Avalanche and Binance Coin are both suffering the brunt of the market's current crash. On the other hand, new gem Rollblock looks poised for exponential growth.
The cryptocurrency market is experiencing a downturn, with Avalanche (CRYPTO:AVAX) and Binance Coin (CRYPTO:BNB) both facing the brunt of the impact. However, Rollblock, a new cryptocurrency, is gaining momentum and positioned for exponential growth.
Here's a closer look at the latest developments:
Binance Coin trades largely flat despite minor fluctuations
While the cryptocurrency market cap has declined by 3% in the past 24 hours, Binance Coin has demonstrated some fortitude with its seven day 2% surge.
This follows Binance Coin's recent burning of over 1,643,698 BNB, collectively valued at $971,000,000, two weeks ago. This occurrence rendered Binance Coin scarcer and more valuable. However, the price of Binance Coin is yet to see an increase.
Moreover, the SEC is reconsidering its case against Binance and Binance Coin, indicating potential bullish momentum for Binance Coin in the next two weeks.
Avalanche quickly plummets in the short-term
Having commenced the month of July at $24.36, Avalanche has experienced a poor month thus far, declining by 14% and trading at $21.03 at the time of writing. This month has seen AVAX trade as low as $19.74 and as high as $23.76.
However, being one of cryptocurrency's most notable layer-1's, analysts are expecting an imminent resurgence for Avalanche in the next two weeks.
Furthermore, Avalanche's technology is being implemented in real world use cases. For example, California's Department of Motor Vehicles recently digitized 42 million car titles on the Avalanche network, aiming to modernize the state's title transfer process.
This use case demonstrates the viability of Avalanche as a blockchain and cryptocurrency as an industry more holistically. This is undeniably bullish news for Avalanche.
Rollblock's unique fundamentals and technology could see it surger in 2024
Rollblock (CRYPTO:RBLK) is a play-to-earn GambleFi token that utilizes advanced blockchain technology. It offers a secure casino with over 150 gaming options, including Poker, Blackjack, Roulette, and Slots. The platform will soon include sports betting as well and is adding new blockchain based games on a consistent basis. These additions are increasing the scope of the platform and making it more appealing over time.
Rollblock also permits users to enter the platform by simply connecting their wallet or signing up with an email. This removes compulsory KYC processes. This ease of access has led to a rapid increase in users, surpassing 7,000 within just a few months of the platform's presale.
Especially appealing to investors, Rollblock features a distinguishable revenue-sharing model that allocates up to 30% of weekly profits as benefits for RBLK holders. Half of the tokens that are purchased are burned to increase scarcity, while the rest are distributed to stakers as rewards. This system incentivizes long-term holding and adds value to the native RBLK token to boot.
Priced at $0.018 during Stage 4 of Rollblock's presale, the native RBLK token could surger 800% upon its official launch in a few months. Investors that get in early will be rewarded handsomely with gains exceeding 50-100x in 2024, and potential gains of 1000x in 2025.
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