Algorand and Aave Struggle as New Altcoin Rollblock Breaks ATH Targeting the $450B Online Gambling Industry

Despite being historically strong projects, both Algorand and Aave have been struggling during the past few months. The market entered a cool-off period after it almost breached the resistance level of $3 trillion total crypto market cap. Shortly after, the prices of cryptocurrencies began to see steep corrections across the board.

Major cryptocurrency projects like Algorand and Aave have been facing difficulties in recent months. After a brief rally, the market entered a cool-off period as it approached the resistance level of $3 trillion in total crypto market capitalization. This slowdown led to a downturn in cryptocurrency prices across the board.

Most of the major coins managed to reclaim significant levels on the chart, but the overall price action remained lackluster. This prompted investors to rotate funds into promising altcoins, with a particular interest in RBLK, the native token of the crypto casino Rollblock. Rollblock recently crossed the $1 million mark in the presale of RBLK tokens.

Algorand Rebounds 36% Despite Bearish Tether News

Algorand took a heavy hit during the March correction, plummeting by more than 60% from a high of $0.31 to a low of $0.12. Buyers stepped in at this level, and the $0.15 support was reclaimed. However, Algorand's price is still far from its peak in spring and significantly lower than its 2021 bull run all-time high of $2.35. Despite being a technically sound platform, investors’ interest in Algorand seems to be waning.

Recently, Algorand sparked controversy by releasing a video ad that criticized Bitcoin, Ethereum and Solana for being obsolete and prone to failure. This ad did not sit well with the crypto community and may have had a negative impact on the token's performance. Another factor that could have weighed on investor confidence was an announcement by Tether that it will halt the issuance of USDT on the Algorand blockchain.

Aave Back To $100 After Resistance Turned Into Support

Aave has been trading within a channel of $85 to $102 for a few months. After bottoming at $78 during the last Bitcoin correction, Aave's price recovered quickly with a 33% bounce. However, this momentum was exhausted at the $104 mark, and Aave remained range-bound.

As one of the leading protocols in DeFi, investors can still expect a solid performance from Aave. Some analysts believe that it is currently undervalued, as its price is still much lower than the $631 peak reached during the 2021 bull run.

Rollblock Breaks New All-Time High Despite Climate Of Uncertainty

Showing impressive strength during the current downtrend, Rollblock is thriving. Its price saw a substantial increase in the last few days, reaching a new all-time high. Along with the price, investor interest is growing steadily, with thousands of investors joining the presale.

Rollblock is spearheading the crypto gambling revolution, integrating blockchain technology into its framework and taking transparency and security to a whole new level. This ensures that all transactions recorded are easily traceable and tamper-proof, removing the possibility of altering bets once placed. This is a breath of fresh air in the online gambling industry, which has been plagued by issues of transparency and user trust for years.

Unlike many other cryptocurrencies that hit the market without a working product, Rollblock did things the other way around, building its cutting-edge platform from the ground up. The casino is fully licensed and already generating revenue with thousands of active users. The no-KYC policy allows users to keep their anonymity and begin playing immediately one of the 150+ games from ten different publishers, with sports betting to be added soon. All that players need to do is to connect their wallet or sign up via email.

The revenue share mechanism is the star feature of Rollblock, powering the entire ecosystem. Rollblock will spend up to 30% of its casino revenue to buy RBLK tokens on the open market. 50% of the tokens will be distributed to holders in the form of staking rewards. The other 30% will be burned, making RBLK a deflationary token. This supply shock will prime RBLK for explosive rallies in the following months, as analysts predict a potential 100x surge when the bull market is in full swing.

The RBLK presale is currently at stage 4 and by the end of the final stage the project could see a massive 800% increase. Right now, the price of a single RBLK token is $0.017, which is likely the lowest it will ever be. Early buyers are already enjoying a 60% price increase and can expect further growth in the following weeks.

Keeping this in mind Rollblock seems to have what it takes to disrupt the $450 billion online gambling industry and become one of the strongest altcoins on the market, especially as the crypto gaming narrative is ramping up once again. This means that the best time to invest is now!

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.

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