The crypto market entered a stage of bearish resistance this summer, which is taking a heavy toll on prominent coins such as Bitcoin and Ethereum. Traders are migrating to other assets, attempting to dodge losses from the market downturn. One token showing promise for the future is Rollblock, hailed by analysts as the next crypto moonshot.
The new lucrative GambleFi protocol is gaining traction, quickly selling out its initial two presale stages, with interest soaring in stage 3. The project combines decentralized and centralized blockchain technology to enhance the gambling experience, offering greater security and transparency than traditional platforms. Having already seen a 58% price increase, experts believe that Rollblock is poised to rally 100x in 2024.
Bitcoin Recovers to $62,000
It’s not something analysts could have foreseen, but the unsuccessful assassination attempt on presidential candidate Donald Trump stopped Bitcoin’s descending trendline. The former U.S. president is a supporter of cryptocurrencies, and the failed attempt on his life on Saturday, July 13th, infused confidence in the cryptocurrency market.
Bitcoin is one of the beneficiaries of this situation, crossing the physiological price level of $62,000, something it struggled to achieve last week. At the start of July, Bitcoin experienced a swing saw effect. It climbed to $59,485, just to tumble back to $57,000 and rally back to $59,529 a couple of days later.
Bitcoin’s volatility is nothing new, but the all-time high price of $73,000 in March does not look like something will be achievable soon. Although Bitcoin’s price spiked to $62,000, the bulls are still unable to break out over the 200-day moving average to open a path for a bull run.
Ethereum Is Entering Testing Times
Ethereum’s trading volume declined this summer despite the upcoming launch of Ethereum ETFs and the recent Dencun upgrades. Historically, ETH prices fell in line with Bitcoin, and that trend is repeating now. Ethereum is trading at $3,344 at the time of writing and is ready to test the $3,400 resistance level in the upcoming days.
According to experts, the current market is a time of consolidation for Ethereum, and the rise in buying interest is necessary to maintain the upward momentum. Ethereum could jump to $4,000 soon if the uptrend continues, but nothing is guaranteed.
The bears still pose a danger, and if their grip over the market tightens, Ethereum could decline as low as $2,625 in July. This instability is a cause for concern among investors, who are starting to develop doubts about the second-largest crypto coin.
Rollblock Is Confidently Sailing Ahead
The fluctuations of crypto market leaders motivate investors to seek new promising coins. One token being talked about louder by the week is RBLK, which is currently in its third presale stage. Analysts are excited about the potential of Rollblock (RBLK) to reshape the iGaming scene via its revenue share model. The new GambleFi protocol is outmaneuvering established tokens with promises of a 100x rally once its listed on major exchanges.
A billion RBLK tokens are minted, and 60% of that supply is dedicated to the presale. The current price is $0.0158 per coin, and the project has already raised over $1 million.
Passive income is attainable through several methods throughout the Rollblock ecosystem. For example, RLBK holders can generate profits by staking, liquidity provision, dividend distribution, affiliate programs, and yield farming.
Rollblock implements a profit-sharing model by distributing weekly profits among token owners. To do this, it uses profits to buy $RBLK from the open market. Half of these tokens are burned, and half are allocated as staking rewards.
Token holders will also be granted a range of rewards in the Rollblock casino, including access to exclusive games. Rollblock is currently in stage three of its presale. Less than 20% of the rounds supply remains, and as a result investors are flocking to the project to maximize their potential returns. Having already outperformed the market for two consecutive months, experts believe that Rollblock is on track to become one of the best new altcoins of 2024.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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