As the market heads into a Q4 bull run, analysts are abandoning their support for Internet Computer (ICP) and Helium (HNT) as both tokens failed to maintain their recent upswings. Meanwhile, all bets are on Rollblock’s (RBLK) casino token that has rallied 120% since the start of presale.
Internet Computer (ICP) Under Bearish Pressure
Internet Computer investors have been watching their portfolios in despair as the token went through massive price fluctuations over the past few weeks. After recording an intra-day decline of over 2%, Internet Computer is currently trading at $8.05 along with a 2.83% uptick in Internet Computer’s trading volume.
According to the ICP/USD daily chart, Internet Computer is flashing bearish signals by trading below its 50-, 100-, and 200-day EMAs. As Internet Computer’s RSI is trending downwards, Internet Computer may experience steeper declines to the $6.187 support trendline in upcoming weeks.
Is Helium (HNT) Experiencing a Sell-Off?
Helium’s price has been down nearly 10% over the past seven days, bringing the current trading price to $6.65. Amidst this decline, Helium has seen a massive 111.41% uptick in trading volume.
On the HNT/USD 4-hour chart, Helium is trading below its 50-day and 100-day simple moving averages. Since Helium’s RSI is dropping rapidly and the Momentum Indicator and Bull Bear Power are both showing sell signals, Helium’s price may fall to the $5.69 support in upcoming weeks. If bearish dominance persists, Helium may crash to $3.611 soon.
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Rollblock (RBLK) Poised for 800% Rally Before Official Launch
Rollblock’s presale has experienced explosive growth ever since its launch. By now, Rollblock’s GambleFi ecosystem has raised nearly $3M with over 10K early investors. As the market heads into a bull run, analysts project further 800% gains for Rollblock before the end of presale stages, along with a massive 100x rally on launch day.
The reason why analysts project Rollblock to become the next 100x crypto is the native $RBLK token, Ethereum-backed security, and a unique revenue-sharing system. Rollblock’s play-to-earn casino is backed on Ethereum, making it immune to hacking, manipulation, and data leaks.
Rollblock also strives to disrupt the $500 billion online gambling industry by being the first casino with no KYC checks. This means new traders can link their wallets and deposit a cryptocurrency to start playing 150+ immersive AI-powered games on the casino. For a limited time, Rollblock is also offering a 20% deposit bonus to kickstart the gambling journey for new players.
Aside from these ecosystem features, Rollblock’s native $RBLK offers rewards and utility of its own. Through Rollblock’s revenue-sharing scheme, the platform purchases RBLK on the open market and distributes half of them to current holders as staking rewards with 30% APYs. The remaining half of RBLK are burned forever to maintain a hard cap of 1 billion, making Rollblock’s price deflationary over time.
For now, Rollblock is nearing the end of stage 5 of its presale, with $RBLK selling as low as $0.022 per token. Since RBLK has already rallied 120% in 3 months’ time, analysts project another price hike within the next two weeks.
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