bearish.
Rebel Satoshi up 120% in presale
A decentralized crypto space project has smashed its way to over $1.5 million in presale. Bringing the brand new Rebel NFT Vault, a peer to peer game, stake-to-earn function and an NFT market all in one package.
It is an RBLZ token, which is a governance and membership token of this project, that will unlock all of the features described above. Investors can purchase RBLZ in exchange for Bitcoin and 50 other cryptocurrencies.
Presently, RBLZ has hit its Monarchs Round 4 of presale and trades at $0.022, with listing expected to be at $0.025 in February.
Early Bird Round investors had drastic gains of 120% on their investment.
That is, if anything at all, a principal reminder for investors to do the due diligence in regards to the investment opportunity before investing their money in it.
It might also be worthy to remember that cryptocurrency markets can be very volatile and highly speculative usually. Thus, users must be very careful when engaging with presales and token offerings, as risks may be associated.
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