Arbitrum (ARB) Needs a Bullish Injection to Survive
After last week’s 50-basis-point interest rate cut, Arbitrum emerged as one of the top altcoins, recording an 11.37% gain on its weekly chart. However, it seems to have lost that momentum as Arbitrum’s trading volume is down by 0.76% in the last 24 hours. Currently, Arbitrum is trading at $0.6253 after an intra-day increase of 1.85%.
Despite Arbitrum showing profits compared to other tokens, over 90% of its holders are still experiencing losses. To regain bullish momentum, Arbitrum needs to:
- Break above its 100-day Simple Moving Average at $0.6333.
- Avoid a potential decline to the $0.4073 support level in the coming weeks.
Fantom (FTM) Soars After Sonic Testnet Rollout
Fantom is allocating 200 million FTM tokens to support its migration to the Sonic blockchain, with the Sonic testnet having gone live earlier this September. Although the mainnet is expected to launch in December, Fantom’s price has already seen a significant surge. Over the past 30 days, Fantom has experienced an impressive 45.33% rally, indicating heightened investor interest.
Currently, Fantom is trading at $0.7283 after an intra-day surge of 7.37%. The bullish market conditions have resulted in strong buy signals on Fantom’s daily chart, as the token trades above all its Simple Moving Averages. Additionally, with positive MACD levels and Momentum Indicators, there remains potential for further upward movement before a possible consolidation. If this momentum continues into Q4, Fantom could target the critical $1 milestone.
Rollblock (RBLK) Leads DeFi Market with New GambleFi Project
Rollblock’s new GambleFi project has gained significant attention since its ICO launch. Over the last few months, Rollblock has attracted more than 20,000 early investors, raising nearly $4 million through its explosive presale. If this momentum continues into Q4, Rollblock is expected to establish itself as the leading DeFi token by early 2025.
The following factors contribute to Rollblock’s bullish outlook:
- A diverse selection of over 7,000 AI-powered games.
- The utility of the $RBLK token, which powers the ecosystem and offers staking opportunities for passive income.
- A revenue-sharing mechanism that allocates a portion of casino revenue for open market buybacks of $RBLK.
- A capped supply of 8 billion tokens, creating a deflationary environment as demand exceeds supply.
Moreover, Rollblock ensures gold-standard security protocols, encrypting every transaction and bet directly on Ethereum’s immutable blockchain. This approach protects the casino from bet fixing and data leaks.
Currently, Rollblock is in stage 7 of its presale, with tokens priced at just $0.03 each. As this GambleFi project gains traction, it is poised to potentially outpace established tokens like Arbitrum and Sui by the end of 2024.