Algorand’s weekly returns go red as investors buy into these two altcoins
Release: 2024/12/12 12:49 Reading: 807
Exciting Opportunities Emerge in the Evolving Crypto Market
Rollblock Raises $7 Million, Algorand Cools Off, Litecoin Eyes Breakout
Table of Contents
- Algorand Surges 258% in a Month
- Litecoin Targets All-Time Highs
- Rollblock Expands Sports Betting Options for Web3 Gamers
Algorand Surges 258% in a Month
Algorand's weekly performance has dipped below the $3.47 mark, but despite this recent correction, the cryptocurrency remains in a strong position. Over the past month, Algorand has gained over 184% from its low of $0.12.
Algorand recently set a record for average daily transactions, reaching 4.7 million. It also surpassed the milestone of 2 billion transactions in the previous quarter, highlighting the increasing adoption of the Algorand ecosystem.
Litecoin Targets All-Time Highs
Litecoin has experienced significant bullish momentum, gaining over 40% this month to reach $111. The cryptocurrency's market cap now exceeds $9.33 billion, making it one of the top 22 crypto projects.
The technical analysis indicates a bullish outlook for Litecoin, with support at $110 and potential breakout levels around $400. The cryptocurrency has not reached its all-time high of $413 since 2025, but experts believe this target could be achieved in the coming years.
Rollblock Opens Up Sports Betting for Web3 Gamers
The Rollblock presale has reached over $7 million in funding, with a current price of $0.041. Rollblock offers a comprehensive range of gaming experiences, including classic games like roulette and Monopoly, exclusive offerings, and sports betting.
Sports betting on Rollblock will enable gamers to wager on a wide range of sporting events. All the game's payouts are made in RBLK, the native currency of the platform.
With a limited supply of one billion tokens and a deflationary mechanism, Rollblock is expected to experience reduced selling pressure and increased demand, leading to bullish price action.
Disclosure: This article is provided for informational purposes only and does not constitute investment advice. Please conduct your own research before making any investment decisions.
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