TLDR
Following Elon Musk and Tesla's adoption, Dogecoin (DOGE) has seen a muted upsurge, climbing by 0.56%.
Shiba Inu (SHIB) dips slightly following an increase in the SHIB burn rate.
Rebel Satoshi ($RECQ) has emerged as the best ICO investors' pick as it rises by 120%.
Elon Musk finally made good on a promise he made to Tesla Employees in Berlin a few weeks back, sparking a surge in DOGE's price. However, it has been a different tale for SHIB, which has been on the decline despite an increase in its burn rate. As such, experts believe that Rebel Satoshi's $RECQ is a better investment option than Dogecoin and Shiba Inu. Let's see why $RECQ is considered the best crypto to buy ahead of DOGE and SHIB.
Elon Musk Fulfills Dogecoin Pledge As Tesla Formally Adopts Dogecoin As A Payment Method
In a May 4 move, major e-car manufacturer Tesla, led by Elon Musk, accepted Dogecoin as an official payment option for its website. The payment page has been updated to support Dogecoin, the cryptocurrency community's favorite meme coin.
Following recent events, there has been a noticeable surge in the value of Dogecoin. On May 4, DOGE was valued at $0.1602, but this figure rose to $0.1611 by May 5, indicating a 0.56% increase. Projections from Dogecoin experts hint at potential further growth, with estimates suggesting a rise to approximately $0.2847 by the end of May.
Conversely, among DOGE analysts, bearish forecasts have emerged. Some DOGE analysts have expressed apprehensions regarding Dogecoin's recent performance. These DOGE analysts anticipate a potential decline, suggesting that the Dogecoin price action might lead DOGE to dip to around $0.1135 by the end of May.
Shiba Inu Burns Over 80 Million SHIB Tokens; Burn Rate Spikes By 4,085%
Shiba Inu has seen a significant increase in its burn rate, with more than 81 million tokens moved to dead wallets. Shiba Inu burn tracker Shibburn reports a burn rate of 4,085.94% since May 5.
After this development, Shiba Inu observers have detected a decline in SHIB's value. SHIB experienced a decrease from $0.0000247 on May 5 to $0.0000242 on May 6, marking a 2.06% decline in the coin's price. This downturn has sparked worries among SHIB investors, who anticipate a further drop to $0.0000181 by the end of May.
Conversely, certain Shiba Inu experts foresee that increased adoption could lead to a surge in SHIB's value. Thus, they see the coin potentially reaching $0.000038 by the end of the month.
Rebel Satoshi's $RECQ Surges, Boosting Investor Confidence!
Rebel Satoshi, an emerging meme coin project that aims to usher in a new era of decentralization, has dominated crypto headlines due to the rapid expansion of its dual-token ecosystem. Specifically, Rebel Satoshi completed the public presale of its governance and membership token, $RBLZ, in less than four months.
Furthermore, $RBLZ debuted on four exchanges – CoinGecko, CoinStore, Uniswap, and DEXTools – following its presale, resulting in a 150% ROI. This amazing growth trajectory paved the way for Rebel Satoshi's foundation currency, $RECQ.
$RECQ serves as Rebel Satoshi's base currency, underpinning all transactions, purchases, prizes, and fees. To this purpose, Rebel Satoshi has set the maximum supply of $RECQ coins at 3 billion. In May, $RECQ launched Stage 2 of its public presale at $0.0044, which indicates that Early Bird Round investors who purchased $RECQ at $0.0010 have earned a 120% ROI.
Interestingly, when $RECQ achieves its listing price of $0.0125, Early Bird Round investors would profit by 525%. Stage 2 investors, on the other hand, will see their $RECQ holdings increase by 184% when the price reaches $0.0125. This huge growth potential makes $RECQ the best cryptocurrency to invest in right now!
For the latest updates and more information, be sure to visit the official Rebel Satoshi [Website](https://rebelsatoshi.com/) or contact Rebel Red via [Telegram](https://t.me/RebelSatoshi)
Source: https://thebittimes.com/rebel-satoshi-recq-blasts-off-to-new-heights-dogecoin-and-shiba-inu-investors-witness-the-rise-of-this-new-memecoin-tbt88359.html