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As the prices of Ethereum (ETH), VeChain (VET) and other altcoins stayed in the red zone, investors saw nearly $500 million dollars get liquidated. The vast majority, over $432 million, were slammed long positions, according to CoinGlass data.
As a result, traders are now diversifying their holdings in order to get the most out of this market, and are moving to the Rollblock (RBLK) presale as a safe haven against further drops. By the end, we will see why RBLK is the best crypto to invest in now.
Ethereum (ETH) has displayed a bearish trend over the past week, experiencing a significant 10% dip. This downtrend follows a period of price correction, where the Ethereum price dipped to a low of $3,384. However, the bulls could regain control, propelling the price above the psychologically important $3,600 barrier, while it currently rests at $3,522.
Technical analysis indicators for the Ethereum crypto further support the bullish narrative. Positive readings on the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a potential rally on the horizon. These indicators measure momentum and identify potential trend reversals, and their current positive signals hint at a strengthening bullish trend. Looking ahead to the remainder of 2024, the Ethereum price prediction anticipates a further climb, suggesting that it could reach $5,546 by the end of Q4.
VeChain (VET) also showcased a price dip during the past week, experiencing a noteworthy price decline at 7.2%. This downtrend follows a period of consolidation, and its future is uncertain.
The technical analysis indicators for the VeChain crypto may also provide valuable insights, as positive readings on the RSI and MACD positions could further support the bullish narrative for the VeChain price. Looking towards the remainder of 2024, VeChain price prediction estimates anticipate continued momentum, with projections suggesting it could reach $0.0515. by the end of Q4. This would represent a significant increase from its current price point.
Unlike its centralized competitors, Rollblock (RBLK) is an online, licensed casino that’s fully operational and stands out through seamlessly integrating blockchain technology, and as a result shatters the perception of traditional online gambling.
This strategy and first-mover advantage for Rollblock positions it as a frontrunner in the burgeoning GambleFi market, projected to balloon to a staggering $744 billion by 2028. This early adoption grants RBLK a crucial head start to capture significant market share.
Beyond its disruptive technology, RBLK boasts a meticulously crafted revenue-sharing model designed to incentivize long-term investment and foster a dedicated community.
Through this approach, the casino will allocate up to 30% of the profits generated to buy back tokens from the open market. Half of them will be completely removed, through a process known as burning, which can lead to further scarcity and potentially drive the value upwards. The other half will be distributed to holders of the RBLK crypto, placing it as the best crypto to invest in now.
Now the project is at Stage 3 of its presale, where it trades at $0.014. It's up 40% from its starting value, indicating that early traders gained massive ROI. However, there’s a 200% price increase potential by the end of the week as the presale nears Stage 4. As the project has raised $760,000 in funding, with projections exceeding $1 million by the end of June, which has sparked major interest and accumulation of this crypto, making RBLK the best cryptocurrency to buy now.
While the market experienced nearly $500 million in liquidation, and with Ethereum and VeChain dipping in value, Rollblock has been the go-to cryptocurrency for diversification among traders as they are viewing it as a safe haven against further drops and somewhere investors can see large percentage gains in this volatile climate. Any bullish momentum to the market would surely increase Rollblocks momentum too, with some analysts predicting it could 50x from current prices before the end of 2024.
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
