Bitcoin Demand Rises: Toncoin and Rebel Satoshi Arcade Top Bullish Altcoins

• This is the first time in history that the demand for Bitcoins has surpassed the issuance from miners. 
• Toncoin has surged to a new all-time high, and in so doing, it has passed Cardano.
• Rebel Satoshi Arcade is a new platform fueled by the drive to redefine the crypto gaming niche.

The demand for Bitcoin has exploded over the last few weeks. On-chain data shows that demand from permanent holders has outpaced the issuance of BTC for the first time in history. The rising demand comes amidst anticipation of the 2024 halving event.

In other news, Toncoin has soared to a new ATH, earning a spot amongst the top 10 altcoins in the process. Meanwhile, Rebel Satoshi Arcade is on a mission to revolutionize the online crypto gaming space.

Rebel Satoshi Arcade (RECQ): On a Mission To Decentralize Blockchain Games

Rebel Satoshi Arcade (RECQ) is a new gaming platform that strategically adopts blockchain technology to create a decentralized gaming experience. Rebel Satoshi Arcade features an innovative approach to gaming, with the primary objective of returning back power to the hands of gamers rather than to centralized authorities.

The Rebel Satoshi Arcade platform will host many top play-to-play and play to earn (P2E) arcade games. In addition, the platform will host new classic games to make the games exciting for players. While it provides a wide array of fun games, players will be compensated for their time, milestones, and achievements within each game.

In addition to gaming, Rebel Satoshi Arcade will also feature a merchandise store, Rebel Satoshi Tokens (RECQ), and top NFTs to further strengthen its ecosystem. The cryptocurrency ICO for its RECQ token is currently ongoing, and the ERC20 token is priced at $0.0037 per coin.

Bitcoin (BTC) Demand Rises To Record High As Halving Event Nears

CryptoQuant head of research and on-chain sleuth, Julio Moreno, has reported an increase in the demand for Bitcoin (BTC). As reported in an X post, the demand for Bitcoin by “permanent holders” has hit its highest point ever recorded. Permanent holders refer to people with wallet addresses who have a history of BTC purchases.

According to the shared chart, this is the first time demand for Bitcoin has surpassed the miner’s supply. BTC demand is rising due to the expected event of the Bitcoin halving. The coming halving, which is traditionally a bullish event, is the driving force of the increased demand.

Toncoin (TON) Flips Cardano After Recent ATH

Toncoin (TON) moves have moved into the top 5 big moves of altcoin. Telegram has recently stopped the Euro payments for TON, along with its AI attempt, in collaboration with io.net. Such activities led to a rally in which the Toncoin price increased by more than 35% in the last week.

Consequently, TON jumped to an all-time high at $7.1. Considering the price surge, Toncoin is now among the top ten cryptos, displacing Cardano. Now, the market cap of Toncoin is $23.7 billion, and Cardano is worth $20.1 billion.

In Conclusion

The rise in demand for Bitcoin highlights the growing bullish sentiment ahead of the halving event. Meanwhile, Toncoin has become the ninth biggest crypto, thanks to its recent expansion moves. Also, Rebel Satoshi Arcade has become one of the top altcoins to watch because of its innovative gaming ecosystem. 

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

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