Chainlink (LINK) and Internet Computer (ICP) are both displaying bearish signals, making investors question the future growth potential of these tokens. Meanwhile, Rollblock (RBLK) is swaying investors with 100-1000x growth potential by the end of 2024.
Chainlink (LINK) Down Under Bearish Pressure
Chainlink (LINK) has recently been trading in a bearish pennant pattern which means there’s room for further downtrend. However, Chainlink has made an impressive intra-day recovery of more than 3%, bringing the current trading price to $10.45. With market cap surging upwards and 24-hour trading volume on the rise, Chainlink might be on the road to recovery.
Chainlink’s RSI has also been bearish since the price fell lower than $12.7, suggesting that there’s still room for more declines. If selling pressure keeps up, bears may drive the Chainlink price to steeper lows of $9.45 and $8 in upcoming weeks.
Can Internet Computer (ICP) Make a Resurgence?
Over the last 30 days, Internet Computer (ICP) has shed 27.17% of its value. However, Internet Computer’s price has made a massive 4.75% recovery, pushing the price up to $7.42. After a mainly bearish trend at the beginning of August, Internet Computer’s positive sentiment curve is finally improving, hinting at a potential recovery.
According to the ICP/USD daily chart, Internet Computer’s MACD Level is flashing a buy signal. To trigger a bullish reversal, Internet Computer needs to break above the 50-day EMA of $8.258. However, if buying pressure doesn’t increase, Internet Computer may fall to the nearest support at $6.18.
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Rollblock’s (RBLK) Viral Presale is Ready to Hit Bigger Milestones
Rollblock’s revolutionary Ethereum-based GambleFi ecosystem is shaking up the entire $450 billion-a-year gambling industry. By bringing the latest blockchain technology to the world of online gambling, Rollblock is enticing the big whales to bet on its casino. As this new GambleFi sector gains traction, analysts project massive 100x gains for Rollblock before the end of its presale stages.
Rollblock’s strategy is to bring trust and transparency back to gambling. Since every transaction and bet placed on Rollblock’s casino is encrypted on the Ethereum blockchain, traders can relive their Vegas dreams of winning big without worrying about phishing, data leaks, or bet manipulation.
Aside from playing to win, traders can also make a weekly passive income through Rollblock’s native $RBLK. Rollblock uses up to 30% of its casino revenue to repurchase $RBLK on the open market, and these tokens are used to distribute staking rewards to current investors. Half of these tokens are also burned to make $RBLK deflationary.
Rollblock is already operational and generating revenue and has been fully audited, licensed, and regulated by Solid Proof and Gaming Curacao. Rollblock has already raised an impressive $2.2 million in presale, which is projected to skyrocket as Rollblock’s casino continues to gain new investors daily.
Rollblock’s native $RBLK is selling exclusively on the website for a low price of $0.021 per token. Given the token’s limited supply and deflationary tokenomics, market experts are betting on a huge 800% surge in RBLK’s price before it is released across decentralized exchanges.
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