The global crypto market is down by 16.87% in the last 24 hours, tipping the Fear & Greed Index over to the ‘Fear’ side. With investors becoming more cautious, Litecoin (LTC) and Cosmos (ATOM) are suffering massive declines. Meanwhile, Rollblock’s (RBLK) crypto casino seems to be in a league of its own, boasting newer highs after a massive rally.
Litecoin’s (LTC) Price Chart is Only Seeing Red
To say that Litecoin (LTC) is underperforming would be an understatement right now. At the time of writing, Litecoin was trading at $52.24 after a massive intra-week decline of 31.4%. In the last 24 hours, Litecoin’s price has dropped nearly 20%, making it the largest one-day percentage drop since April 12.
Litecoin’s market cap was once over $25 billion, but the token is now struggling to retain its position with a mere $3.9 billion. Since the 24-hour trading volume is up by 213%, market conditions are hinting at a massive sell-off.
Cosmos (ATOM) Plunges by Over 30% in a Week
Cosmos (ATOM) investors might’ve been looking forward to a bull run, but they are now ready to drop out of the league. As of press time, Cosmos (ATOM) is selling at $4.32 with an intra-day decline of 15%. Over the past seven days, Cosmos’s price chart has only seen lower lows, with an overall loss of 31.88%.
As Cosmos succumbs to the bears, market experts are hinting at more profit-taking in the following weeks. It seems like Cosmos’s Proof-of-Work blockchain can no longer compete with the current Proof-of-Stake blockchains in the market, making Cosmos a ghost of the past.
Rollblock (RBLK) Soars to New Highs with 80% Surge
Popular tokens like Litecoin and Cosmos have taken a plunge this week, but Rollblock (RBLK) is still on an explosive growth trajectory. Since the start of its presale, Rollblock has seen an impressive 100% surge in value. If this continues by the end of 2024, analysts are expecting another 200x rally.
Considering these statistics, market experts suggest that it’s not long before Rollblock grabs a massive share of the $450 billion-a-year global gambling industry. Since this market is expected to grow up to $750 billion by 2028, Rollblock is successfully positioning itself as a market leader in the GambleFi sector.
Most analysts attribute Rollblock’s explosive growth to its ingenious buyback program. Under this hold-to-earn scheme, Rollblock buys back huge amounts of its token from the open market with up to 30% of weekly casino revenue. A portion of these tokens is burned forever to limit supply and ensure a deflationary trend, while the remaining are given to investors as staking rewards.
In only stage 5 of its presale, Rollblock is already taking social media by storm. The platform hosts events and giveaways on its official Discord channel, giving players a sense of fun and community that would otherwise be lost in online gambling.
Over the past week, Rollblock has seen massive rallies, driving the token’s price up to a new all-time high of $0.02. $RBLK tokens are selling out fast, the first 4 stages of the presale have sold out in rapid time and volume is increasing weekly for the GambleFi superstar. Analysts are expecting another 20-30% surge in price during Stage 5.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://rollblockpresale.io/Socials: https://linktr.ee/rollblockcasino
The post Are We Still in A Bull Market? Rollblock Performance Says So but Others Like Litecoin and Cosmos Disagree appeared first on Crypto News Land.