Data Indicates Significant Bitcoin Selling by Miners; Rebel Satoshi (RECQ) Presale Shows Promising Early Results
Important findings from recent data show that Bitcoin (BTC) has been subject to considerable selling pressure following the most recent halving event. Meanwhile, Rebel Satoshi (RECQ) is capturing attention in the market with its potential for future success. This article explores why RECQ might be a more favorable investment choice compared to other presale memecoins.
Massive BTC Sell-Off by Miners After Bitcoin Halving in 2024
According to a report by CryptoQuant on June 12, 2024, Bitcoin transfers from mining pools to exchanges reached a two-month high. Notably, the transfer of BTC from btc.com to Binance exceeded 3,000 BTC on June 9.
In addition, several major US-based Bitcoin mining companies have decided to sell a substantial portion of their BTC holdings. For instance, Marathon Digital sold 1,400 BTC during the first half of June, which represents nearly 8% of the company’s total Bitcoin holdings.
CryptoQuant’s analysis suggests that this trend is a result of the significant decrease in daily BTC mining revenues following the fourth halving event on April 19. Daily miner revenues have dropped to around $35 million, marking a 55% decline from the peak of $78 million in March. Furthermore, the network’s hashrate has only decreased by 3.69% after the Bitcoin halving event, from 622 EH/s to 599 EH/s.
Experts believe that the increased selling by Bitcoin miners could explain the asset’s underperforming price in the first half of June. BTC reached a monthly low of $65,056 on June 14, representing an 11.78% decline from its all-time high of $73,750 recorded on March 14.
As a result, skeptics argue that Bitcoin will continue its downward trend as investors seek more profitable crypto investment opportunities, such as presale memecoins.
RECQ Poised to Shine Among Top Memecoins
Rebel Satoshi is an innovative meme coin project that empowers users to actively participate in the ongoing decentralized revolution. Notably, Rebel Satoshi users have a significant say in the platform’s governance and make valuable contributions to its two-token ecosystem.
RECQ serves as the fundamental currency that drives all transactions and interactions on the Rebel Satoshi platform. Investors can use the token to purchase exclusive merchandise items and explore Rebel Satoshi’s unique NFT Marketplace.
Furthermore, RECQ offers numerous additional benefits through Rebel Satoshi’s rewarding program. Holders can also engage in the exciting gaming experience of the Rebel Satoshi Arcade, which features various play-to-earn titles such as Rebel Run, Guy Fox, and Rebel Satoshi: God Save The King.
Profitable Games
During Stage 2 of the Rebel Satoshi presale, RECQ is available for only $0.0044. This means that Stage 2 RECQ investors can expect an impressive 184% profit if the token reaches its $0.0125 presale target.
Additionally, early adopters in Stage 2 stand to gain a solid 25% return when RECQ reaches $0.0055 in the next presale stage. As a result, crypto enthusiasts are increasingly considering RECQ as one of the most lucrative options in the current market.
While analysts anticipate further drops in BTC prices in the near future, RECQ is making significant strides as one of the top presale memecoins. Don’t miss the opportunity to visit the Rebel Satoshi presale and diversify your portfolio with this unique token!
For the latest updates and more information, please visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.
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