Sweden’s Central Bank Riksbank recently announced plans to test blockchains Algorand (ALGO) and Hedera (HBAR) in the rollout of their CBDC (Central Bank Digital Currency), a controversial move set to divide the markets. Despite a volatile year, further downside is expected for ALGO and HBAR as investors look to a new project to maximize their gains. With this in mind, many investors are looking to diversify with Rollblock.
Rollblock ($RBLK) is a cutting-edge crypto casino that looks set to steal a huge market share from the $450 billion online gambling market. Rollblock brings major innovations from Web3 into the GambleFi space, and many analysts predict as much as 100x gains this year!
Algorand (ALGO) Returns to Former Lows As Sweden Investigates CBDC Project
Algorand (ALGO) has recently crashed down to strong support levels at around the $0.13 level, as reports circulate that the Swedish Riksbank is looking to adopt its blockchain for their controversial CBDC project. This quickly divided the crypto community, which is split between approving the mainstream adoption while remaining wary of using Algorand for such a use case.
Year to date, Algorand is down nearly 40% and looks set to languish at these levels until Algo bulls can return with meaningful volume. Further downside can be expected for Algorand if support here is breached and it could wick down to below $0.1.
Hedera (HBAR) Retraces Pump to Give Back Gains to Market
Hedera (HBAR) was also mentioned alongside Algorand in Riksbank’s report. Hedera has experienced massive ups and downs this year so far but has fallen over 30% in the last 3 months alone. The Hedera price has slowly bled out since a major pump in April, and has now returned back to Earth to hopefully find a strong base in the $0.06-$0.08 area.
Bears have succeeded in pushing the Hedera price below key levels of support recently, and bulls will hope that a swift reversal can come about to send price above the 200-day SMA. In the meantime, a new project is launching that may well outperform both ALGO and HBAR this year.
Rollblock ($RBLK): The Meteroric Rise of a Crypto Casino
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Rollblock is an entirely new concept in the world of online gambling, combining the familiarity and playability of traditional casinos with the cutting-edge innovation that only Web3 can provide. Fully regulated and with a strong emphasis on trust and transparency, Rollblock is poised to win an enormous market share from the $450 billion online gambling industry.
Based on the Ethereum blockchain, Rollblock records all bets and transactions on the blockchain, which means that bets, once placed, cannot be altered or manipulated. This gives enormous peace of mind to players and removes a major pain point from the industry.
With no requirement for users to KYC on signing up, onboarding is completely frictionless and 100% anonymous. Players simply open an account with an email address, connect a crypto wallet, and choose from over 100 AI-powered games. There is a huge range to try, from traditional favorites such as roulette and blackjack to exclusive new launches such as Crazy Time! Innovative leaderboard features and masses of community engagement will keep players coming back from more.
The native token $RBLK is used for in-game rewards and is poised to become a major DeFi gem in the gambling niche. Holders are already praising the site’s amazing utility, and users can enjoy some of the highest staking rewards in crypto (up to a whopping 30% APY).
A unique revenue-sharing feature will see Rollblock use a portion of their profits to buy back the token from the open market each week. This will lead to a deflationary supply over time as the user base grows. Rollblock’s price will only move in one direction as a dwindling supply meets growing demand and as a result, thousands of investors are joining its presale each month.
$RBLK is currently on sale at $0.015 and over 60% of presale coins have already been snapped up. With experts predicting an 880% pump before the presale is over and a 100x potential on launch, now is the very best time to research into Rollblock and make an allocation.
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