Introduction
Amid a bear market, holders of Binance Coin (BNB) and Shiba Inu (SHIB) are flocking to Rollblock, a GambleFi project with serious momentum. Currently in its sixth stage of presale, Rollblock is trading at $0.027 and has already raised over $3.5 million.
Table of Contents
BNB’s Bullish Breakout
Binance Coin holders waited months to see the altcoin exceed the $600 price mark—a level it could reach this week if higher demand persists. Recently, BNB’s price climbed by 3% after the US Federal Reserve slashed interest rates—the first such cut since 2020. Over the past 13 days, BNB surged 14%.
However, despite this bullish momentum, futures traders are turning bearish on BNB, betting against the possibility of a sustained rally. The funding rate for BNB futures has remained negative at approximately -0.001%, indicating skepticism about long-term growth.
In this uncertain bear market, many BNB holders are exploring new opportunities, such as the GambleFi platform Rollblock, which promises potential growth even in challenging times.
Shiba Inu’s Struggle
Shiba Inu has faced significant challenges, with only 395 billion SHIB traded during a seven-day low on September 15, 2024. With an average of 64 billion SHIB traded daily, this trend shows that demand continues to decline.
Despite this, SHIB has demonstrated some resilience, recovering slightly from recent lows and breaking through minor resistance levels. Trading near $0.00001413, it remains above key support, suggesting it may not be fully out of the game yet.
While SHIB struggles with large transaction losses and lower volume, there’s hope for stabilization in this bear market. Many holders are now looking for better growth potential, leading them to explore options like the GambleFi platform Rollblock.
Conclusion
As Binance Coin and Shiba Inu holders navigate a challenging market, the appeal of Rollblock grows stronger. With its substantial presale and projected growth potential, this GambleFi project may represent an attractive opportunity for investors seeking to capitalize on new avenues for growth.
Ecosystem
Research
News Network
About