May 26, 2024

Celestia price declines as OKB and Rebel Satoshi Arcade soar

TLDR:

Celestia’s price has dropped 12.7% in the past week.
OKB’s price has increased 4.9% on the 14-day price chart. OKX’s launch of the X Layer network might be responsible for the recent gains. 
Rebel Satoshi Arcade is on the rise, with its crypto ICO selling over 355 million tokens in stage 1.

The crypto market witnessed a massive shift lately that left several top crypto coins gasping for air. The likes of Celestia were among the first to feel the heat, as it dropped 12.7% on the weekly price chart. Meanwhile, OKB and Rebel Satoshi Arcade are currently in the green, thanks to recent developments in their respective ecosystems. 

Rebel Satoshi Arcade ($RECQ) presale soars due to its decentralized gaming platform 

Rebel Satoshi Arcade ($RECQ) is a new DeFi project that has hit a remarkable milestone, selling 80% of the tokens for stage one of its crypto ICO in a short amount of time. 

Rebel Satoshi is building a decentralized gaming ecosystem where members are at the top of the food chain. The gaming ecosystem does not have a centralized authority that makes the decision. 

Instead, the members of the community make the decisions; they have a say in the platform’s operations, the kind of crypto games that are released, and so many other rights. Apart from being a decentralized platform, Rebel Satoshi Arcade operates on a play-to-earn model – gamers are rewarded for playing games, giving them a source of passive income.

Finally, Rebel Satoshi Arcade has a marketplace where players can buy several assets like new gaming tools, upgrade their weapons, and even add the best NFTs to their collections.

The token used for these transactions is the $RECQ token. In addition to its use as a transaction token, the $RECQ token gives its holders access to top NFTs and new games that are yet to hit the market, you can join before that for only $0.0037 per RECQ token.

Celestia (TIA) price continues to consolidate

Since reaching an all-time high of $20.85 on February 10, 2024, Celestia (TIA) has been on a downtrend. The alt coin is now trading between $8.52 and $11.88 in April after falling 12.7% in the past week. 

There has been a relentless battle between bulls and bears, with neither showing dominance. As a result, TIA continues to consolidate at the range of $8-11. Nonetheless, Celestia stayed in the top 50 cryptocurrencies, trading at $10.5 with a market cap of $1.88 billion.

OKB (OKB) price surges as OKX launches its own L2 network 

The native token of the OKX crypto exchange, OKB (OKB), has been bullish, defying the bearish trend in the crypto market. The price of OKB recently recorded a new all-time high at $73.80 in mid-March but couldn’t retain the bullish momentum above $70. 

Retracing with the rest of the crypto market, OKB has dropped back to the $50.61 – $61.16 price zone. However, following the announcement from OKX about the release of the layer-2 (L2 network) called X layer, OKB has regained bullish momentum. The altcoin is up by 9% since April 13, forcing a retest of the $60 resistance.

In summary

Celestia is still among the top 50 cryptocurrencies in the market despite its poor price movement. Meanwhile, OKB and Rebel Satoshi Arcade are two top altcoins that are in the green. While the recent development around OKX is responsible for OKB’s latest surge, that of Rebel Satoshi Arcade is its gaming platform. 

For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram, Twitter, or Discord.

The post Celestia price declines as OKB and Rebel Satoshi Arcade soar appeared first on CoinJournal.