This Summer’s Altcoin Surge: Rollblock (RBLK) Set to Outperform AVAX and Optimism (OP)
This summer, altcoins are in the spotlight, but investors in Avalanche (AVAX) and Optimism (OP) have yet to see any significant gains. Meanwhile, Rollblock (RBLK) is poised to become the top DeFi token of 2024, delivering an impressive 110% return to early investors in just the fifth stage of its presale!
Bearish Pressure May Lead to an Avalanche (AVAX) Price Crash
Avalanche’s price has been on a downward trend over the past week. After recording a monthly decline of 26.25%, Avalanche is currently trading at $20.68. In the last 24 hours, Avalanche’s price has dipped another 2.25%, while its trading volume has surged by 31%. As investor confidence wanes, profit-taking could drive Avalanche’s price even lower.
Currently, Avalanche is trading below its 50-, 100-, and 200-day Exponential Moving Averages (EMAs), indicating strong bearish pressure. If Avalanche falls below the key support level of $15.83, it could experience a significant crash, potentially dropping to $4.77 in the coming months.
Optimism (OP) Stuck in a Sideways Trading Pattern
Optimism (OP) may rank among the top 50 cryptocurrencies, but it has not seen any notable growth recently. Over the past 30 days, Optimism has lost nearly 25% of its value, bringing its current trading price down to $1.37. With Optimism trading below its 50-day and 200-day EMAs, bearish pressure appears to be holding the token back.
At present, Optimism’s price chart shows a sideways trading pattern. Key support is found at $1.32, while $1.37 serves as crucial resistance. If the bulls can break above this resistance, Optimism may witness a significant rally, pushing the price up to $2 in the coming weeks.
Bullish Sentiment Drives Rollblock’s (RBLK) Price to New Heights
Rollblock (RBLK) is making waves in the crypto space with its innovative GambleFi protocol, and investors are eager to get in on the action. With nearly $2.2 million raised during its presale, Rollblock has the potential to become the next 100x crypto by the end of the year.
- AI-powered
- Ethereum-backed
- KYC-free
These are just a few reasons why Rollblock is experiencing strong bullish momentum. Users can access over 150 games on Rollblock’s casino by connecting their wallets and depositing any cryptocurrency of their choice. As a play-to-earn token, all in-game payouts are made using Rollblock’s native $RBLK.
One of the key factors driving Rollblock’s expected outperformance against established tokens like Avalanche and Optimism is its ingenious profit-sharing strategy:
- Rollblock reinvests up to 30% of its casino revenue into open market buybacks of $RBLK.
- Half of these tokens are permanently burned, ensuring a deflationary supply.
- The remaining tokens are distributed to holders as staking rewards, offering some of the highest APYs in the market.
Given these impressive features, Rollblock’s price is expected to see an 800% gain by the end of the presale stages. Currently in the 5th stage of its presale, $RBLK is selling at a low price of just $0.021. Early investors are already enjoying a 2x yield, and as the GambleFi protocol gains traction, Rollblock is set for a massive bullish rally in the coming weeks.