2024 has been a rollercoaster for crypto investors so far, as an incredible Bitcoin ETF boom has since died down and led to the current post-halving slump across the entire market.
After an incredible Bitcoin ETF boom earlier in 2024, the hype has since died down and the market has taken a downturn. This has led to a post-halving slump across the entire crypto market.
Established coins like Dogecoin (DOGE), Ripple (XRP), and Cardano (ADA) have all seen gains in market cap vanish in the recent pullback. As a result, many investors are now looking for a higher return for their capital in newer, more cutting-edge projects such as Rollblock.
DogeCoin (DOGE): Meme Coin Loses Steam, Dropping Below $0.1
Many DOGE bulls were left disappointed after Elon Musk failed to adopt DogeCoin as a native currency on his X platform payments system. Despite his continued posting about Doge, no such partnership has come to light.
This news caused many investors to abandon the dog-themed meme coin and look for alpha elsewhere. However, DOGE still managed to post some positive gains over the last 6 months.
Despite selling off fiercely since March, DOGE is up nearly 45% from the lows. Investors will be hoping that the $0.09 level holds as support and that a reversal is on the cards soon for DOGE.
Ripple (XRP) Loses Key Support Level as Court Case Drags On
Ripple (XRP) holders are closely watching the headlines as the crypto has retraced all of the positive price action since 2023. The Ripple-SEC lawsuit is still playing out in the US court system and much of XRP’s outlook will depend on the outcome of this case.
Bears have been in the driving seat for much of 2024, succeeding in pushing the XRP price below a key historical support level at $0.43 – Ripple bulls are looking for a support band at $0.38 to hold, although this looks fragile for now as BTC shows weakness.
Cardano (ADA) Makes New Lows, Buyers Disappearing
Cardano (ADA) has also been making new lows and bulls are hoping to find a base at around $0.31. The trend has been bearish for a while on Cardano, however, and selling pressure has been immense.
A fall under the $0.3 level looks likely for ADA if bears remain in control and Bitcoin continues to struggle. Cardano has a long way to go to reclaim previous bull market highs, and buyers need to step in soon to reverse the fortunes of this ailing layer-1 chain.
Cardano investors may well decide to rotate their holdings into newer coins just launching, such as Rollblock.
Rollblock ($RBLK): A New Crypto-Native Casino with 100x Potential
Rollblock ($RBLK) has been making headlines recently as the innovative community casino has been moving through the stages of its presale.
Set to dominate the $450 billion online gambling industry, Rollblock effortlessly integrates the power of blockchain technology into the traditional world of online gambling.
All bets and transactions are fully verifiable on the Ethereum chain, meaning that players can be sure that the bets they place will not be tampered with or manipulated by the house. This removes one of the major concerns in the space.
With no requirements for KYC approval on signup, players can log in with an email address and simply connect a crypto wallet. There are over 100 incredible AI-powered games to choose from once inside, from poker to Monopoly and a host of new favorites.
Free bonus spins and leaderboards will keep players engaged and returning to the Rollblock tables again and again.
The native RBLK token is sure to become a giant of the DeFi space. An innovative revenue-sharing scheme will see the casino using a portion of its daily profits to buy RBLK on the open market, supporting the price and keeping demand high.
These coins are then split between rewards for stakers, who can earn up to a whopping 30% on their holdings, and the rest are burned.
This will see RBLK supply become deflationary over time, as the platform grows more popular. The price will likely moon as supply on exchanges starts to dry up.
RBLK is in presale and priced at only $0.015. At these levels, nearly 60% of presale coins have already been snapped up and these low prices won’t last for long. Investors are urged to do their research and allocate towards a bag of RBLK. Some experts are predicting a 100x for the price upon token launch.
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