Rollblock (RBLK) is the world's first Casino backed Play-to-Earn token that seeks to close the gap between centralized and decentralized gaming.
Major cryptocurrencies, including Bitcoin, Binance Coin (BNB), Cardano (ADA), and Polkadot (DOT), faced a setback in their upward momentum due to a crypto bear market. After BTC dropped to its current price below $62,000, crypto news was abuzz with fear, uncertainty, and doubt (FUD) about the market’s future.
However, amidst the noise, one promising altcoin is proving naysayers wrong – Rollblock ($RBLK). The online gambling market is rapidly expanding, and Rollblock is decentralizing this $450 billion gambling industry with an ingenious play-to-earn online casino. In its presale, analysts are predicting a 100x outcome for $RBLK in 2024.
Bitcoin's decline sparks bear market fears
The entire cryptocurrency market showed mixed performance early Tuesday after a massive sell-off, where Bitcoin‘s price shed about 5% of its value as it dropped from about $65,000 to its current price of only $61,600. For most onlookers, BTC‘s drop marks the start of a crypto-wide bear market that could see the pioneer crypto decline further, especially since Mt.Gox creditors are set to receive their crypto payouts from next month.
In recent months, the purchase of 11 spot Bitcoin ETFs has generated significant bullish momentum, driving Bitcoin's price close to the $70,000 mark. However, BTC’s momentum is slowing, and there are clear bearish signals forming for the pioneer cryptocurrency with anticipation of further drops below $60,000.
Binance's BNB drops 4% amid market-wide FUD
In Binance news, BNB‘s trading volume dropped 22% as its price moved sideways around the $580 mark, only to settle at $577. BNB‘s previous bullish momentum has so far waned as holders anticipate a possible consolidation, as BNB’s 100-hour simple moving average points to a short-term rising trend.
According to market analysts, BNB could continue its sideways move around the currently established $578 zone, but an increase in bearish pressure could cause BNB to drop further down to $550 per BNB.
Polkadot previous momentum stalls as volume drops 28%
Polkadot holders are already in the red after DOT registered a devastating 21.78% drop from about $7.40 to its current price of $5.80. Despite accumulating some bullish momentum early in 2024, DOT’s price continued to struggle against bearish pressure as trading volume stalled.
In a world where crypto news is paying attention to bullish meme coins and PolitiFi tokens, DOT has struggled to lure crypto investors and gain support for the development of its blockchain. Even though some onlookers speculate that Polkadot could be the future blockchain for ETFs, DOT‘s price continues to fall, with a registered 2.15% decline in the last week.
Cardano remains operational despite a DDoS attack
Cardano has not been spared from the effects of the bear market. The prominent blockchain network made it across crypto news headlines, with sources reporting that Cardano had faced a Distributed Denial of Service (DDoS) attack.
While reports of a DDoS attack on Cardano are alarming, the network continued to operate smoothly in a show of strength and resilience in its underlying architecture. Cardano’s price, however, has not been smooth sailing. ADA registered a drop of over 15% over the past month after facing some resistance at the $0.5 mark. According to market analysts, ADA’s bullish outcome will still be on the cards if Bitcoin hits $80,000.
Rollblock unleashes the world's first casino on the blockchain
Rollblock (RBLK) is the world’s first Casino backed Play-to-Earn token that aims to close the gap between centralized and decentralized gaming. Offering users access to traditional table games, Rollblock’s transparency and trustworthiness are at its core. Ensuring all transactions are secured using blockchain technology, while all transactions are traceable on the blockchain, it makes it impossible to alter bets when placed and provides an additional layer of security. This level of transparency has seen Rollblock gain huge attention from investors across the marketplace who are looking for a safe and secure investment with huge upward potential.
Unlike other casinos, Rollblock does not require users to complete a KYC when accessing their casino. To get started, users simply connect their wallet or sign up with an email, and these simple barriers of entry have seen a substantial increase in users, which has, in turn, led to an increase in investors purchasing their native $RBLK token. The native token, $RBLK, plays a significant role in the ecosystem, $RBLK serves as a reward for players’ activity while allowing holders to stake in the future for additional
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