Two of the largest cryptocurrencies by market cap, including Binance (BNB) and Ethereum (ETH) have been on a prolonged losing streak. Notably, Binance
Two major cryptocurrencies by market capitalization, Binance (BNB) and Ethereum (ETH), have been enduring an extended losing streak. Notably, Binance has lost nearly 20% of its value after recently recording a new all-time high (ATH), whereas Ethereum prices have been fluctuating within a narrow range between $3,400 and $3,600 over the past two weeks. As investors seem to be losing patience, this new presale star has emerged as a beacon of hope. Namely, Rollblock (RBLK), the GambleFi protocol with a live crypto casino platform, is currently garnering immense attention in the presale market.Binance Network’s Regulatory Pressure Intensifies Amidst Market Volatility
Binance Coin (BNB)’s recent regulatory troubles appear to be impacting BNB price. Just hours after the Indian government slapped a $2.2M fine on the crypto exchange for violating their anti-money laundering policy, the price of BNB token dropped further by about 3%, indicating a loss of interest among investors and a possible mass sell-off due to the uncertainty surrounding the latest lawsuit. This latest development comes amidst an extended bearish market that has been ongoing for almost three weeks now. After hitting its new ATH of $720 on the 6th of June, Binance’s price took a massive hit and has mostly been trending downwards. While predicting the future is currently difficult, market analysts remain optimistic due to the Binance token’s resilience to the heavy prosecution.
Ethereum Price Faces an Extended Consolidation Face
Like Binance, Ethereum (ETH) has also had its fair share of struggles. However, in its case, the native ETH token has been unable to maintain the positive momentum from the start of the month. Notably, ETH price reached a monthly peak of $3,957 earlier in the month with many hoping that it will cross the $4,000 price mark before approaching its historic high price of $4,891. However, like most top crypto coins in the market, Ethereum price trajectory was subjected to the pressure of the broader market downturn, from which point ETH price began to decline. Consequently, after reaching a low point of $3,385, ETH prices have continued to trade within a consolidation zone between $3,400 and $3,600.
Rollblock (RBLK)’s Presale Offers Salvation for Investors Amidst Extended Market Downturn
Rollblock (RBLK)’s presale has become more prominent during the ongoing market dynamic which can be largely considered bearish. While investors are searching for the best altcoins to shield their funds from the impact of the volatile market, this presale star has proven worthy of consideration. Notably, Rollblock is a GameFi network that runs a fully operational casino platform where its users can access over 150 gameplays, and over 20 cryptocurrencies to utilize in the platform. But that’s not even the best part. By positioning itself at the intersection of online gambling and decentralized finance (DeFi), Rollblock aims to address major concerns hampering the growth of traditional online games. As a result, Rollblock provides a platform that eliminates the need for KYC or additional downloads in a bid to ensure ease of accessibility. In addition, the platform caters excellently for privacy, transparency, and security of funds. This adept preparation to combat issues faced by traditional online games ranks Rollblock among the best presale cryptos to buy.
Now to the most interesting part, Rollblock GameFi token incorporates a unique revenue share model. This model includes a buyback and burn mechanism that will reduce the supply and increase the value of $RBLK token. Notably, Rollblock repurchases a significant amount of RBLK tokens from the open market with 30% of its weekly revenue. Half of these undergo the burning process while the other half is allocated for staking rewards, providing members, especially token holders with a steady and passive income stream.
Meanwhile, the RBLK token is currently sold for $0.014 in the third presale stage, having soared from an initial price of $0.010. In addition, Rollblock’s presale is nearing $800K raised while industry experts are projecting a $1M price target for the presale by the end of the week. This positive speculation also extends to its price which is expected to surpass $1 by the end of the year, and eventually solidify its position among this year’s best altcoins.
Also, don’t miss Rollblock’s $20,000 GIVEAWAY in the ongoing EURO2024 football tournament, users can win amazing prizes each day for giving correct predictions. Participants just need to join their discord channel to take part.
Can Rollblock Truly Take the Place of Legacy Altcoins Like Ethereum and Binance?
At this point, it is a remotely impossible task for Rollblock to take the place of top crypto coins Ethereum and Binance considering their impact and
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