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Solana holds $100 support as VeChain retraces; experts bullish on Rebel Satoshi

Partner Content
Solana holds $100 support as VeChain retraces; experts bullish on Rebel Satoshi

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Some top cryptocurrencies, including Solana’s SOL, have underperformed despite the recent cryptocurrency market bull wave, whereas VeChain’s VET is up almost 100%. Rebel Satoshi, a meme coin, has also raised more than $2.2 million in its ongoing public presale.

Solana TVL soars past $2 billion

According to DefiLlama data on Feb. 20, the current amount locked in DeFi applications on Solana is $2.028 billion, a mark which was last seen in June 2022. This represents a significant improvement since the December low of less than $1 billion. 

Since this news, there has been a decline in the value of Solana contrary to expectations. SOL has dipped from $108.46 on Feb.20 to $99.95 on Feb. 23, representing a 7.85% decline. Experts have expressed concerns about investing in SOL due to this price action and have predicted that SOL will fall to $89.76 by mid-March.

On the contrary, some experts believe that SOL will rise as a result of the collaborations in the Solana ecosystem. They have predicted that SOL will rise to $165.87 by the end of March.

VeChain and BCG collaborate for sustainability

On Dec. 1, 2023, VeChain announced a new sustainability relationship with global consulting firm Boston Consulting Group (BCG).

The partners intend to use blockchain technology to allow meaningful environmental improvements, beginning with cutting carbon emissions in high-impact industries such as agriculture.

Since this announcement, there has been a significant increase in the value of VET.

VeChain has witnessed a rise in VET valuation from $0.023 on Dec.3, to $0.044 on Feb. 23, representing a 91.30% increase.

Following this partnership, analysts predict that VET will rise to $0.065 by April.

Conversely, the lack of partnerships for VeChain has made some experts give negative predictions for VET. They have predicted that VeChain will witness a decline in VET valuation to $0.034 by mid-March.

Rebel Satoshi shines in presale

Rebel Satoshi, a meme coin initiative that seeks to challenge the harsh rules of centralized crypto businesses, has sparked investor attention following a successful performance during its public presale.

To be more exact, Rebel Satoshi has raised over $2.1 million since the presale on Nov. 5.

Aside from meeting many of its presale objectives, Rebel Satoshi has become the favored investment for investors due to its community-based approach to battling centralization. Additionally, investors believe Rebel Satoshi is the top ICO because of its native RBLZ currency, with deflationary tokenomics and a supply cap of 250 million tokens. 

Rebel Satoshi is now in Recusants Round 5 with RBLZ trading at $0.024. It will rise to $0.025 at the end of the presale. However, prices are up by 140%, rising from $0.010 registered during the Early Bird Round.

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