Bitcoin’s growth may be slow, but whales are positive that the crypto king will hit a new ATH of $100k soon. Meanwhile, Rollblock’s new crypto casino is making massive waves in the market by outperforming Cosmos (ATOM) and delivering 105% gains to early investors.
US Treasury Liquidity Injection to Trigger Bitcoin (BTC) Rally
Despite Bitcoin’s price chart flashing strong sell signals, analysts are still looking forward to a massive BTC rally ahead of the upcoming US Treasury liquidity injection. Bitcoin is currently trading at $57,953.40 after an intra-day plunge of 2.3%.
Even though Bitcoin is currently trading below its 50-day and 200-day SMA, the RSI suggests that Bitcoin is still in neutral territory. If buying pressure picks up, Bitcoin whales may breach the resistance at $71,902 and eventually get to the much-awaited $100K mark.
Cosmos (ATOM) Struggles Under Bearish Pressure
Cosmos has been on a constant downtrend over the past 30 days. At press time, Cosmos traded at $4.50 after a massive intra-day decline of 6.05%. With trading volume up by 22.5% and market cap down to $1.7 billion, analysts are tipping at a potential bear run for Cosmos.
Despote Cosmos’s RSI in neutral territory, the MACD level of -0.37 is flashing a strong sell signal. Cosmos recently breached a crucial support at $4.93 and is now struggling to stay above the $4.05 support. If it plunges any lower, Cosmos may see a steeper decline to $2.16 soon.
Rollblock’s (RBLK) GambleFi Protocol Gains More Traction
Rollblock (RBLK) has recently experienced a massive influx of investors looking to join in on the hottest presale offer of the year. With Rollblock’s mission to bring web3 technology to the $450 billion global gambling industry, this new GambleFi protocol is all set to become the next big thing in crypto.
While traditional online casino models are plagued with bet fixing and tampering issues, Rollblock’s crypto casino offers a simple solution. Every transaction made on Rollblock is encrypted on the Ethereum blockchain, making the platform immune to third-party manipulation. New players can sign up by linking their wallets and depositing through any of the 20+ compatible cryptos. For a limited time, Rollblock is offering a massive 100% bonus on every deposit up to $500.
Aside from the play-to-earn model, Rollblock’s native $RBLK also offers its own utility. Rollblock investors can stake $RBLK to earn staking rewards with up to 30% APYs every week. This is done through the platform’s revenue-share scheme which involves open market buybacks of RBLK.
While half the tokens are distributed as rewards, the remaining are burned forever to ensure that Rollblock’s circulating supply never exceeds the hard cap of 1 billion. Through these tokenomics, Rollblock’s price is expected to follow a deflationary trend, increasing the token’s value as supply runs out.
Currently in the 5th stage of its presale, Rollblock’s native $RBLK is selling at a low price of $0.0205. Given Rollblock’s skyrocketing growth over the past few months, analysts are already projecting another 800% surge by the end of this year!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://rollblockpresale.io/
Socials: https://linktr.ee/rollblockcasino
The post Institutions Continue to Scoop Up Bitcoin While Retail Sells; Rollblock to Surpass Cosmos (ATOM) As Thousands Flock to GambleFi Star appeared first on TheCoinrise.com.
