NEAR Protocol and Dogecoin Investment Outlook: Experts Point to a Exciting Profitable Memecoin
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- NEAR Protocol (NEAR) gained 30.5% in value after the Nym partnership.
- Experts believe Dogecoin (DOGE) can cross the $0.1 price mark in 2024.
- Rebel Satoshi is expected to become the next best ICO as it sets its eyes on a $100 million market cap.
NEAR Protocol (NEAR) has partnered with Nym to provide extra security to its users. Meanwhile, Dogecoin (DOGE) has increased in value after breaking the 900-day-long resistance. But it is Rebel Satoshi ($RBLZ), a new meme coin that is attracting investors by offering exciting benefits and rewards to its token holders.
Let’s dive into the details about these altcoins and discover the best crypto to invest in!
NEAR Surges After the Announcement of Nym Partnership
On November 1, 2023, Binance News reported that NEAR Protocol has partnered with the blockchain security firm Nym. The partnership will bring metadata privacy services and end-to-end encryption to NEAR Protocol’s ecosystem.
Furthermore, Nym’s mixnet tools will offer an extra layer of security to NEAR users. By cloaking NEAR Protocol’s blockchain traffic and transaction data, Nym will protect users from malicious actors.
As a result of the partnership, the price of NEAR increased by 30.5%. When the partnership was announced on November 1, NEAR Protocol was trading at $1.3340 per NEAR. However, by November 13, the price of NEAR had reached $1.7418.
For those looking to invest in NEAR, it is better to see what forecasts say about the coin’s future. According to market analysts, in case of bullish trends, NEAR can reach the price of $2.97 by 2024. But if bearish trends take over the market, NEAR Protocol can trade at $2.42 next year.
Since NEAR has seen a price surge recently, it should be on the list of altcoins to watch for investors.
Dogecoin Gains Momentum Despite Binance’s Announcement to Delist DOGE/BUSD
On November 2, 2023, Binance announced that the platform would delist 23 trading pairs, including DOGE/BUSD, on November 9. The decision is not surprising since Binance plans to end support for BUSD by early 2024. Fortunately for DOGE holders, the news did not affect the coin’s value.
In fact, DOGE has been steadily gaining value recently. The reason behind that is dogecoin clearing 900-day resistance. According to technical analysis, DOGE has been under a long-term descending resistance trend line since it reached its all-time high of $0.7376 on May 8, 2021.
After numerous failed attempts, Dogecoin finally broke out from the trend line in November. According to analyst Rekt Capital, this significant technical breakout points towards a new uptrend. Technical analysis also predicts that DOGE is going to embark on a bullish wave.
Since the start of November, the price of Dogecoin has increased by 20.1% until the 13th of the month. When the delisting of the DOGE/BUSD trading pair went into effect on November 9, Dogecoin was trading at $0.0705. It surged by 12.5% to reach $0.0794 on November 13.
According to market forecasts, DOGE can trade at $0.14 in 2024 if bullish patterns persist. But if bearish trends take over the market, Dogecoin will not go above $0.12 in the next year.
$RBLZ Eyes 100 Million Market Cap, Joins the List of Top New ICOs
Rebel Satoshi ($RBLZ) has quickly established itself as one of the best new ICOs by offering staking rewards and eliminating buy-and-sell taxes.
RebelSatoshi was inspired by the courageous and daring spirits of Satoshi Nakamoto and Guy Fawkes. Following in their footsteps, $RBLZ aims to challenge the existing norms by establishing a community of rebels.
$RBLZ token is an exceptional asset that grants Rebel Satoshi holders various benefits. Moreover, $RBLZ holders can earn rewards through staking and be a part of a community of rebels by supporting the RebelSatoshi ecosystem.
Rebel Satoshi aims to reach a $100 million market capitalization, which is one of the reasons why it leads the list of new ICOs. At the moment, RebelSatoshi is in its Early Bird Round presale, where you can get $RBLZ tokens at $0.010 per $RBLZ.
As the value of $RBLZ is expected to surge to $0.025 at the end of the presale when Rebel Satoshi officially launches, early investors can look forward to an impressive 150% return on investment.