During the first months of 2024, AI coins like FET and RNDR shone brightly while other altcoins were dropping value quickly. However, the third quarter brought a sharp reversal, with AI coins facing severe price declines.
The crypto market dynamics are changing, and new gaming tokens such as RBLK are drawing attention because of their unique characteristics and presale advantages. Read further to learn more!
Faith Shifts from FET to Gaming Tokens
The market is losing faith in AI coins like FET because of their downturns over the past weeks. FET is struggling, currently trading at $1.07, with significant resistance at $1.25 and support just below $0.95. FET's price sentiment is bearish, which is reflected in a 3.46% decrease in the last 24 hours and a Fear and Greed Index at 37.
Moreover, FET has also dropped over 10% within a month, with 16.48% losses recorded over one week; its RSI value stands at 36, which means it is approaching an oversold condition.
With only 12 green days in the past month and a 69% drop from its all-time high, confidence in FET continues to erode. The crypto industry is evolving, as indicated by the decline in market interest in FET and the shift in investors' preference for gaming tokens.
RNDR Faces Major Downturn, Investors Flee
Although RNDR is a top decentralized GPU rendering platform, its recent performance has been unimpressive. RNDR encountered a major decline of 29.61% last month, and ever since, RNDR, which is now traded at $5.10, has been facing volatility, which has made investors to shift their focus from it.
RNDR trades under key moving averages, and bears are dominating the trend with strong resistances at about $7.09 and $7.12. The current levels show a decline of about 60% from its ATH. The oversold condition suggested by its RSI hints at further drops in the future.
Following its ongoing downtrend, the general crypto market is shifting away from AI tokens like RNDR towards other lucrative investments in the gaming industry, illustrating how preference in the crypto market changes over time.
RBLK Gains Traction as AI Coins Drop
Amidst noteworthy price declines for AI coins such as FET and RNDR, the cryptocurrency industry now has its attention on gaming tokens.
Rollblock (RBLK), which is well-known in the GambleFi sector, is becoming more popular because of its modern utilization of blockchain technology and artificial intelligence that promote transparency and trust.
In addition, Rollblock prioritizes user privacy by eliminating KYC requirements. Rollblock is currently offering its native token, RBLK, at a discounted price of $0.02 in the stage 5 of its ongoing presale.
Smart crypto investors and observers in the crypto space recognize that this current stage and price represent perfect entry points for profit maximization, especially as there are only a few days left until RBLK moves into the next presale stage.
Every new phase is projected to follow an exponential increase pattern, culminating in a potential 880% jump during its public sale. According to experts, RBLK is set for a meteoric rise to $1 in no time, owing to its great tokenomics, strong community backing, and dedicated team.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
The post AI Coins FET and RNDR Struggling As AI Narrative Seems To Be Changing To Gaming Tokens Like Rollblock appeared first on Crypto News Land.
