Despite picking up bullish momentum towards the end of August, the majority of altcoins are in the red. As Near Protocol and Bitcoin Cash are resting on support, investors are intrigued by the possibilities offered by Rollblock. Having already raised over $3.2 million, experts believe that Rollblock could become a leading altcoin before the end of 2024. Here’s why.
As the cryptocurrency market continues to consolidate, investors are keeping a close eye on promising altcoins. While Near Protocol (NEAR) and Bitcoin Cash (BCH) are among the established coins showing signs of weakness, a new altcoin called Rollblock (RBLK) is attracting attention with its unique offering. Here's a closer look at these three coins and what investors can expect in the coming months.
Near Protocol (NEAR) price analysis: a technical perspective
Near Protocol (NEAR) is a layer-1 blockchain known for its fast transaction speeds, low fees, and user-friendliness. Despite NEAR's 4.8% intraday loss at $3.79, the coin's recent performance has been positive. After hitting a local low of $2.98 in late August, NEAR has gained over 27%.
This recent momentum could be attributed to the successful rollout of the Nightshade 2.0 upgrade on Near Protocol's mainnet. The upgrade introduces stateless validation to enhance the blockchain's decentralization and scalability. Analysts anticipate this upgrade will boost Near Protocol's user activity, potentially leading to a new surge once the market recovers.
Bitcoin Cash (BCH) price analysis: bearish signs emerging
Bitcoin Cash (BCH) has once again encountered the $312 support level, marking the third time within a month. The descending triangle pattern on the BCH price chart is highlighted by lower highs, indicating a bearish trend. This formation suggests a potential downturn, which could further hinder BCH's price action.
Despite this bearish technicality, some Bitcoin Cash loyalists still hope for a return to the coin's all-time high of $4,355, achieved during the 2017 bull market. However, considering BCH's performance and the broader market conditions over the last few years, such a rally seems unlikely.
Rollblock (RBLK) emerges as a promising altcoin with a revenue-sharing model
As the GambleFi sector continues to gain momentum, Rollblock (RBLK) is positioning itself as the next billion-dollar play. With its entry into the $450 billion online gambling industry, Rollblock still has much to prove. However, even in its early stages, the casino has managed to set itself apart from the competition through its innovative framework.
Combining blockchain technology with the latest advancements in iGaming, Rollblock offers a seamless user experience and top-notch security measures. This approach has led to 13,000 users choosing Rollblock as their preferred platform. Newcomers can access over 7,000 games, and the absence of KYC verification makes for a hassle-free entry. Users can simply connect their wallets to enjoy all that Rollblock has to offer.
Rollblock's unique revenue-share mechanism is designed to make it a full-fledged investment vehicle, enabling the community to earn substantial monetary rewards. Every week, holders who stake the RBLK token will receive recurring rewards. Additionally, regular burns will occur, as RBLK is designed to be deflationary, ensuring its long-term growth and sustainability.
Currently, in Stage 6 of its presale, RBLK is available for purchase at $0.025, presenting an optimal entry point for investors seeking to acquire the next 100x gem. With rapidly increasing demand, those interested in Rollblock are encouraged to act quickly to secure their slice of the upcoming crypto pie.
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