2024-9-1 15:00 |
Shiba Inu and Avalanche investors have waited for these tokens to return to the spotlight for the past few months, but all that waiting is only ending in vain. For now, the only shiny gem in the market is Rollblock’s (RBLK) new GambleFi ecosystem that has already recorded massive 140% gains.
Shiba Inu (SHIB) Makes Slight RecoveryShiba Inu has been in the red over the past 30 days, recording 16.22% intra-month losses. However, after an intra-day surge of 1.92%, Shiba Inu’s trading price is currently up to $0.00001436. Despite this positive movement, Shiba Inu has recorded a 22.48% decline in volume over the past 24 hours, hinting at decreasing investor confidence.
On the daily chart, Shiba Inu is trading below all exponential moving averages. However, on the 4-hour and 2-hour charts, Shiba Inu is flashing buy signals as the token is trading above moving averages. As Shiba Inu’s RSI is quickly approaching overbought territory now, investors are still cautious about SHIB’s recovery.
Avalanche (AVAX) Poised for Steeper DeclinesAvalanche’s monthly price chart has only seen lower lows with a 16.8% plunge. After another intra-day decline of 3.55%, Avalanche is currently trading at $23.76. With Avalanche’s market cap on a downtrend and 24-hour trading volume down by 13.97%, investors appear to be abandoning AVAX for good.
Even the AVAX/USD daily chart is painting a bearish picture as Avalanche trades below the 50-, 100-, and 200-day EMAs. With Avalanche’s RSI in the lower neutral zone and MACD Level flashing sell signals, Avalanche is unlikely to make a recovery any time soon.
Rollblock (RBLK) Sees New Influx of Investors as Traders Prepare for AltseasonAs investors abandon SHIB and AVAX, the best bet on the market right now is Rollblock’s GambleFi ecosystem. This new play-to-earn utility token has been soaring through its presale stages by raising nearly $3M with over 10,000 early investors. While most traders believe that Rollblock’s 140% rally is impressive, market experts are already anticipating a massive 800% surge by the end of presale stages.
Rollblock’s approach to iGambling is simple: trust, transparency, and utility. Instead of only accepting other cryptos, Rollblock is taking things one step further with its native $RBLK token that functions like any other crypto on the market. This means that while traders can win more $RBLK through Rollblock’s 150+ AI-powered casino games, they can also make huge gains by staking the token.
Every week, Rollblock gives back to liquidity providers in its ecosystem by repurchasing $RBLK on the open market and giving them to holders as staking rewards with 30% APY. Aside from this revenue-sharing model, Rollblock also gives tiered bonuses to early investors based on their $RBLK holdings, giving investors an extra source of passive income.
Since Rollblock’s supply is hard capped at 1 billion, market experts believe that the token will follow a deflationary trend as soon as it is launched on decentralized exchanges. For now, Rollblock has entered the sixth stage of presale with tokens selling at a low price of only $0.024. As Rollblock’s GambleFi ecosystem continues to gain traction, analysts expect another huge price hike in the start of Q4.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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The post Shiba Inu and AVAX Investors Jump Ship as Prices Fall Further; New Altcoin Provides Shelter In The Form of Gains appeared first on CaptainAltcoin.
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