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Analyst Arthur Hayes uses the market dip to increase his Dogecoin position, while Rollblock (RBLK) sets milestones with 3,500 registrations and a 40% ROI for early investors.
Crypto analyst Arthur Hayes stated on X that he appreciates the sideways market fluctuations that have led to a dip in the price of shitcoins, as he attributed his ambition to increase his position in Dogecoin (DOGE). This sentiment comes at a time when Dogecoin is recording a price dip as Cardano’s new partnerships aim to assist the coin in regaining its positive uptrend in the coming months.
However, amid all this, Rollblock (RBLK), a new crypto, continues to set new milestones. It has registered over 3,500 members and offers a 40% ROI to early investors. This move has already established Rollblock as a leading crypto.
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Rollblock amasses over 3,000 registrations in a month
Rollblock’s popularity is on the horizon. In just a month, the project has gained over 3,500 registrations, with its utility token, RBLK, seeing a 40% surge. Moreover, Rollblock has already raised over $800,000 as it aims for the $1m target by the end of June. With such a performance, analysts continue to predict a positive trend as new investors flock to stage three of its presale.
While catching lots of attention from the crypto space, Rollblock aims to take advantage of the online gambling industry, which is set to surge massively by 2028. With this, Rollblock has already unveiled a fully operational and licensed online crypto casino. The project utilizes blockchain technology to increase the platform’s security, efficiency, and transparency, which have been the main issues plaguing the gambling industry for years.
Rollblock offers 100% anonymity to its users as it does not require the KYC checks during registration. Setting Rollblock apart from the rest of the hyped online crypto gaming tokens is its unique revenue-sharing model. This model utilizes up to 30% of its weekly revenue to purchase back RBLK tokens from the open market. Half of the repurchased tokens are then eliminated from circulation through a burning mechanism. The remaining half is then utilized as staking rewards.
This move helps holders profit from continuous buying pressure that drives up the RBLK token, making it one of the most promising cryptos of 2024. Rollblock will also introduce sports betting in the coming months, allowing users to place bets across hundreds of markets in the biggest sports worldwide like NBA, NFL, Golf, Soccer etc. This will add another incredibly profitable segment to their GambleFi protocol, something that is great for RBLK holders. Currently at its stage three presale, where the token is trading at $0.01, Rollblock is set to undergo a 100x surge by the end of its presale stages. Rollblock also has a $20,000 giveaway in the ongoing EURO 2024 football tournament, where users can win prizes each day for giving correct predictions. Participants need to join their discord channel to take part.
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Dogecoin bears return as indicators point to more losses
After a decent recovery trend, Dogecoin has already faced resistance near the $0.1285 zone. Dogecoin failed to record a higher price trend as it started a new decline trend over the past week, recording over 13% dip. The Relative Strength Index for Dogecoin registered an uptick after hitting the oversold region.
This hinted at a trend reversal that might allow Dogecoin to recover from its recent losses. However, Dogecoin’s MACD has displayed a clear bearish advantage within the crypto market. If DOGE bulls can step up and initiate a trend reversal, then Dogecoin might be able to reclaim the $0.14. But if the dipping trend continues, then the price of Dogecoin might plummet to the $0.117 mark in the coming days.
Cardano’s partnerships set to help recover a positive trend
Cardano, one of the best cryptos in the market, has been witnessing substantial proliferation in acceptance owing to its pioneering methodology within blockchain technology, which has enticed many collaborations and investors. Cardano uses the Ouroboros proof-of-stake consensus approach, which securely and effectively processes more than 1,000 transactions per second. Moreover, the Cardano subreddit also has massive community support of over 500k individuals.
Cardano’s strategic partnerships with different organizations, including its partnership with Argentina, have expanded its range of uses. Moreover, the decentralization of the Cardano platform is upheld by over 3,000 stake pools, guaranteeing the durability and security of the network.
Additionally, Cardano had more than 30m transactions within the first quarter of 2024, highlighting a significant growth of 40% compared to its previous quarter. With its strategic partnerships and collaborations, analysts predict that ADA might hit the $2 mark in 2024, making it one of the top 5 cryptocurrencies to invest in 2024.
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Will Rollblock outshine Dogecoin and Cardano in 2024?
While Dogecoin and Cardano are established cryptos within the market, Rollblock’s presale performance is also positioning the token among the leading coins to invest in. Its unique features and analysts’ predictions also seem to have captured the attention of investors, many of whom are jumping in and taking advantage of its current low price.
To learn more, visit the Rollblock website and socials.
Read more: Rollblock: New altcoin with a revenue share model draws Solana and Dogecoin holders
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