- AAVE gains 10.5% despite critical security issues.
- Monero lost 7.7% in value after news of the CCS wallet hack came out.
- Rebel Satoshi (RBLZ) shines among new ICOs, aiming for a $100 million market cap.
Earlier this month, Aave Protocol (AAVE) reported a security problem, but the price of the platform’s native token was not affected. But a CCS wallet hack led to a drop in the value of Monero (XMR). Amidst the uncertain security situation of the market, Rebel Satoshi (RBLZ) has been gaining the investors’ trust.
Let’s learn more about these top altcoins and figure out which ones can be the most profitable in the future!
AAVE Gains Despite Security Problems with Aave Protocol
On November 4, 2023, after a security issue, Aave paused its V2 Ethereum market and froze certain assets on V3 on Polygon, Arbitrum, and Optimism. Although a few users complained about the issue, it did not affect the price of the platform’s native token, AAVE.
On November 4, AAVE was trading at $88.55, and since then, it has gained 10.5% in value to reach $97.87 as of November 16. It is worth mentioning that Aave was able to resolve the security issue and unpause the V2 and V3 markets on November 13.
During the nine days that the security issue remained unresolved, the price of AAVE saw a little fluctuation. But despite the uncertainty, it remained stable for the most part.
The future of AAVE also looks hopeful if bullish trends continue. Crypto experts predict that AAVE can trade at $167.03 by the end of 2024. That projection makes AAVE one of the altcoins to watch for massive profits.
However, it is important to remember that the price of AAVE can also be affected by bearish trends. In that case, AAVE would trade at $144.14 at the end of 2024.
CCS Wallet Hack Makes Investors Question the Safety of Monero
On November 5, 2023, the Monero team announced that the CCS (community crowdfunding system) Wallet was hacked on September 1. During the hack, the entire balance of 2,675.73 XMR was stolen.
The Monero team did not reveal the exact method the attackers used for infiltrating the wallet. As a result, investors became concerned about the safety of Monero. Since Monero is a privacy-focused infrastructure, the news of the hack is all the more unsettling for users.
Since the news was announced, XMR has lost 7.7% in value. The XMR price has gone from $170.89 on November 5 to $157.68 as of November 16. Unless Monero takes action against the attackers, it will fail to keep its image as a privacy-focused infrastructure.
It is difficult to estimate how much more in value XMR can lose if Monero fails to regain the trust of investors. According to market forecasts, XMR will trade at $239.01 by the end of 2024 if bullish trends continue.
However, the world of crypto is ever changing, and bullish sentiments can overtake the market at any time. If that happens, XMR can reach $284.73b by the end of 2024.
$RBLZ Stands Apart From New ICOs as It Sets Its Eyes on a $100 Million Market Cap
Rebel Satoshi (RBLZ) is a new meme coin currently in its presale. Still, it’s quickly gaining attention from investors for various reasons. Rebel Satoshi has entered the market with an ideology that aims to unite rebels and overthrow the status quo.
Rebel Satoshi embodies the courageous and unnerving spirits of Satoshi Nakamoto and Guy Fawkes. And like them, Rebel Satoshi aims to lead a movement against the system that only favors the elite.
Rebel Satoshi is the leader of the movement against centralized organizations. At the center of this movement is the token $RBLZ, which will act as the beacon of hope for this mission. Rebel Satoshi intends to demonstrate the power of unity and the strength of decentralized systems with help from rebels.
One of the reasons why $RBLZ is one of the altcoins to watch for investors is its aim to reach a $100 million market capitalization. The community-driven approach of Rebel Satoshi is another thing that sets it apart from its counterparts in the crypto world.
Rebel Satoshi is in the Early Bird Round of its presale at the moment, where each $RBLZ token is priced at $0.010. $RBLZ is expected to gain 29% in value and reach the price of $0.013 by the next round of its presale.
If you are an early investor of Rebel Satoshi, you can get a 150% return on investment as $RBLZ is expected to trade at $0.025 after its official launch. $RBLZ also offers exclusive benefits to its investors, including staking rewards.
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