Avalanche (AVAX) Struggles to Break Downtrend
Avalanche (AVAX) is currently struggling to break out of its downtrend, but experts are confident in its long-term performance. Unlike Avalanche, Arbitrum continues to see daily price drops, chipping away at its value. Meanwhile, Rollblock is achieving significant milestones and is expected to surge as the GambleFi king.
Avalanche Ready To Flip The Trend?
Avalanche is one of the largest Layer 1 platforms in the market, with a market capitalization of $9.88 billion. The platform has faced challenges over the past few months, breaking through several key support levels after reaching a yearly high of $60 in March. Since June, Avalanche has traded within a narrow range, between $24 and $28.
Currently, Avalanche is priced at $24, marking the lower end of this range. This support appears solid, bolstered by strong buyer demand. Analysts anticipate that Avalanche could see significant gains once market conditions improve, with some predicting a potential all-time high of $500 at the peak of the cycle.
Arbitrum Struggles Amid Continued Selling Pressure
Arbitrum is the largest Ethereum scaling solution by Total Value Locked (TVL). Despite its significant role in the Ethereum ecosystem, Arbitrum has experienced a steep decline in price since January, when it reached a new all-time high of $2.26.
Arbitrum’s price action is closely tied to Ethereum’s performance. The long-anticipated launch of the Ethereum ETF triggered a wave of sell-offs, affecting the broader market and causing Arbitrum to experience a 17% correction. As of now, Arbitrum is priced at $0.63, having dropped 3% in the last 24 hours.
Rollblock Presale Nears $2 Million
Rollblock’s native token, RBLK, is experiencing rapid growth, defying current market conditions. Rollblock aims to address safety and trust issues in the online gambling space by integrating blockchain technology, ensuring all transactions are traceable and tamper-proof.
Users can instantly start playing one of the 150+ games offered on the platform without KYC verification. Players only need to connect their crypto wallets or sign up via email.
The RBLK token powers the casino’s DeFi functionalities and revenue-sharing mechanism. The platform allocates up to 30% of its weekly revenue to buy back RBLK tokens, distributing 50% as staking rewards and burning the remaining 50% to reduce the total supply. This mechanism primes RBLK for potential explosive growth.
Analysts predict a potential 100x price increase by 2025. The RBLK presale is currently in Stage 4, with an expected 800% price increase by the end of the final stage. The current price of RBLK is $0.018, likely the lowest it will ever be!
- Current Price of AVAX: $24
- Potential All-Time High for AVAX: $500
- Current Price of Arbitrum: $0.63
- Rollblock Presale Price: $0.018
- Predicted 100x Price Increase for RBLK by 2025
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