Injective and Polygon have both seen significant recoveries over the last month. However, their momentum was cut short as a market-wide correction wiped out much of the recent gains. Holders have started rotating funds in projects that are showing resilience during the adverse market climate, such as crypto casino Rollblock.
Injective saw a 23% price jump last week as it broke out of the $18.50 range. Injective peaked at $22.94, but a rejection quickly followed. After the second try to break above the $23 resistance level, a bearish double top pattern was formed on the chart, as Injective’s momentum lost its strength.
A capitulation followed, and today Injective is priced at $18.41 with a 1.6% decrease in the last 24 hours. Despite the short-term underwhelming price action, analysts expect Injective to rally above the $52.62 price mark before the end of the year.
Polygon has been caught in the correction, losing more than 10% in valuation in less than a day. This has taken Polygon’s price to $0.43. The total losses for Polygon amount to nearly 22% from the $0.57 peak of August 25.
However, on-chain analysis shows a surge in activity on the Polygon network. This could mean that a much-needed reversal is coming for Polygon, after several long months of downtrend.
Ethereum-based DeFi casino Rollblock tackles head-on the issues plaguing the online gambling sphere. Lack of trust, security, and transparency. It does this by leveraging blockchain technology, ensuring easily traceable transactions, and removing any possible manipulation.
The casino is already generating revenue with more than 10,000 active users. Individuals can enjoy complete anonymity because no KYC verification is required. Users just need to connect their wallet to immediately access the 150 AI-powered games available on the platform.
The native token RBLK powers the casino ecosystem and plays a vital role in the revenue-share model. The casino will reinvest up to 30% of its weekly revenue in the community by buying RBLK tokens on the open market. 50% of the tokens will be redirected towards holders in the form of staking rewards. The other 50% will be burned, creating a supply shock that will prime RBLK for sustained price growth and ensure its longevity.
Stage 5 of the RBLK presale just sold out and an 800% increase is expected by the end of the final stage. Right now, the price of RBLK is $0.024 and has already seen a 140% jump, despite the highly volatile market climate of the past few months.
Analysts predict a 100x moonshot in 2025 when the bull market is in full swing, and listings on major exchanges are finalized, making now the ideal time to get involved before the RBLK price soars!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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.