The crypto markets have bounced with strength, but many coins have failed to keep pace with the wider rally. Holders of Monero and Tron will be looking at their portfolios in frustration, while early adopters of the Rollblock ($RBLK) presale are giddy with the 200% gains made on this promising web 3 Casino. Let’s find out what has analysts so bullish on this potential 1,000x upstart.
Monero ($XMR) Plunges To $162, Is The Worst Over?
Monero has fallen over 8% this week as it struggles to find a footing at $162. Monero failed to break through heavy resistance at around $180, and looks set for further downside as huge numbers of Monero shorts are now being placed. This will continue to suppress Monero’s price in the short term.
Monero price recently broke below its ascending trend line and could soon retest the 61.8 Fibonacci retracement level at $152. Also, the Monero RSI is currently at 48, predicting further downside to come. If Monero can reclaim $180, then traders might look to buy at these levels.
Tron ($TRX) Sees Massive Rise In TVL As Traders Return
Tron has seen some cooling off since its summer in the spotlight, as Tron’s price consolidates around $0.15. Tron price has fallen 2.8% this month, although recently, 24-hour trading volume on Tron spiked by 37%, which could be a sign that traders are happy to enter Tron positions at these prices.
Tron recently surpassed its rival Solana in terms of total value locked (TVL). This would suggest that Tron is finding other use cases beyond its recent memecoin frenzy, which could well push Tron back above $0.23 in the weeks to come.
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Rollblock ($RBLK) Outperforms Once Again As Investors Hit The Jackpot
The huge interest shown by investors wanting a piece of the action in the Rollblock ($RBLK) presale is a wake-up call to traditional casinos and a sign that their days are numbered.
Rollblock improves upon the established model in so many ways, including fully anonymous onboarding with no KYC required upon joining the platform. There is no way that users’ data will be hacked or leaked, as accounts can be created with just an email address and crypto wallet.
Every bet can now be verified on the blockchain, making for a fully transparent gaming experience. When the jackpots roll in, players will win again thanks to the native token RBLK and its forecasted trajectory to the top of the crypto league this year.
RBLK has tokenomics on its side, as its deflationary supply-side issuance will bring the number of tokens in circulation down consistently over time. Up to 30% of casino profits are earmarked to buy back the token, splitting these purchases between generous staking rewards and a burner address.
The current low price of $0.03 is an absolute steal considering the 1,000x predictions that analysts are throwing around. This is a presale bag to load up on before the coming moon mission in 2024.
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