Altcoins
Analysts Pick a New Altcoin to Buy as Litecoin and Uniswap Prices Drop
Last updated: April 19, 2024, 10:45 p.m. EDT | 2 minutes of reading
TLDR:
- Litecoin price has fallen 7.8% over the past month.
- Uniswap price fell 38.3% last week. The US SEC’s Wells opinion is responsible for the massive price drop.
- Rebel Satoshi Arcade adds more value to what a coin is.
Since the rally in early March, most altcoins have been in a downward trend. Selling pressure hit top altcoins such as Litecoin and Uniswap, forcing them to lose the gains they made last month.
At the same time, a new alternative digital currency is now making waves in the market. The recently introduced altcoin, Rebel Satoshi Arcade, is seeing a huge influx of attention from investors and traders.
Rebel Satoshi Arcade ($RECQ) Changing the Meme Coin Narrative
Rebel Satoshi Arcade (RECQ) transforms what a coin can be by launching a coin that has utility in the gaming world. Traditional memecoins are usually for fun, with no other function. However, Rebel Satoshi Arcade goes even further and has a bigger mission. The team is developing a gaming platform that includes different games to win games.
These games are not just for entertainment; they are designed to reward players for their time. Players can earn free ERC20 tokens, NFTs and in-game assets, which they can sell for real money. This approach offers players passive income based on how much they play and what they achieve in games.
The platform will also offer unique collectibles and digital merchandise. RECQ, the native token of Rebel Satoshi, is a very important part of this gaming community. In addition to being the key to accessing these games, it is used to buy and sell in-game items and NFTs. Currently, RECQ is available for sale at just $0.0037 per token.
Litecoin (LTC) under strong bearish pressure
Litecoin (LTC) has seen a decline of over 7.8% over the past month, following a local peak of around $112.32. The altcoin price rose from a low of $71.31 to reach this local high. Unfortunately, the bulls were unable to keep up with the bearish market sentiment.
On the lower time frame, Litecoin price declined by 24.4% over the past seven days. The altcoin is trading around $70 and could fall even further if buyers do not enter. Additionally, Litecoin only has 4 creating bullish signals among its 31 technical analysis indicators. The probability of recovery is therefore quite low.
Uniswap (UNI) still battling bears
Uniswap (UNI) is yet to recover from the ripple effects of the SEC notice it received on April 10, 2024. The price of the DeFi crypto fell after the news hit the crypto market. crypto. Investors were abandoning their tokens for fear of further price drops.
Currently, Uniswap is down 38.3% on the weekly price chart. The DeFi token fell from its weekly high of $11.62 to a low of $6.34. Meanwhile, Uniswap is green on the chart year-to-date with a 15.7% gain. However, Uniswap’s chances of recovery are low and will depend on the outcome of its battle with the SEC.
Final Thoughts
Litecoin and Uniswap have yet to regain a foothold in the market. However, all this could change in the coming days if positive momentum returns to the crypto market. As for Rebel Satoshi Arcade, its decision to merge memecoin with a gaming utility is a major move. This dual utility makes it a good crypto to buy.
For the latest updates and more information, be sure to visit the official website Satoshi Rebel Website or contact Rebel Red via Telegram.
Disclaimer: The text above is an advertising article and is not part of Cryptonews.com editorial content.