TLDR
- White hackers pocket $300,000 in recent Chainlink bug bounty
- Gas fees on Polygon skyrocket following the launch of the POLS token
- New meme coin, Rebel Satoshi, wants to achieve $100 million in market cap
Chainlink (LINK) and Polygon (MATIC) have found themselves in crypto news for different reasons. On the one hand, the former has awarded a huge bug bounty after white hat hackers uncovered a security threat. Meanwhile, Polygon’s gas fees surged after releasing a related token.
Despite these developments, some investors have eyed a new project with the potential of being the best coin to invest in. Stick around to find out more – let’s first uncover the latest for Chainlink and Polygon.
Ethical Hackers Earn $300,000 From Chainlink After Uncovering Vulnerability
Despite the wonders of top DeFi projects and decentralized platforms, bugs are almost unavoidable. In response, ethical hackers can get rewarded handsomely for honestly reporting on them.
This is the recent case with Chainlink and two ‘good’ hackers, Zach Obront and Or Cyngiser of Trust. Obront and Cyngiser earned $300,000 from Chainlink for discovering a vulnerability in the network’s Verifiable Random Function (VRF). The VRF is a random number generator for smart contracts to get random values securely to prevent tampering.
In more positive news, the much-anticipated Staking v0.2 will launch on November 28, 2023. News of this staking upgrade had fueled optimism among Chainlink within the last few months, contributing to the price’s rally.
Most predictions expect higher values after LINK hit a new monthly high of $16.62 (now down to $15.15). Realistically, LINK may begin 2024 being worth at least $18, hitting a minimum yearly peak of $25.
Polygon Gas Fees Spike 1,000% Amid Ordinals-Inspired Token Hype
The Polygon network recently experienced a 1,000% spike in gas fees (hitting a $0.10 peak). The catalyst for this rare surge is due to the minting of a new Ordinals-like coin, POLS. It uses the Polygon-based token standard, PRC-20, which operates like the BRC-20 standard for Bitcoin Ordinals.
Like BRC-20, PRC-20 allows users to mint the coolest NFTs directly on Polygon. Data from Dune Analytics showed that 102 million MATC (worth about $86 million) was used for the gas fees.
Meanwhile, MATIC is trading at $0.86, a value 74% higher than the October low of $0.50. Moreover, according to forecasts, it can begin 2024 worth at least $1, reaching a minimum yearly peak of $1.50.
So, what was the project teased earlier about? Well, feast your eyes on Rebel Satoshi ($RBLZ).
Rebel Satoshi Aims For Feasible $100 Million Market Cap Target
Meme tokens have proven to be more than fun and games, outperforming many well-known top crypto coins. Rather than being another Doge or Shiba Inu copycat, Rebel Satoshi is themed around rebellion. As its name suggests, it combines ‘rebel’ and ‘Satoshi,’ referring to the pseudonymous creator.
The project takes motivation from Satoshi due to their unprecedented, far-reaching efforts to win against the financial status quo. Rebel Satoshi wants to contribute further in eliminating centralized systems so that decentralization rules.
Rebel Satoshi’s feasible objective is to hit $100 million in market cap. Along with releasing a play-to-earn game, this would complete the last phase of its roadmap. The first part of the roadmap is the presale for Rebel Satoshi’s utility token, $RBLZ.
Along with governance power, users can earn from staking $RBLZ. They also need the token to participate in Rebel Satoshi‘s NFT marketplace, which has almost 10,000 special rebel-inspired collectibles and digital art.
$RBLZ is selling for a dirt-cheap price of $0.010, which is expected to be worth $0.025 after the presale. Thus, early adopters can see a 150% return with minimal effort and time.