The Emerging Cryptocurrency Catching The Eye of TRON and dYdX Investors
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- Poloniex hacker boosts TRX value by 11%.
- ethDYDX gains 34.7% in value after the launch of the dYdX Layer-1 Blockchain.
- A new coin challenging centralized systems could be the next top altcoin in the market.
Recently, a hacker pumped funds stolen from Poloniex into TRON (TRX), boosting the coin’s value. Meanwhile, dYdX (ethDYDX) announced the launch of the completed dYdX chain. However, it is to be seen whether TRX and ethDYDX can maintain their momentum or not. In the meantime, a new cryptocurrency has emerged as the best ICO with promising future predictions.
Let’s learn more about these recent developments and find out what’s the best crypto to invest in!
TRX Surges Despite a $100 Million Theft Hitting Poloniex
On November 10, 2023, the security firm PeckShield directed Poloniex’s attention towards suspicious outflows from one of its wallets. Soon after, Justin Sun, the founder of TRON, confirmed that Poloniex was investigating a hacking incident but did not mention the amount of losses.
However, according to blockchain security firms, Poloniex’s losses had exceeded $100 million as of press time on the same day. Interestingly, though, the hack at Poloniex boosted the price of TRX. Scopescan, an analytics and investigation tool, revealed that the Poloniex hacker used the stolen funds to buy TRX.
It was further revealed that the attacker bought $22 million worth of TRX on November 10. As a result, the price of TRX surged by 11% and went from $0.09891 on November 10 to $0.1088 as of November 12. The altcoin price has been steady since November 10, and if bullish patterns persist, the TRON token can go up to $0.19 in 2024.
On the other hand, bearish forecasts predict that TRON’s price might not exceed $0.16 per TRX in 2024. We will have to wait and see what the new year has in store for the TRON Foundation and its token TRX.
ethDYDX Crosses $3 After launching the dYdX Layer-1 Blockchain
On October 24, 2023, dYdX shared their fully open-source dYdX Chain on Twitter (now X). The dYdX community chose ethDYDX as the Layer-1 token of the dYdX chain. As a result, the value of the token soared past $3.
The price of ethDYDX rose by 50.4% and went from $2.0872 on October 24 to $3.3696 as of October 12. The selection of ethDYDX as the Layer-1 token was also appreciated by the token holders. The move will offer ethDYDX holders security and governance powers. They will be able to both propose ideas and vote on proposals.
Moreover, ethDYDX holders will also have the option to serve as validators or delegate their stake to other validators.
According to market forecasts, ethDYDX can trade at the price of $4.35 by the end of 2024 if bullish patterns continue. However, bearish forecasts suggest that dYdX may be priced at $3.64 per token at the end of 2024.
$RBLZ Expected To Offer Early Investors a 150% Return on Investment
Rebel Satoshi (RBLZ) has quickly made it to the list of the best new ICOs in its Early Bird Round of the presale. What separates $RBLZ from other meme coins is that it embodies the brave and rebellious spirits of Satoshi Nakamoto and Guy Fawkes.
Rebel Satoshi aims to challenge the existing centralized systems and unite the rebels under one banner. What sets it apart from other new ICOs is that it aims for a $100 million market capitalization.
$RBLZ is an extraordinary new token that offers its holders a long list of exclusive benefits. The holders can not only get rewards through staking but also support the Rebel Satoshi ecosystem. Rebel Satoshi aims to build a community of rebels by giving holders the power to support the ecosystem.
Currently, Rebel Satoshi is in its Early Bird Round presale, where you can get the tokens at $0.010 per $RBLZ. Furthermore, $RBLZ will see an increase of 29% to reach $0.013 in the next round of the public presale.
Early investors of $RBLZ can look forward to an impressive 150% return on investment as the token’s value is expected to reach $0.025 per $RBLZ when Rebel Satoshi advances toward its official launch.