

After the Recent Market Crash, Analysts Are Asking Whether or Not the Crypto Market Is Still Headed for a Bull Run
BNB investors are anticipating bullish activity as the token sees $1.2 billion worth of new investments. Meanwhile, as August kicks off, analysts are also projecting a potential resurgence for Kaspa (KAS) and another epic rally for Rollblock (RBLK) which has seen 100% gains this year alone.
As the dust settles from the recent market downturn, investors are eagerly anticipating the next bull run. Among the tokens garnering attention are BNB, Kaspa (KAS), and Rollblock (RBLK). Here's a closer look at their recent performance and analysts' projections.
BNB (BNB) has seen a significant decline since July 31st. After losing more than 18% of its value over the past week, BNB is now trading at $479.2. However, despite the overall market downturn, BNB recorded a massive net inflow of over $1.2 billion in just 24 hours.
This marks one of the highest recorded net inflows this year, indicating that BNB investors still have confidence in the token. Technical indicators, such as the RSI, suggest that BNB's decline is attracting dip buyers who are eyeing a low entry point.
If the trend reversal holds true, then BNB may experience a huge 25% rebound in the following weeks.
Meanwhile, analysts are excited about a potential rebound for Kaspa (KAS) as the token's price has dipped 22.9% this week. At the time of writing, KAS price is trading at $0.1583 with an intra-day decline of over 4%.
According to market experts, Kaspa's declines will continue in the short term. However, if you take a closer look at Kaspa's price chart, you'll notice a formation of higher highs and higher lows, hinting toward an overall upward trend.
Considering this building momentum, Kaspa is projected to achieve massive gains in the long run, and as a result, many investors are buying Kaspa for the future.
On the other hand, Rollblock (RBLK) has been making waves in the crypto space with its impressive performance.
The crypto casino is quickly taking over the $450 billion-a-year global gambling industry, and investors are rushing to add $RBLK tokens to their portfolios before supply runs out.
In the past few months, Rollblock's price has surged by 100%, and analysts are expecting a further 200x surge by the end of 2024.
The main driver behind Rollblock's success is usability. Rollblock allows users to bypass the lengthy KYC checks and deposit up to 20 different cryptos on the platform.
In addition, Rollblock's casino is programmed to inscribe every financial transaction directly on the Ethereum blockchain. This makes Rollblock's casino completely clear of third-party manipulation, bet fixing, and data leaks.
Although Rollblock is still in presale, the casino is already up and generating revenue. Early investors are earning not only by playing 150+ casino games but also through the platform's ingenious reward-sharing scheme.
Each week, Rollblock uses up to 30% of its casino revenue to purchase $RBLK tokens from the open market. These tokens are split into two categories: half is burned forever to keep the supply low, and the other half is used as staking rewards with massive APYs.
A huge amount of $RBLK tokens have already been sold, and Rollblock has just kicked off stage 5 of its presale. For a limited time, Rollblock is selling at a low price of $0.02. As demand blows through the roof, market experts are projecting an 800% surge from the initial selling price by the end of this year.
The above is the detailed content of After the Recent Market Crash, Analysts Are Asking Whether or Not the Crypto Market Is Still Headed for a Bull Run. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics





Recommended apps for the top ten virtual currency viewing platforms: 1. OKX, 2. Binance, 3. Gate.io, 4. Huobi, 5. Coinbase, 6. Kraken, 7. Bitfinex, 8. KuCoin, 9. Bybit, 10. Bitstamp, these platforms provide real-time market trends, technical analysis tools and user-friendly interfaces to help investors make effective market analysis and trading decisions.

Institutional investors should choose compliant platforms such as Coinbase Pro and Genesis Trading, focusing on cold storage ratios and audit transparency; retail investors should choose large platforms such as Binance and Huobi, focusing on user experience and security; users in compliance-sensitive areas can conduct fiat currency trading through Circle Trade and Huobi Global, and mainland Chinese users need to go through compliant over-the-counter channels.

The top three top ten free market viewing software in the currency circle are OKX, Binance and gate.io. 1. OKX provides a simple interface and real-time data, supporting a variety of charts and market analysis. 2. Binance has powerful functions, accurate data, and is suitable for all kinds of traders. 3. gate.io is known for its stability and comprehensiveness, and is suitable for long-term and short-term investors.

The reliable and easy-to-use virtual currency exchange apps are: 1. Binance, 2. OKX, 3. Gate.io, 4. Coinbase, 5. Kraken, 6. Huobi Global, 7. Bitfinex, 8. KuCoin, 9. Bittrex, 10. Poloniex. These platforms were selected as the best for their transaction volume, user experience and security, and all offer registration, verification, deposit, withdrawal and transaction operations.

When choosing a digital currency trading platform suitable for beginners, you need to consider security, ease of use, educational resources and cost transparency: 1. Priority is given to platforms that provide cold storage, two-factor verification and asset insurance; 2. Apps with a simple interface and clear operation are more suitable for beginners; 3. The platform should provide learning tools such as tutorials and market analysis; 4. Pay attention to hidden costs such as transaction fees and cash withdrawal fees.

Domestic user adaptation solutions include compliance channels and localization tools. 1. Compliance channels: Franchise currency exchange through OTC platforms such as Circle Trade, domestically, they need to go through Hong Kong or overseas platforms. 2. Localization tools: Use the currency circle network to obtain Chinese information, and Huobi Global Station provides a meta-universe trading terminal.

Priority is given to compliant platforms such as OKX and Coinbase, enabling multi-factor verification, and asset self-custody can reduce dependencies: 1. Select an exchange with a regulated license; 2. Turn on the whitelist of 2FA and withdrawals; 3. Use a hardware wallet or a platform that supports self-custody.

Binance spot trading fee is 0.1%, and holding BNB can be reduced to 0.025%; OKX rate is 0.1%-0.2%, with a minimum of 0.02%; Gate.io rate is 0.2%, with a minimum of 0.10%; FTX rate is 0.02%-0.05%, but has filed for bankruptcy; Coinbase Pro rate is as low as 0.05%, ordinary users; Kraken rate is 0.16%-0.26%, with a minimum of 0.10%; Bitfinex rate is 0.1%-0.2%, with a minimum of 0.02%; Huobi rate is 0.2%, with a minimum of 0.02%; KuCoin rate is 0.1%, with a minimum of 0.02%; Bithumb rate is 0.15%, with a minimum of 0.02%; Huobi rate is 0.2%, with a minimum of 0.02%; KuCoin rate is 0.1%, with a minimum of 0.02%;