As the market is trying to find its footing, Ripple appears primed for a major run in the upcoming months. Two other altcoins could follow suit as well: Fantom and DeFi casino Rollblock.
Cryptocurrency market analysis for October 3 points to a potential breakout for Ripple (XRP) after several weeks of consolidation. Two other altcoins also show promising signs: Fantom (FTM) is aiming to reclaim a key resistance level, while DeFi casino Rollblock (RBLK) continues to attract attention during its presale.
Ripple (XRP) Price Analysis: Breakout Imminent?
XRP’s price is seen to be consolidating around the $0.53 mark, with a 1.7% increase in the last 24 hours. The altcoin is also seeing a steady rise in buying pressure, with a 20% intraday increase and $800 million traded.
According to analysts, a breakout is expected to occur soon, which could see Ripple begin a rally in October. The technicals indicate a potential rally to $0.70 before the next resistance at $1. XRP is predicted to begin rallying in October and reach $1 by the year’s end.
2024 has been an eventful year so far for XRP, with the ongoing legal battle between Ripple and the SEC and several new technological developments.
Recently, Ripple CEO Brad Garlinghouse, in an interview with Bloomberg, stated that the stablecoin RLUSD will be launching soon, expanding the Ripple ecosystem further. This could lead to a significant boost in XRP’s price in 2025.
FTM Price Analysis: Reclaiming Key Resistance
In a bid to revitalize Fantom’s ecosystem following a period of low adoption, the project is rebranding to Sonic Labs.
In a blog post on September 9, titled "Credit Scores On-Chain," Fantom/Sonic Labs CTO Andre Cronje announced plans to introduce credit scores for digital wallets on the Sonic blockchain, targeting the $11 trillion global unsecured lending market.
Today, Fantom is trading at $0.48, showing an 8.6% intraday increase and a 38% monthly increase, which is quite substantial.
FTM is approaching the crucial $0.50 resistance level. Once it’s reclaimed and turns into support, Fantom will have a clear road to $1 ahead.
Rollblock Investors Expect $1 EOY Minimum
Community-backed GambleFi casino Rollblock is making waves in the altcoin landscape and the $450 billion online gambling industry. The project boasts a cutting-edge platform and a novel revenue-sharing mechanism.
Rollblock addresses the many issues in the online casino sector that have been driving users away. These include a lack of trust, transparency, and security.
By leveraging blockchain technology, Rollblock ensures quick and easily traceable transactions, while the no-KYC policy safeguards user privacy.
The removal of unnecessary friction upon signing up has led to the explosive growth of the Rollblock user base, counting more than 12,000 players. By connecting their wallets, individuals can access the 7000 game catalog, with sports betting to be added soon.
The RBLK token powers Rollblock’s groundbreaking revenue-sharing mechanism, rewarding holders with generous staking rewards while simultaneously deflating the total supply. Up to 30% of Rollblock’s profits are reinvested each week to repurchase $RBLK tokens.
Half of this amount is redistributed to the community while the rest is burned forever, promoting scarcity-driven growth. The ongoing presale has already raised $3.3 million in funds, and RBLK sells for just $0.025. Analysts expect RBLK to reach at least $1 by the end of the year, as new all-time highs are being reached every week. Given how cheap RBLK is now, there has never been a better time to get involved.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
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