Key Takeaways:
- Hong Kong mulls allowing retail investors to trade spot crypto ETFs.
- PancakeSwap surges 35% in a week after introducing a 10% staking and trading reward.
- RebelSatoshi continues hitting the airwaves due to its projected 150% presale spike.
Hong Kong has started considering spot crypto ETFs for retail investors. This news saw investors flock to buy top altcoins like PancakeSwap (CAKE). Meanwhile, Rebel Satoshi ($RBLZ), an upcoming meme coin, has amassed massive investor interest due to its projected 150% ROI during its public presale.
Will PancakeSwap continue soaring to match the projected gains in RebelSatoshi? Let’s find out!
Hong Kong Warms Up to Spot Crypto ETFs
Hong Kong is considering letting retail investors buy and trade spot crypto ETFs. A report on November 6 revealed that Hong Kong’s securities watchdog, the Securities and Futures Commission (SFC), is mulling this decision. According to SFC’s CEO Julia Leung, Hong Kong is ready to trial the ideal provided new risks are addressed.
Notably, this change of heart comes after the SFC restricted retail investors from accessing spot crypto ETFs in January. By allowing retail investors to buy spot crypto ETFs, Hong Kong will have exposed its residents to the crypto industry, a development that would foster more trading.
This explains why top crypto coins like PancakeSwap surged on this bullish news.
PancakeSwap Gains 35% In a Week: Bulls Set To Continue Charging!
PancakeSwap has been one of the best-performing cryptos over the past seven days, starting November 3. On November 3, CAKE was trading around $1.50. However, CAKE broke out on a bullish rally on November 4 after news of PancakeSwap offering CAKE stakers and traders a 10% reward until November 13 surfaced.
As a result, more traders and stakers embraced CAKE, forcing its price to hit $2.03 on November 9. This price means PancakeSwap has surged 35.33% in a week. This price action makes PancakeSwap a good crypto to buy. Moreover, experts believe CAKE is primed for more gains in 2023.
Specifically, analysts believe CAKE will close November at $2.15 and continue spiking to close the year at $2.24. Analysts peg this bullish CAKE prediction on CAKE getting more adoption due to its deflationary mechanism, which saw it burn over 9 million CAKE tokens on November 7.
Rebel Satoshi Makes Waves With its Promise of a 150% Presale Jump!
Rebel Satoshi, an upcoming meme coin that aims to challenge centralized organizations and introduce a new era of decentralization, has attracted hordes of investors despite being in its public presale. The Rebel Satoshi project aspires to gather Recusants, anyone who refuses to accept or obey without question, and hit a $100 million market cap.
To achieve this goal, Rebel Satoshi depends on its native $RBLZ token. $RBLZ is unlike other meme coins in that it features a supply cap of only 250 million tokens. Combined with a deflationary mechanism, this supply cap makes $RBLZ the best cryptocurrency to invest in now! Furthermore, $RBLZ holders will get access to the RebelSatoshi NFT vault, which contains 9,999 unique NFTs.
As of November, Rebel Satoshi was in the Early Bird Round of its ongoing public presale, with $RBLZ priced at $0.010. RebelSatoshi has branded the next round Rebel, and the price of $RBLZ is set to jump to $0.013 during this round. This $RBLZ price surge will see the investment of Early Bird investors swell by 30%.
Moreover, Rebel Satoshi has set the listing price for $RBLZ at $0.025. Once $RBLZ attains this price, Early Bird investors will realize a 150% ROI. This projected surge makes $RBLZ the best crypto to buy now.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram
Please note that the Discord and Telegram communities are for Recusants and $RBLZ holders only.
Disclaimer: The statements, views and opinions expressed in this press release are solely those of the content provider and do not necessarily represent those of CoinChapter. CoinChapter will not be responsible in any way for the content of the same. Do your research and invest at your own risk.
