2024-3-1 16:00 |
Reddit’s recent IPO filing has revealed the company’s decision to invest some of its excess cash in Bitcoin (BTC).
While Bitcoin bulls expect a continued rally over the next term, Rebel Satoshi ($RBLZ) presale is selling out fast with eyes set on the upcoming launch on decentralized exchanges.
Reddit decision to invest in Bitcoin (BTC)As several media outlets reported on February 22, Reddit had submitted a filing with the U.S. SEC to list its IPO on the New York Stock Exchange under the “RDDT” ticker. Furthermore, the filing reveals that the company has invested an undisclosed sum in BTC and two other cryptocurrencies (Ethereum (ETH) and Polygon (MATIC)) to use them as a form of payment for “certain virtual goods.”
Bitcoin bulls are convinced that this news could inspire traders to embrace BTC as a good investment opportunity, as Reddit’s move follows in the wake of several major companies that have directly purchased digital assets, such as Tesla and MicroStrategy.
Meanwhile, the price of Bitcoin (BTC) has surged by 18% over the last week, from $52,284 to $61,878.
Analysts point out that BTC has been unable to breach the $54,000 level since November 2021, which is one of the reasons why Bitcoin supporters claim that BTC is set to exceed its all-time high of $69,044 ahead of the next halving event in April.
Conversely, BTC bears believe that Bitcoin’s rising selling pressure could result in substantial drops within the upcoming price movements.
$RBLZ aims to list on DEXes on March 4Rebel Satoshi is a groundbreaking meme coin project disrupting the supremacy of centralized organizations and paving the way for a permanent decentralized revolution. On top of that, Rebel Satoshi’s game-changing approach enables $RBLZ holders to engage in numerous amusing activities and to obtain various unique benefits as they join the army of Recusants.
For example, Rebel Satoshi’s focus on community development allows adopters of the powerful $RBLZ ERC-20 token to participate in the platform’s governance and to make valued contributions to the growing Rebel Satoshi ecosystem. Furthermore, $RBLZ users gain substantial staking rewards and exclusive access to as many as 9,999 rare NFTs.
On the other hand, Rebel Satoshi provides many additional rewards through its exciting interactive quests.
$RBLZ has already raised $2.2 million and has finished its Smart Contract Audit. The token is available for only $0.024 at the Recusants Round 5 of the presale, which means that investors can expect $RBLZ to attain the $0.025 target when it launches on DEXes on March 4.
In addition, the $0.025 presale target marks an astonishing 150% increase from Rebel Satoshi’s initial price figure of $0.010. Thus, Rebel Satoshi’s outstanding growth potential has prompted multiple market experts to recognize $RBLZ as one of the best cryptocurrencies to buy now.
For the latest updates and more information, visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.
The post Reddit discloses decision to invest in Bitcoin (BTC); Rebel Satoshi ($RBLZ) presale coming to an end appeared first on Invezz
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