As traders prepare for Q4’s bull run, Rollblock appears to be a top contender for 100x growth potential as established tokens like Cardano and Toncoin falter to the depths. Here’s why analysts believe it could become a top altcoin by the end of the year.
Cardano (ADA) Loses Community Backing
Cardano’s monthly price chart has only seen lower lows, recording a total of 11.06% losses. With another 1.23% plunge today, Cardano is currently trading at $0.3523. Although steep declines like these typically trigger a buy-the-dip sentiment, Cardano’s trading volume is down by nearly 10% in the past7 days, hinting at decreasing investor interest throughout the Cardano ecosystem.
As Cardano’s RSI trends downwards on the ADA/USD daily chart, analysts project steeper declines in upcoming weeks. To trigger a bullish reversal, Cardano needs to reignite investor confidence by breaking above the 50-day EMA at $0.372.
Can Toncoin (TON) Recover Amidst Telegram’s Legal Struggles?
Toncoin has been on a sharp decline ever since the arrest of Telegram CEO Pavel Durov, and Toncoin’s price chart isn’t showing any signs of a reversal. After recording nearly 18% losses last week, Toncoin’s trading price is currently down to $5.39.
For now, Toncoin’s technical indicators suggest short-term declines as the token trades far below its Ichimoku Cloud indicator. With sellers dominating the market and Toncoin’s volume down by nearly 80% in the past 24 hours, Toncoin may crash to its nearest support trendline at $4.74 in the next few weeks.
Rollblock (RBLK) Races Towards $3M Milestone with Bullish Movement
Analysts have turned extremely bullish on Rollblock as the new GambleFi protocol continues to make headlines every week. Over the past few months, Rollblock has managed to attract over 10,000 investors as it draws closer to raising $3M in presale.
The reason why Rollblock has experienced such bullish growth is the platform’s ingenious strategy to combine decentralized finance with centralized gambling. Since Rollblock is fully backed on the immutable Ethereum blockchain, the platform takes pride in being the first community-backed casino that is free of third-party manipulation and bet fixing. To prove its commitment to transparency and trust, Rollblock has a no-KYC policy that allows traders to sign up without providing any sensitive information.
Rollblock’s casino hosts 150+ immersive games based on the latest Web3 technology. Instead of waiting for other players to join the game, Rollblock allows users to play with AI and win more of the platform’s native $RBLK on their own time.
Aside from being a play-to-earn token, Rollblock’s GambleFi ecosystem also features huge rewards for token holders. Through an inventive profit-sharing model, Rollblock buys back $RBLK on the open market every week using its casino revenue. Half of these tokens are distributed as staking rewards with up to 30% yield, while the remaining are burned forever to maintain Rollblock’s supply hard cap of 1 billion and keep the token’s price on a deflationary trend.
This week, Rollblock has entered stage 6 of its presale at a selling price of only $0.024. Since RBLK’s price has already rallied 140% from the initial stage, analysts expect Rollblock to record massive 800% gains before the end of the presale.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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