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According to the latest data, Arbitrum’s technical indicators are hinting at bearish dominance, but Cosmos is even deeper in the dumps by trading at a yearly low. Now, investors are abandoning all hopes for ARB and ATOM as they turn to Rollblock’s (RBLK) explosive presale offer.
Arbitrum’s price has been down nearly 28% over the past month, and even last week’s slight recovery couldn’t ignite investor interest. After a minor intra-day dip of 0.40%, Arbitrum is currently trading at $0.5269. Arbitrum has been trading in a descending channel since March, and analysts believe ARB could see lower lows in Q4.
Even though Arbitrum’s Bollinger Bands have become slightly narrow this month, there is still a long way to go before Arbitrum can break above its 50-day EMA at $0.6320. Unless the MACD maintains a bullish crossover above Arbitrum’s signal line, a trend reversal is unlikely.
Cosmos has been on a downtrend on its year-to-date chart, and last month’s 25.91% losses have only resulted in lost investor confidence. Even Cosmos’ recent Gaia v17 upgrade didn’t lend any gains to the token as the platform suffered a 4-hour outage immediately after its launch. Cosmos is currently trading at $4.68 after an intra-week decline of 1.75%.
The ATOM/USD daily chart is hinting at bearish dominance as Cosmos trades below its 50-, 100-, and 200-day EMAs. If Cosmos profit-taking ensues, buying pressure may lead to Cosmos’s price crashing to the $4.46 and $3.83 support trendlines.
There are several reasons why Rollblock ($RBLK) has recorded 140% gains since the start of its presale, but the revenue-share model stands out on top. This new crypto-native GambleFi protocol is taking crypto’s popular play-to-earn model one step further by encouraging investors to become liquidity providers in the ecosystem. As Rollblock’s casino gains momentum, analysts project enormous 800% gains before the token’s official release.
Rollblock’s revenue-share model allows investors to earn a weekly passive income through staking rewards with up to 30% APY. Every week, Rollblock repurchases $RBLK on the open market and uses half of these as rewards for current holders. The remaining half of the tokens are burned forever to limit Rollblock’s circulating supply and ensure a deflationary price trend as RBLK’s demand increases.
Aside from these benefits, investors are also rushing to bet on Rollblock as the platform positions itself as the future of online gambling. While traditional casinos are unable to provide adequate security to users, Rollblock integrates Ethereum’s immutable blockchain technology to ensure security, transparency, and trust on its casino. To make things even better, Rollblock boasts a no-KYC policy that allows new traders to sign up by simply connecting their wallet, removing the need to provide any identification data.
This week, Rollblock kicked off stage 6 of its presale with tokens selling at $0.024 each. Considering how stage 5 sold out in record time, analysts project this stage to sell out before the end of September, resulting in a series of price hikes in Q4.
Website: https://rollblockpresale.io/
Socials: https://linktr.ee/rollblockcasino
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