Avalanche ($AVAX) Falls to $26.8 as Funding Gives Glimmer of Hope
Avalanche saw a rise of over 5% today, reaching $26.8 after bouncing back from a recent drop to $24. However, the popular Layer 1 chain has faced challenges this week, with its price falling over 8% in the last 7 days amid a shift to bearish sentiment.
Despite this bearish price action, Avalanche holders welcomed the news of a $40 million funding grant launched on the Avalanche9000 test net, aimed at:
- Boosting Avalanche blockchain development
- Strengthening community engagement
This funding initiative could help improve the mood among Avalanche holders as they navigate recent market volatility.
Ripple ($XRP) SEC Appeal Sends Bears Out of Hiding
Ripple is once again contending with resistance as it fluctuates around the $0.53 price point. The token has experienced a significant decline of 17.4% in the last week, dropping sharply from the monthly opening of $0.64.
This downturn is largely attributed to the concerning news that the U.S. SEC will appeal the 2023 decision that found Ripple did not sell illegal securities to retail investors. The prospect of returning to court has prompted many Ripple traders to seek better-performing coins elsewhere, resulting in a:
- 17% plunge in Ripple’s trading volume over the last 24 hours
- Only $584 million of Ripple traded across exchanges
Rollblock ($RBLK) Advances the Cause of Casino Fairness as Price Soars
Rollblock is poised to disrupt the massive $450 billion gambling industry by leveraging blockchain technology to enhance online gaming platforms. Utilizing the Ethereum blockchain, Rollblock provides a permanent record of all transactions, allowing gamers to verify their bids and ensuring that:
- The house no longer has the upper hand in high-stakes gambling
- No KYC (Know Your Customer) is required for signing up—only an email address and crypto wallet
- Users’ details are secure, reducing the risk of data leaks or hacks
As an added incentive, first-time deposits will receive a 100% bonus match on transfers up to $500.
The RBLK token rewards users based on their playing activity on the platform, offering:
- Staking rewards of up to 30%
- Regular revenue share buybacks
This means that RBLK supply is expected to decline rapidly on exchanges as demand surges this cycle. With predictions of the RBLK price soaring 100x as it gains mainstream attention, the current price of $0.03 may indeed be the sale of the crypto century!