Rollblock (RBLK): New Crypto Revolutionizing Gambling
As altcoin projects stagnate or drop, Avalanche (AVAX) and Polkadot (DOT) holders are shifting their focus to a new viral crypto, Rollblock (RBLK), which is due for substantial gains with its disruptive approach to online gambling. Rollblock continues to make headlines with its historic price surge, set to become one of the top gainers by the end of this year.

Avalanche (AVAX): Whales Accumulate
Avalanche (AVAX) has recently seen a resurgence in its price after bouncing back from a seven-month low. This recovery can largely be attributed to the bullish activities of Avalanche whales, who have accumulated $139 million worth of Avalanche in a single day.
The correlation between Avalanche and Bitcoin remains strong, currently standing at $25.48. This means that Avalanche’s price movements are likely to follow those of Bitcoin, which is also in a recovery phase. Despite these positive indicators, the market's inherent volatility is still a factor. Avalanche’s price is closing in on a crucial resistance level at $31.15. If it manages to flip this into support, further gains could be anticipated. However, the overall uncertainty in the market has led investors to seek out higher growth opportunities.
Polkadot (DOT) Faces Spending Concerns
Polkadot (DOT) is grappling with community concerns over its treasury spending. Despite holding assets worth just under $245 million, there are fears that Polkadot might only have a two-year runway at the current spending rate. This concern has sparked discussions about stricter budgeting.
Polkadot’s head ambassador, Tommi Enenkel, clarified that the treasury will not run out of funds, as it is continually replenished with new funds from staking rewards. Despite this assurance, the Polkadot ecosystem's concern over the usage of the treasury is increasing, as the balances have been falling since mid-2023.
Polkadot has also seen some positive developments. The token’s price peaked at $11.46 in mid-March 2024, the highest since May 2022, although it has since fallen again. This mix of bearish and bullish indicators have caused experts to shift their focus to projects that are on the rise, rather than established projects like Polkadot.
Rollblock (RBLK) Continues to Build Momentum
The online gambling industry is valued at over $450 billion annually, set to grow to $750 billion by 2028. Rollblock (RBLK) has emerged as a disruptive force in this industry, unlike other altcoins that don’t have clear utility in real life, and other major cryptocurrencies struggling to maintain their value, Rollblock has consistently hit new highs after news of its presale success has begun to make its way to retail investors.
Rollblock’s fully licensed casino is already operational, featuring over 150 games from various providers. Users can play casino classics like slots, roulette, poker, and blackjack. The platform is set to expand with the introduction of sports betting, covering a wide range of events such as soccer, NBA, NFL, boxing, tennis, and Formula 1. This expansion should drive huge amounts in $RBLK purchases weekly and attract tons of new players to the platform.
As a hybrid GambleFi platform, Rollblock seamlessly integrates the best aspects of decentralized and centralized gaming, creating a safe and transparent gambling experience. New players can join the platform without going through invasive KYC or background checks. Users can simply sign up with an email or connect a crypto wallet, making it easy to start gambling anonymously. This has led to almost 5,000 registrations in just a few months of the presale being live, and is a reason why experts are very bullish.
Rollblock also has an innovative revenue-share model. The platform shares up to 30% of its weekly revenue with $RBLK holders by buying back tokens from the open market. Half of these tokens are burned, increasing scarcity, while the other half is distributed as staking rewards to the holders. This significantly boosts the value of the native token, $RBLK, because people are incentivized to buy and hold as much as possible.
Currently, the presale is in its third stage, with $RBLK selling at $0.0154. There is an unprecedented interest in the token, with some experts signaling it could 200x by early next year. With other analysts forecasting the presale period alone to see Rollblock gains of up to 800%! Now is the best time for new investors to get in, as it is still extremely early.

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The price of Polkadot (DOT) has been gradually moving south over the past few days. The price decline cuts across the entire crypto market, with strong signs of bears. The cumulative market cap has dropped by 2.58% to sit at $1.25 trillion in 24 hours.

DOT has finally lost its grip on the $6 region as the bears became aggressive on the token over the past 24 hours. The market is wondering if Polkadot still has a chance to reverse the downtrend.

Polkadot Price Drops Drastically With Prevailing Bearish Trend  

The past few days seem to be turning out more negatively for DOT. The asset hovered between $6.1 and $6.9 last week except on April 21, when it dipped. 

Currently, the 60-day and 90-day price action for Polkadot shows negative values of 4.45% and 5.36%, respectively. Also, DOT dipped by 12.46% over the past 7 days.

After losing its hold on the price level of $7 in February, DOT has maintained a trading price within the $6 region. As of April 21, the price of DOT dropped to its resistance point of $5.8 before correcting. 

However, the price analysis of DOT for the past 24 hours shows the token is gradually going down again within the past few hours. 

At the time of writing, DOT is trading at $5.921, indicating a slight reversal after plunging. The bearish push on DOT from the past few days has spilled over to the weekend.

The crypto market is undergoing a bearish trend, with most crypto assets battling for price stability. Polkadot is included in the market performance. Hence, the selling pressure for the token has exceeded its buying pressure, forcing the price of DOT below the $6 region.

Bears Push DOT Below $6

After three consecutive red days, DOT has formed a green candle on the price chart. However, the bears are still in control as they struggle to reclaim past price levels. 

DOT has dropped below its 50-day and 200-day Simple Moving Averages (SMA), indicating a bearish sentiment in the short and long term.

DOT’s support levels are $5.15 and $5.75. A decline below its support will bring further price fall. Also, the resistance levels are $6.71 and $7.89. However, the $6 price level has transformed into a psychological resistance level.

The Relative Strength Index (RSI) indicator is 39.74, close to the oversold region of 30. However, the indicator points upwards, suggesting a bullish reversal in the short term.

DOT’s indicators are mostly bearish. Its next price action depends on traders’ decisions in the coming weeks. Further drop into the oversold region will likely lead to a trend reversal at the $5.75 support level.

#Binance #DOT #polkadot #BullRun #keepbuilding