The summer doldrums for crypto have continued into the autumn, as Dogecoin struggles to maintain its momentum and Vechain loses ground despite its recent ecological rebrand. Meanwhile, promising crypto casino Rollblock ($RBLK) has made yet another new high as experts predict huge 200x games this cycle.
Dogecoin ($DOGE) Struggling Under $1
Dogecoin is up 1.4% on the daily time frame to trade around $0.097. Dogecoin is currently pushing towards the 50-day EMA, a resistance that has often proved difficult to overcome for Dogecoin bulls. A look at the Dogecoin RSI indicates that it is currently moving lower, signaling ongoing bearish momentum.
There is hope that Dogecoin may be in for a bullish crossover, if it can finally flip the $0.10 point to support in the coming days. This may depend on the ‘Dogefather’ Elon Musk and whether he includes Dogecoin in another of his viral X posts in the coming days.
VeChain ($VET) Sustainability Drive Cannot Move Price
Vechain is setting out its stall to become the blockchain of choice for sustainability projects. The chain recently unveiled its ‘Ve Better’ campaign, which rewards Vechain users for making an environmental impact by making more sustainable choices such as driving electric vehicles or using regenerative farming methods.
Although Vechain adoption is growing with these diverse use cases, price is falling fast and Vechain has lost nearly 9% this week. On the monthly time frame, however, things look much more optimistic and Vechain holders will be pleased to see 30% gains in their portfolio. Whether this trend continues will depend on how well Vechain’s new initiatives are adopted by industry and retail investors.
Rollblock ($RBLK) Rolling A Six As Presale Accelerates
Rollblock ($RBLK) has reached new heights of presale hype as the crypto market wakes up to its enormous potential to disrupt the $450 billion online gambling industry. Quite simply, Rollblock leverages the colossal power of blockchain technology to revolutionize every aspect of the GambleFi sector, currently forecast to grow at around 6% a year.
Rollblock offers completely anonymous gaming with no requirements to supply KYC details. Users can simply click to connect a crypto wallet and deposit one of 20 popular cryptocurrencies.
All the classics are here, from roulette to blackjack and slot machines. All game winnings and bonuses are paid using the native RBLK token, which looks set to become a future blue chip of the crypto gaming niche. This is thanks to its huge utility and masterfully designed tokenomics, which will see supply taken off the market each week using Casino profits. As demand for RBLK goes into overdrive, supply will inevitably dwindle on exchanges.
Experts are calling for targets of over 200x as this supply squeeze takes hold in 2024. Interested crypto gem hunters should beat a path to the Rollblock presale to grab RBLK at the current low $0.025 price point.
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