Home >web3.0 >After the Recent Market Crash, Analysts Are Asking Whether or Not the Crypto Market Is Still Headed for a Bull Run

After the Recent Market Crash, Analysts Are Asking Whether or Not the Crypto Market Is Still Headed for a Bull Run

WBOY
WBOYOriginal
2024-08-09 15:10:11460browse

BNB investors are anticipating bullish activity as the token sees $1.2 billion worth of new investments. Meanwhile, as August kicks off, analysts are also projecting a potential resurgence for Kaspa (KAS) and another epic rally for Rollblock (RBLK) which has seen 100% gains this year alone.

After the Recent Market Crash, Analysts Are Asking Whether or Not the Crypto Market Is Still Headed for a Bull Run

As the dust settles from the recent market downturn, investors are eagerly anticipating the next bull run. Among the tokens garnering attention are BNB, Kaspa (KAS), and Rollblock (RBLK). Here's a closer look at their recent performance and analysts' projections.

BNB (BNB) has seen a significant decline since July 31st. After losing more than 18% of its value over the past week, BNB is now trading at $479.2. However, despite the overall market downturn, BNB recorded a massive net inflow of over $1.2 billion in just 24 hours.

This marks one of the highest recorded net inflows this year, indicating that BNB investors still have confidence in the token. Technical indicators, such as the RSI, suggest that BNB's decline is attracting dip buyers who are eyeing a low entry point.

If the trend reversal holds true, then BNB may experience a huge 25% rebound in the following weeks.

Meanwhile, analysts are excited about a potential rebound for Kaspa (KAS) as the token's price has dipped 22.9% this week. At the time of writing, KAS price is trading at $0.1583 with an intra-day decline of over 4%.

According to market experts, Kaspa's declines will continue in the short term. However, if you take a closer look at Kaspa's price chart, you'll notice a formation of higher highs and higher lows, hinting toward an overall upward trend.

Considering this building momentum, Kaspa is projected to achieve massive gains in the long run, and as a result, many investors are buying Kaspa for the future.

On the other hand, Rollblock (RBLK) has been making waves in the crypto space with its impressive performance.

The crypto casino is quickly taking over the $450 billion-a-year global gambling industry, and investors are rushing to add $RBLK tokens to their portfolios before supply runs out.

In the past few months, Rollblock's price has surged by 100%, and analysts are expecting a further 200x surge by the end of 2024.

The main driver behind Rollblock's success is usability. Rollblock allows users to bypass the lengthy KYC checks and deposit up to 20 different cryptos on the platform.

In addition, Rollblock's casino is programmed to inscribe every financial transaction directly on the Ethereum blockchain. This makes Rollblock's casino completely clear of third-party manipulation, bet fixing, and data leaks.

Although Rollblock is still in presale, the casino is already up and generating revenue. Early investors are earning not only by playing 150+ casino games but also through the platform's ingenious reward-sharing scheme.

Each week, Rollblock uses up to 30% of its casino revenue to purchase $RBLK tokens from the open market. These tokens are split into two categories: half is burned forever to keep the supply low, and the other half is used as staking rewards with massive APYs.

A huge amount of $RBLK tokens have already been sold, and Rollblock has just kicked off stage 5 of its presale. For a limited time, Rollblock is selling at a low price of $0.02. As demand blows through the roof, market experts are projecting an 800% surge from the initial selling price by the end of this year.

The above is the detailed content of After the Recent Market Crash, Analysts Are Asking Whether or Not the Crypto Market Is Still Headed for a Bull Run. For more information, please follow other related articles on the PHP Chinese website!

Statement:
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn