As of right now, one thing is for certain: the crypto market has seen better days. The euphoria that permeated the space seems to have evaporated under the summer sun, as the downtrend continues and gradually deepens. The total market cap of cryptocurrencies has tested a new local low of $1.9 trillion and uncertainty seems to be the general sentiment felt by the community.
Solana and Avalanche are some of the majors that have been hit the hardest, as they were stopped in their tracks during their climb to reclaim their previous cycle top. Though the market is experiencing a mini bear phase, analysts believe it could see some relief in the coming months.
As the market continues to face declines, investors have been looking for opportunities elsewhere in order to mitigate risk during this recent turbulence and increase their gains. Many have turned to Rollblock, an innovative new GambleFi casino that looks to disrupt the $450 billion gambling market. Here's why experts believe it could become a leading crypto in 2024.
Solana Is Still Struggling As Sharp Sell-off Crushes Relief Rally
Solana has been under the spotlight for the past 9 months, increasing from $21 in October 2023 to $202 in March of 2024. However, since the downturn started, Solana’s price has plummeted by 32% and now hovers around the $135 mark.
The Solana fundamentals are as strong as ever and its ecosystem’s user base is constantly expanding. Recently, VanEck, an American investment management firm, filed for a spot Solana ETF with the SEC. In a different climate, this news would have been considered incredibly bullish and green candles would have flooded the chart. However, due to bearish market trends, Solana has failed to respond.
Avalanche Drops By Another 12% After Short Lived Recovery
The recent correction hasn’t spared Avalanche which has become one of the worst hit altcoins. Avalanche experienced a significant price decline that briefly broke through the $25.40 support. This triggered a massive sell-off resulting in further Avalanche price declines, though its price has since stabilized.
Currently trading at 82% below its all-time high, Avalanche is in a difficult situation. Bearish market trends could push Avalanche below $20, and as a result many investors are selling their Avalanche holdings to minimize losses.
Crypto Casino Rollblock Thrives During Market Turbulence
Over the past month, the Ethereum-based online casino Rollblock has caught the eye of investors. Frustrated with the lackluster price action of major coins, many took a bet on this highly lucrative token and have already enjoyed returns of 54%.
Rollblock is turning the global gambling market on its head. The project introduces a DeFi casino that seamlessly blends centralized and decentralized gaming. Analysts are impressed, as the casino has all the potential to disrupt the online gambling industry, which is projected to grow to nearly $750 billion in 2028.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
$RBLK plays a pivotal role in the ecosystem as it acts both as a store of value that investors can hold and trade and as a means for the casino to reward users and strengthen the platform. Up to 30% of the profits generated by the casino will be shared with the community.
This capital will be used to buy back the token on the open market, 50% of which will be immediately burned, creating a deflationary supply shock that will sustainably increase the price of $RBLK. The remaining 50% will be used as recurring rewards for users staking the token, resulting in some of the highest APY in the crypto sphere.
Right now stage 3 of the presale of the $RBLK token is taking place and the price has already increased by 50%, currently sitting at $0.0154. Analysts are eyeing up an 800% increase for $RBLK in 2024, with Rollblock’s casino already gaining massive traction.
With no KYC requirements, enhanced security measures, and over 150 games, Rollblock is unlike anything in the market. With this in mind, some experts believe that $RBLK could see a massive 100x rally, allowing it to outperform major cryptocurrencies like Solana and Avalanche.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
