Rollblock is a new altcoin set to completely redefine the traditional standards of GambleFi and iGaming cryptocurrencies.
Litecoin (LTC) and Cosmos (ATOM) have both experienced significant declines in August. While Litecoin is down 5% for the week and 12% for the month, Cosmos has dropped 22% over the past 30 days and is currently trading at its yearly low.
Despite the poor performance of both Litecoin and Cosmos, one cryptocurrency is surging. Rollblock (RBLK), a new GambleFi play-to-earn crypto, has attracted the attention of crypto analysts and traders alike.
Here's a closer look at the price performance of Litecoin, Cosmos, and Rollblock, and why analysts are predicting a massive 100-1000x gain for the new gaming crypto.
Litecoin Price Analysis: A Bleak August
After kicking off August above the $50 price point, Litecoin has experienced a continuous decline throughout the month. Currently trading at $43, LTC is down 5% over the past seven days and 12% for the month.
While Litecoin began the year trading at $140, the crypto has experienced a steep downtrend throughout 2022 2H. Despite a brief surge to $75 in mid-March, Litecoin has failed to secure any significant price action.
Now trading at 70% down from its all-time high of $410, Litecoin has attracted the attention of many traders and crypto influencers. Some influencers have even gone as far as to claim that Litecoin is now "part of crypto history."
However, some analysts remain bullish on Litecoin, with projections of a short-term price rebound as small traders continue to sell off LTC tokens. Other analysts are even predicting Litecoin to reach a price point of $100 this cycle.
Cosmos Price Analysis: Floundering At Yearly Lows
After beginning the year at $44, Cosmos has experienced a hefty decline throughout 2022. Despite a brief surge to $13 in March, the crypto rose to its yearly high and has since capitulated below the $5 price point in August.
Currently trading at $4.49, Cosmos has dropped 22% over the past 30 days and a total of 31% year-to-date. Cosmos now trades at a loss of 80% from its all-time high of $44.49.
While Cosmos recently integrated with the Ethereum blockchain to ensure seamless transactions, the crypto has failed to secure any significant price action. After merging with the blockchain to enable cross-chain transactions, Cosmos has experienced a bearish outlook.
However, the poor performance of Cosmos could present an ample buying opportunity for new investors, especially considering that smart money appears to be gravitating towards the new crypto gem Rollblock.
Rollblock Price Analysis: Surging Towards A 1000x Gain
Priced at $0.022, Rollblock is a new altcoin that aims to redefine the standards of both GambleFi and iGaming cryptocurrencies. The platform features a fully decentralized ERC-20 casino that combines play-to-earn components with both decentralized and centralized gaming to create an unparalleled gambling and gaming experience.
With a massive presale and hype carrying it forward, Rollblock is projected to surge 800% during its presale, which is set to conclude in December.
Rollblock Surges Past Competitors, Value Driven By Strong Fundamentals
Throughout August, Litecoin and Cosmos have both experienced significant declines. Litecoin is down 5% for the week and 12% for the month, while Cosmos has dropped 22% over the past 30 days and is currently trading at its yearly low.
Despite the poor performance of both cryptocurrencies, one new cryptocurrency is surging. Rollblock, a GambleFi play-to-earn crypto, has attracted the attention of traders and crypto influencers.
The platform goes above and beyond to ensure that every user's private information and funds are 100% protected. Utilizing state-of-the-art blockchain technology, every single bet and transaction placed on the platform is completely secure, immutable, and transparent on the blockchain.
From casino staples like blackjack and poker to some exclusive blockchain titles, Rollblock offers over 150 games. New users can start getting involved straight away, as the platform removes all lengthy and bothersome KYC mandates for casino access.
The RBLK token is key to the platform’s ecosystem, serving various functions. Users are rewarded with tokens for playing games as part of the platform’s play-to-earn mechanism. Furthermore, the platform harnesses a unique revenue-sharing incentive for investors.
Rollblock allocates up to 30% of its casino's weekly revenue to buying back RBLK tokens from the market. Half is burned to create scarcity, and the other half is distributed for staking rewards. This mechanism helps to bolster the value of
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