Avalanche (AVAX) struggles to break out of its downtrend, but experts are confident in its long-term performance. The same can’t be said about Arbitrum, which is still seeing price drops daily, chipping away at the chart. In other news, Rollblock is going from milestone to milestone, and it’s expected to surge as the GambleFi king.
Avalanche is one of the biggest L1 platforms on the market with a market capitalization of $9.88 billion. It has suffered in the past few months as it broke through several key support levels, after reaching a yearly top of $60 in March. Since June, Avalanche has been moving in a narrow range, between $24 and $28.
Currently, Avalanche is priced at $24, marking the lower end of the range. This support appears to be fairly solid with strong buyer demand. Analysts expect Avalanche to rise once the market climate shifts, and according to some predictions, a $500 all-time high could be possible for Avalanche at the peak of the cycle.
In terms of Total Value Locked (TVL), Arbitrum is the largest scaling solution for Ethereum. Despite its massive presence in the Ethereum ecosystem, Arbitrum has seen a steep decline in price since January, when Arbitrum reached a new all-time high of $2.26.
Arbitrum’s performance is vastly dependent on Ethereum’s price action. The long-anticipated Ethereum ETF launch kickstarted a barrage of sell-offs that sent ripples across the market, and Arbitrum saw a significant 17% correction.
At the time of writing, Arbitrum is priced at $0.63 and has dropped 3% in the last 24 hours.
Rollblock’s native token RBLK is having an all-gas-no-brakes moment as it continues to rise with complete disregard to the current conditions
Rollblock has made it a mission to solve the issues of safety and trust that have been turning users away from the online gambling space. It does this by integrating blockchain technology into its framework. This means all transactions recorded are easily traceable and tamper-proof.
In addition, users can immediately begin playing one of the 150+ games without having to go through KYC verification. All players need to do is connect their crypto wallets or sign up via email.
The RBLK token powers the casino’s DeFi functionalities and the platform’s revenue-sharing mechanism. The casino will spend up to 30% of its weekly revenue to buy RBLK tokens. 50% of the tokens will be distributed to holders as staking rewards. The other 50% will be burned, reducing the total supply, which will prime RBLK for explosive rallies.
Analysts predict a potential 100x price multiplier in 2025. The RBLK presale is currently wrapping up Stage 4, and an 800% increase is expected by the end of the final stage. Right now, the price of RBLK is $0.018, which is likely the lowest it will ever be!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
A new meme coin that is gaining significant attention in the cryptocurrency market is Influencer…
While Bitcoin hovers near its recent range lows, a quiet shift is taking place in…
Dogecoin has experienced a significant decline in the past few hours, facing a sharp selloff…
ICB Labs continues its global expansion, strengthening its blockchain ecosystem through strategic collaborations, enhanced staking…
Are you a crypto newbie who wants to become a crypto whale? If so, you've…
The crypto landscape has been stunned by the rapid success of Remittix which obtained over…
