The crypto market is in turmoil as Bitcoin plunged below $50k. Stacks and Filecoin are facing steep double-digit corrections as investors look for alternatives to mitigate losses.
Meanwhile, DeFi casino Rollblock is on its way to surpass $2 million in raised funds as RBLK continues to rise.
Stacks Is Hanging By A Thread As Major Support Levels Are Breached
As selling pressure mounts, Stacks’ price is spiraling downwards with no brakes. Stacks is down by 26.5% in the last 24 hours and there’s still no end in sight. Currently, Stacks is priced at $1.08 after most of the gains it made during the past few months were swallowed back by the market.
Stacks is a unique L2 cryptocurrency that allows for the deployment of smart contracts on the Bitcoin blockchain. Stacks recently made news by announcing a partnership with Aptos, an L1 platform and analysts continue to see Stacks as a promising project, despite its current struggles.
Filecoin Falls Below 2023 Levels
Last week, Filecoin experienced a disastrous drop in price, with more than 34% of its value wiped out. On the daily time frame, Filecoins shows a 19% drop and is currently sitting at $3.
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Just recently Filecoin launched the Waffle upgrade to improve Filecoin’s network efficiency and functionality. However, this news did little in regards to the Filecoin’s price action as fear grips the Filecoin ecosystem.
Rollblock Continues To Rise Despite Market Crash
Rollblock is a community-backed crypto casino that taps into the limitless potential of the $450 billion online gambling industry. The platform bridges the gap between DeFi and TradFi gambling. It leverages blockchain technology to ensure smooth and secure transactions. The goal is to bring user trust back into the online casino space, as it’s impossible to manipulate transactions once recorded on the blockchain.
Unlike its competitors, the casino doesn’t require KYC verification, ensuring complete anonymity for the rapidly growing user base. Players can immediately access one of the 150 games available, with sports betting expected to be added soon.
The RBLK token powers the project’s revenue-share model and plays a pivotal role in the Rollblock ecosystem. The casino reinvests up to 30% of the weekly revenue to buy back RBLK tokens on the open market. Half of this amount gets burned, reducing the total supply and increasing the price of RBLK, while the other half is rewarded to holders who stake the token or participate in special events.
Rollblock has raised more than $1.9 million since the start of the RBLK presale. The RBLK token sits at $0.02, and early buyers are already enjoying 100% gains. The 5th stage of the presale has just begun after 4 quickfire sell outs in previous stages, and by the end of the final stage, RBLK is expected to grow by 800%!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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