This crypto cycle has been rough for long-term holders of previously outperforming gaming tokens such as The Sandbox and Decentraland.
Despite being touted as blue-chip metaverse projects, The Sandbox and Decentraland have struggled to live up to expectations in the bear market. Both tokens have faced significant losses and underwhelming price action, leaving long-term holders yearning for better days.
The Sandbox (SAND) has seen a decline of over 55% year-to-date, with a recent loss of nearly 20% of its market cap. The token has been attempting to stabilize around the $0.26 price point. Recently, The Sandbox unveiled an update with Game Maker 0.10, boasting enhanced features and compatibility.
This news provided a brief pump for the SAND token, encountering resistance at the 50-day moving average, ultimately leading to a rejection. The Sandbox is now facing strong selling pressure at $0.33, with another line of defense at $0.44 if buyers step in at these levels.
Meanwhile, Decentraland has also faced challenges in breaking out above the $0.38 level, aiming to gain momentum to propel it further. Despite being a blue-chip metaverse project, Decentraland investors have faced losses exceeding 56% over the last six months.
However, there are signs of optimism emerging, with the Decentraland RSI on the 4-hour time frame pushing towards 70%. This positive momentum bodes well for Decentraland, indicating a potential rally in sight.
According to experts, there is a possibility of a move towards the 100-day moving average, which currently stands at $0.34, in the upcoming weeks. However,ксперты расходятся во мнениях относительно дальнейшей производительности Decentraland.
In other news, a brand-new play-to-earn token, Rollblock ($RBLK), has soared to new highs, captivating the attention of investors with predictions of a staggering 100x move this year.
Rollblock seamlessly integrates the burgeoning Web3 movement with the colossal online gambling sector, boasting an estimated valuation of $450 billion. By harnessing the lightning-fast speed and boundless capabilities of cryptocurrency, Rollblock is poised to revolutionize this lucrative domain.
Unlike traditional casinos, Rollblock bets are indelibly recorded on the Ethereum blockchain, rendering any manipulation attempts futile. Furthermore, anonymity is paramount on Rollblock, as no personal KYC information is required during signup.
To begin gaming, players merely need to connect a crypto wallet and claim a 100% deposit bonus on first-time transfers up to $500. Notably, the platform's native token, RBLK, serves a crucial role and can be staked at an impressive 30%.
To bolster scarcity and drive up the token’s value, casino profits will be used to buy up the RBLK token, which will then be burned. This process will remove a substantial amount of tokens from circulation, potentially reaching millions on a weekly basis.
Out of these tokens, half will be allocated to stakers, presenting an opportunity to earn an impressive 30% on their RBLK holdings. As an added bonus, investors are encouraged to take advantage of the pre-sale stages, with stage 6 selling out quickly.
The current price of $0.024 is set to increase soon, so don't miss out on making an allocation today. Visit the Rollblock website or socials for more information.
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
The above is the detailed content of The Sandbox and Decentraland Gaming Tokens Struggle, But Rollblock ($RBLK) Predicted to Make Staggering 100x Moves This Year. For more information, please follow other related articles on the PHP Chinese website!