The last few weeks have painted the picture of a massive altseason happening very soon. While many top altcoins are already showing bullish momentum, Litecoin (LTC) and Near Protocol (NEAR) have been trading sideways. Many investors have shifted their focus to Rollblock (RBLK), one of the best cryptos to buy now, as it takes on a $450 billion market.
Litecoin (LTC) Extends Consolidation Under $100 Leaving Investors Uncertain
Litecoin (LTC) is one of the few top crypto coins yet to benefit from the crypto market uptrend that has lasted almost a year. Over the last year, the price of Litecoin has remained in a tight consolidation range between $60 and $100.
Even with the widespread market increase, LTC has broken above this range only a handful of times but quickly retreated under this range. Although the adoption of Litecoin has been increasing for payments, the poor performance of the altcoin has left many investors in doubt, shifting their focus to other, more promising cryptos.
Near Protocol (NEAR) Negative Trend Continues, Tests $7.20 Support
Unlike other top altcoins, after experiencing an explosive rally in early May, Near Protocol (NEAR) has been faced with constant bearish pressure. From a weekly high of $8.50, the price of Near Procotol has dropped by more than 13%, forcing the altcoin to retest the $7.20 support level.
This support is considered an important level of the NEAR coin, as it could determine the next direction for the altcoin. A break below this level means the price of Near Protocol could decline as low as $6.0. On the flip side, NEAR could retest recent highs at $8.5 if this level holds.
Unique GambleFi Protocol Turn Investors To Rollblock (RBLK)
Rollblock (RBLK) is a new DeFi project that has quickly gained popularity for blending decentralized and centralized gaming to create a new hybrid gaming model. However, it is the specific niche of Rollblock, casino and gambling, and its specially built GambleFi protocol that has grabbed the attention of investors as one of the top crypto coins to watch.
In just a few days since the beginning of its cryptocurrency ICO, over 32.5 million RBLK tokens have been sold. There is a rush for early entry into Rollblock because GamebleFi targets the $450 billion gambling market with exciting features. First is the fairness of games. Conducting draws, casino games, and raffles on a blockchain makes the Rollblock casino the most trustless the industry has ever had.
The structure of the Rollblock gaming platform is such that all the transactions, as well as the players’ data, are protected through encryption and blockchain technologies. This new DeFi project is also fully licensed and creates means for its users to generate passive income. Holders of RBLK tokens can stake them to earn rewards.
As per data from Statista, the online gambling industry could include more than 281.3 million users by 2029. Because Rollblock is designed to accommodate this growth, experts and investors alike are bullish about the project. While RBLK is priced at $0.012 in the second round of its cryptocurrency ICO, a price target of $2 has been set for the token in the 2024 bull cycle.
Closing Thoughts
Because of the poor performance of Litecoin and Near Protocol over the last few weeks, many investors have moved to the more promising Rollblock. The strategic positioning of RBLK in a multi-billion-dollar market makes it one of the best cryptos to buy now for massive returns in this year’s bull market.
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