Even though the future looked promising, XRP’s 35% surge was only a momentary thing. With XRP and Polygon both headed towards bearish trends, investors are now searching for other promising altcoins to turn to. The top pick right now is Rollblock (RBLK) which has already surged 80% in just four presale stages!
XRP (XRP) Downtrend Makes Investors Lose Confidence
Ripple’s XRP is struggling to hold its ground. At the end of July, XRP emerged as a top-performing token when it reached a 4-month high of $0.66. Unfortunately, the bearish sentiment soon took over, making XRP’s price plummet to $0.55.
Despite Ripple’s recent $10 million investment in US Treasury Bills, XRP continued to face lower lows. Now, market analysts are projecting further dips for XRP as the token has been underperforming against Bitcoin. This multi-year complex pattern in the price chart is hinting towards a massive bearish signal, indicating that XRP’s downtrend will continue for the next few months.
Analysts Project a Huge Polygon (MATIC) Sell-Off
Polygon (MATIC) investors have been watching their portfolios in despair throughout July. Over the past 30 days, Polygon has plunged 17.75%. At the time of writing, Polygon is trading at $0.4652 after another intraday decline of 5%.
As soon as Polygon’s price breached the crucial support of $0.5, investors lost confidence and started taking profits. The Exchange On-Chain Market Depth indicator shows significant selling pressure for Polygon, with over 90 million tokens already sold during this dip. If Polygon doesn’t rebound soon, nearly 96% of investors will be in the red, which could trigger a massive sell-off.
Rollblock (RBLK) to Snatch Huge Market Share of Online Gambling Industry
Rollblock is already giving traditional casinos a run for their money. This new GambleFi token bridges the gap between centralized and decentralized gambling by integrating the latest blockchain technology. This immersive user experience is doubled down with Rollblock inscribing every transaction and bet on the Ethereum ecosystem, making the platform immune to manipulation.
Rollblock’s casino boasts a no-KYC policy, which is a delightful surprise for players who prefer to keep their identity private. Players can connect their wallet and start playing any of the 150+ games available, including classics like slot machines and newer, AI-powered games based on Web3 technology.
If the play-to-earn benefits weren’t enough, then Rollblock is also giving investors one of the highest APY on the market thanks to its revenue-share model. By the end of every week, Rollblock uses 30% of its revenue to purchase $RBLK tokens from the open market. Half of these are burned to reduce the total circulating supply, and the rest are used as recurring staking rewards. Not only does this scheme give investors a source of passive income, but it also ensures that RBLK will follow a strictly deflationary price trend.
As Rollblock wraps up stage 4 of its presale, the token’s price has already surged from the initial $0.01 to $0.018. By the end of the last stage, analysts expect this number to skyrocket 800%, with another massive 100x rally when RBLK finally hits the open market.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://rollblockpresale.io/
Socials: https://linktr.ee/rollblockcasino
The post XRP Soars 35% in a Week: Traders Bet on New All-Time Highs as RLBK Outshines MATIC’s Dismal Market Performance appeared first on ETHNews.
