Rollblock Set To Make Another New All Time High As PEPE and ICP Drop Over 15% In Past Month
Release: 2024/08/07 00:12 Reading: 991
Altcoins: A Bearish August
Amidst the pursuit of new all-time highs (ATHs) by altcoins in late July, Bitcoin's bearish entry into August has abruptly halted that momentum. Among the casualties are Pepe (PEPE) and Internet Computer (ICP).
ICP Price Plunges
ICP has witnessed a 16% decline over the past week, continuing its steep downturn. Whales have resumed profit-taking, further exacerbating the decline.
PEPE's Tumble
PEPE has crashed by over 21% amid renewed profit-taking. After setting an ATH in May, PEPE experienced a six-week bearish trend, consolidating in the $0.0000077 region for approximately 10 days. Speculators attempted to push PEPE above its previous high but faced resistance at $0.000013 as whales sold off their holdings.
Rollblock Defies the Trend
Rollblock ($RBLK), an AI-driven crypto gambling platform, has defied the selling pressure with a 100% surge in its token price during stage 5 of its presale.
Analysts' Predictions for Rollblock
Analysts predict an 880% increase in the value of the $RBLK token during its presale, followed by another ATH upon launch.
Pepe's Continuing Decline
PEPE has plummeted 45% since its ATH in May. Attempts to rally in July were met with profit-taking, resulting in a steady decline to the current price of $0.000009.
Internet Computer's Dismal Performance
ICP entered the market at $100 in May 2021, soaring to $2,831 shortly after launch. However, it has since experienced an extended bear market, hitting a low of $2.8 in September 2023. Despite a brief uptrend, ICP has declined by 16% in the past week, trading at $8.3.
Rollblock's Growth Potential
Rollblock's unique revenue-sharing model and staking rewards have positioned it for significant growth. Its capped token supply and token burn program are designed to appreciate the value of $RBLK over time. Analysts expect the gambling market to exceed $744 billion by 2028, suggesting a potential windfall for Rollblock.
Disclaimer:
The information provided in this article does not constitute financial advice. Readers are encouraged to conduct their own research before making any investment decisions.
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