Many cryptocurrency investors holding APT and NEAR tokens are increasingly moving their funds to Rollblock’s ongoing presale to earn passive income. This trend has caught the attention of many market analysts, who are calling Rollblock a potential 100x cryptocurrency.
Aptos faces continued downtrend despite rebound
APT has been on a sustained downward trend since reaching its yearly high in March. However, this is a continuation of price declines over the past year, with APT currently trading 65% below its all-time high and below 84% of the top 100 cryptocurrencies.
Although APT’s price has rebounded 24% from its yearly lows hit following the Bitcoin price crash on July 5, forecasts for APT’s future price action remain bearish, with APT strongly rejecting gains in the resistance zone around $7.26.
Additionally, APT is currently trading below its 200-day SMA, with high volatility of 8.25% and annual inflation of 107.46%. Aptos Network recently proposed to deploy Aave V3 on its mainnet, which would mark Aave’s first expansion to a non-EVM blockchain, but this again did not have much impact on the APT price.
NEAR prepares for short-term adjustments
NEAR has performed well this year, outperforming 80% of the top 100 cryptocurrencies such as Bitcoin and Ethereum, and up 297% in the past year. After rising for 20 consecutive days in the past 30 days, NEAR's short-term trend is bullish and its market sentiment also supports this outlook.
NEAR’s recent performance is closely related to Near Protocol’s recent integration of AI capabilities into its blockchain and the establishment of the NEAR AI R&D lab. As a result, it now has the most active addresses (nearly 17 million) compared to other blockchains.
Currently, NEAR is 71% below its all-time high, and it is predicted that NEAR may exceed this high this year. However, before the end of the week, NEAR may fall to $5.15 in a correction. Given that NEAR has already fallen from $6.25, this prediction seems very reasonable.
Rollblock attracts APT and NEAR holders through revenue sharing model
While holders of APT and NEAR are waiting for the next price action of their holdings, they have been continuously accumulating RBLK tokens. This is mainly because of the prediction of it as a 100x cryptocurrency by the top analysts in the cryptocurrency industry. The analysts support Rollblock because it is a GambleFi protocol that combines traditional gambling with blockchain.
Rollblock has created a real-world utility for its native token, RBLK, by integrating a fully operational online trading venue where RBLK is used as a rewards system. What’s special about this casino is that it shares 30% of its revenue with investors who hold or stake RBLK tokens, providing them with a path to passive income.
Furthermore, Rollblock’s token economics are carefully designed to increase its value. It uses part of its revenue to buy back RBLK tokens from the cryptocurrency market and destroys half of them, further reducing its limited token supply to create scarcity and drive demand. This strategy has sparked the bias of industry analysts as they predict that RBLK could surge more than 100 times from its current Phase III price of $0.0158 by the time it officially goes public.
In conclusion, APT and NEAR may soon see long-term and short-term declines respectively, but RBLK token is predicted to rise 100x in the coming weeks. Their preference is driven by RBLK token economics and passive income generation avenues, thus attracting APT and NEAR token holders.
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