Altcoins tend to follow Bitcoin’s (BTC) price action which can lead to huge market downturns, with projects crashing over 30% in days. Cosmos (ATOM) and Aptos (APT) are two altcoins facing this dilemma, having faced steep declines in Q3.
However, experts believe that Rollblock (RBLK), a new hybrid casino ecosystem, looks set to 100x its gains irrespective of Bitcoin’s (BTC) current price. This is after successfully making its third new all-time high in July alone, offering early investors a return of over 50% in less than two months.
Cosmos (ATOM) is at 2023 Bearish Lows
Cosmos (ATOM) experienced significant volatility in June and early July 2024. The project has followed Bitcoin (BTC) downwards and dropped 18.5% to a support level last tested on June 15th. Binance shows Cosmos (ATOM) trading with a $3.95 million 24-hour trading volume and the major resistance at $5.643 was breached just a week ago.
The Cosmos (ATOM) MACD daily has formed a clear cross, with significant liquidity technically non-existent below in the Binance ATOM/USDT spot market.
In spite of this, technical analysis shows there to be a large number of sell orders at the $14.468 level. This could be bullish for Cosmos (ATOM) and indicate potential price increases over the next month.
Aptos (APT) Crashes 270% in Price
Aptos (APT) has also faced steep price declines, with 270% of its price value cut during the recent Bitcoin (BTC) drop. Due to this price crash, Aptos’ (APT) daily trading volume has fallen, suggesting that a bearish market sentiment could be building.
While some experts believe that Aptos could recover, Aptos’ recent token unlocking could cancel out any major rallies. On July 12th, Aptos released $70 million worth of tokens to the market. Price declines usually follow such events, and therefore analysts believe that Aptos could be a risky bet.
Rollblock (RBLK) Pushes To A New All-time High
Rollblock (RBLK), a new GambleFi protocol, combines centralized and decentralized features to provide a unique gambling experience unlike anything currently available.
Rollblock (RBLK) has already experienced three price increases in July and has raised over a million dollars in its presale. On its current trajectory, analysts believe that RBLK tokens could see a 100x return this year alone.
Being the first community-backed crypto casino of its kind, Rollblock (RBLK) offers unique mechanisms like allowing token holders to obtain a percentage of the casino revenues simply by holding the native token. This system has the potential to disrupt the casino market.
With Rollblock (RBLK), the transparency problem encountered in many casinos is a thing of the past. Each transaction is immutable and permanent, making it impossible to change bets after they’ve been placed. Consequently, the casino experience becomes more fair and trust issues common in the traditional online gambling sphere can be mitigated.
The platform offers over 150 unique game modes. These include favorites like poker and blackjack, as well as innovative AI powered opportunities. Rollblock also plans to introduce sports betting to its portfolio, allowing investors to place bets on sports like tennis, soccer, the NFL and more.
RBLK tokens play an important role in the Rollblock ecosystem. They’re used as payouts for games and token holders will be granted a share in the platform’s revenue. Rollblock will allocate up to 30% of its daily revenue to buying back $RBLK from the open market.
This results in millions of dollars of native tokens being bought per week. Half of the tokens are burned from the supply, while the other half serve as staking rewards for RBLK holders, offering a high APY.
With a limited supply of one billion tokens and a current presale price of just $0.0158, experts believe investors could make huge returns if they get involved early. They expect the price to rise over 720% from its current amount, with early adopters already up by 58%. With additional price increases expected before the month and stage 3 over 80% sold out, investors need to capitalize on this opportunity before RBLK soars!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website:https://Rollblockpresale.io/ Socials: https://linktr.ee/Rollblockcasino
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