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The crypto market only performs as well as Bitcoin does. When Bitcoin rises, it trickles down to the rest of the market—when it tanks, it tanks the whole market along with it. Well, that’s exactly what happened on the past weekend, with Bitcoin experiencing its worst crash since 2022. The #1 crypto by market cap fell by as much as 18% to breach a six-month low, tanking altcoins like Ethereum along with it. The losses have obliterated over $500 billion from the crypto market, exacerbating fears that the bull run that began last November 2022 is well and truly over.
However, the opportunity for BTC and ETH holders to recoup some of their losses is knocking in the form of newly-launched GambleFi protocol Rollblock (RBLK). Analysts believe Rollblock could be the next 100x gem, offering potential investors a good shot at clawing back their losses. Here’s why.
Bitcoin holders take a massive pounding to begin August
Bitcoin fell below $50,000 for the first time since February 2024 until recovering to $53,000 as of press time. Just last week, the world’s largest crypto by market cap was trading at $68,000, remaining within striking distance of its previous all-time high set last March until completely falling through the roof over the past 24 hours. The massive sell-off was in line with the broader risk aversion in global markets and was no doubt caused by the Japanese yen and US bond market being thrown into disarray. Needless to say, this was NOT in Bitcoin holders’ plans.
Ethereum backers’ bullish hopes in July end up in tears
Ethereum prices have already been flagging even as the bullishness over the recent Ethereum ETF approvals saw record inflows. However, no Ethereum holder could have foreseen the precipitous 37% decline in the past week, falling all the way below $2,200 as of press time on August 5th. Ethereum prices have since recovered to $2,400, but they remain below the psychological threshold of $2,500, crucial support at $2,800, and its 100 and 200-day moving averages.
Rollblock presale surpasses expectations
Projects that survived the massive market downturn unscathed were few and far between. However, presale investment opportunities like the new GambleFi protocol Rollblock are among the rare ones offering prospective investors some respite with a legitimate shot at turning in 100x gains. Rollblock is building the premier GambleFi platform underpinned by its native token, $RBLK. With it, holders will be able to wager on Rollblock’s variety of slots, table games, and sports betting markets, as well as participate in its GambleFi ecosystem through staking, yield farming, and revenue sharing incentives.
Analysts believe these features, as well as the protocol’s deflationary tokenomics featuring $RBLK buybacks and weekly token burns, positions Rollblock for parabolic growth. Thus far, Rollblock has already raised over $2 million in its presale launch, indicating the massive traction it has gained and the 100x potential it promises for early investors. $RBLK prices may never be this low again; get in on the GambleFi action before it goes worldwide.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
*This article was paid for. Cryptonomist did not write the article or test the platform.