Monero’s price action has been stagnant over the past few weeks while Algorand is flashing sell signals despite the surge in monthly active users. Meanwhile, Rollblock’s new GambleFi project is attracting both XMR and ALGO investors with its highly anticipated sports betting feature coming in early 2025.
Monero (XMR) Faces Stagnation After Regulation Problems
Monero has experienced several difficulties in complying to regulations this year. Although Monero’s price did not fall any lower after the last bear market, Monero hasn’t recorded any significant price action for several weeks now. Since Monero has been trading within the $120 to $180 range for a while now, some analysts are tipping at a potential breakout soon.
Monero is currently trading for $157.93 after a small intra-day increase of 0.97%. Monero’s volume has decreased by 4.19% over the last 24 hours which reflects the low investor interest. However, Monero’s Momentum Indicator and MACD Level are both flashing buy signals on the XMR/USDT daily chart which could push Monero’s price towards the $161.04 pivot soon.
Algorand (ALGO) Loses Momentum Despite Increased Monthly Network Activity
Algorand is seeing a significant rise in network activity as Algorand’s monthly active users have increased by 34% from August. This uptick came after Algorand launched its Coinbase Quests which gave traders the opportunity to interact with dApps built on Algorand’s network.
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ALGO is currently trading for $0.1216 after a minor intra-day increase of 0.03%. However, Algorand’s volume has dropped by 10.12% over the last 24 hours which indicates a decline in network activity. Since Algorand is trading below all of its Simple Moving Averages, ALGO’’s price could fall to the $0.1147 support soon.
Rollblock (RBLK) To Add Sports Betting to Viral GambleFi Project in 2025
Rollblock’s new GambleFi project has already made significant waves in the market over the last few months but analysts believe that this token still has a long way to go. Rollblock’s price has already rallied by nearly 215% in stage 7 of its presale which is a testament to the platform’s explosive potential. If this momentum continues by the end of Q4, analysts are projecting a total of 880% gains for RBLK holders before the token is launched across DEXs and CEXs.
The reason why Rollblock is still poised for bigger gains is the platform’s commitment to making crypto trading more fun. Rollblock’s GambleFi casino already features 7,000+ AI-powered games that include classics like roulette and poker and newer Web3-based titles like car racing and KENO. To make things even better, Rollblock has announced a new sports betting feature that will be active on the platform in early 2025. With this new feature, traders will be able to place bets on top sports leagues around the world like the NBA, MMA, F1, LaLiga, Tennis, Golf, NFL, and more.
As traders play and win casino games, they can add more RBLK tokens to their portfolio. Since RBLK is an independent utility token, traders can earn a consistent passive income by adding RBLK to their staking portfolios. With Rollblock’s revenue-share mechanism, traders can receive staking rewards with up to 30% APYs on a weekly basis. If that wasn’t enough, then Rollblock’s VIP-tier presale investors are also entitled to exclusive bonuses based on their RBLK holdings.
Given these exciting features, it is no surprise that analysts are already anticipating another price surge for RBLK within the next few days. For now, Rollblock is selling tokens on its website for a low price of only $0.0318 which is the lowest it will ever be.
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