BNB recently saw massive liquidations by short traders while FTX Token declared bankruptcy status. Meanwhile, savvy traders are jumping ship to Rollblock’s viral presale that is already poised for 880% gains before the token’s official launch in early 2025.
BNB (BNB) Liquidations Hint at Short-term Selling Pressure
BNB was poised to break above its prolonged consolidation phase this week but the token’s increased liquidations have reduced market sentiment once again. BNB saw up to $65,000 worth of liquidations over the past 12 hours which is typically a bearish signal. Since BNB’s Open Interest has increased by 0.40%, analysts believe BNB could experience a rally if market volatility stays low.
BNB is currently trading for $591.32 after a small intra-day increase of 0.42%. BNB’s volume has decreased by 11.33% over the last 24 hours which suggests that the selling activity is cooling down. Although BNB is trading above all of its Simple Moving Averages, BNB’s Momentum Indicator and MACD level are still flashing sell signals. Since BNB’s RSI is in the neutral zone, analysts believe BNB could test the $633.7 resistance in November if buying activity increases.
FTX Token (FTT) Still in Profit Despite Declaring Bankruptcy
FTX Token recently declared bankruptcy status and the token is being liquidated to pay creditors. However, one market analyst has pointed out that FTX Token is still showing a massive 17.65% all-time profit. This means FTX Token is still more profitable than many publicly traded companies.
FTX Token is still trading for $1.84 after an intra-day decrease of 4.28%. Despite being a useless cryptocurrency, FTX Token’s volume has only decreased by 2.88% over the last 24 hours. As traders question the legitimacy of FTX Token’s publicly available information, analysts believe FTX Token may face more backlash in upcoming weeks.
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Rollblock (RBLK) to Record 4th Price Surge in October
Rollblock’s viral GambleFi project is being supported by all the crypto experts and for good reason. Even though Rollblock’s presale was launched only a few months ago, the platform has already managed to accumulate nearly $5 million by attracting huge numbers of investors. If Rollblock’s demand continues to increase like this, analysts are tipping at a massive 100x rally for RBLK on launch day.
The reason why analysts are making such explosive predictions for Rollblock is the platform’s decentralized casino. While traditional iGambling platforms only integrate existing cryptocurrencies on their platform, Rollblock’s casino is powered by the platform’s native RBLK token. Since RBLK is a utility token, it also offers long-term utility and scalability to traders.
By becoming long-term liquidity providers in Rollblock’s ecosystem, traders can earn a weekly passive income in the form of staking rewards. Every week, Rollblock uses up to 30% of its casino gains to purchase RBLK on the open market. Although 60% of the repurchased RBLK are burned forever to maintain the supply hard cap of 1 billion, the remaining 40% of tokens are distributed to current holders as rewards with the highest APYs in the market.
Since Rollblock’s casino is fully regulated and audited by Solid Proof and Gaming Curacao, the platform is already generating revenue with more than 15,000 daily active users. These players have exclusive access to 7,000+ AI-powered games that are all built with the latest Web3 technology.
Rollblock’s presale tokens are selling out at a rapid pace as analysts anticipate RBLK to record a 4th all-time high within the month of October. Since Rollblock’s price has already surged by 215% since the initial presale stage, analysts are expecting this new altcoin to dominate the entire DeFi market by 2025.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://rollblockpresale.io/
Socials: https://linktr.ee/rollblockcasino
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