Toncoin (TON) falls as its founder is arrested

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The recent arrest of the founder of Toncoin has had repercussions on the cryptocurrency market, with the TON token bearing the brunt of the drop. Investors are actively seeking refuge in secure long-term crypto investments like Ethereum and Rollblock.

While the fear and greed index signals a neutral market, this article explores why these tokens are experiencing a high influx while experts support Rollblock for an increase of 880% in its presale.

Toncoin aggravates the market slowdown

Since the announcement of Pavel Durov’s arrest in Paris, Toncoin has led to a slowdown and investors think it could break the support level at $5. Over the past week, TON has dropped by 23.48%, the only cryptocurrency in the top 50 to record double-digit negatives.

This decline of Toncoin is closely linked to accusations of Russia’s complicity in illegal transactions as well as in the possession and distribution of child pornography. Everyone is holding their breath as TON has lost 60.9% of its daily trading volume and has fallen to the 10th rank in terms of market capitalization.

Despite a performance since the beginning of the year that has taken the price of Toncoin from $1.46 to $8.24, all technical indicators suggest a strong sell, as 83% of investors are now experiencing heavy losses.

Ethereum plays the role of a safe haven in volatile markets

Above all, thanks to a revolutionary smart contract feature and strong adoption in various sectors, Ethereum has retained the second position in the market capitalization. Meanwhile, the price of Ethereum has skyrocketed, increasing by more than 62.66% over the past year.

At the time of writing this article, Ethereum continues to trade above its 200-day SMA, with its RSI at 43.85. The market sentiment for Ethereum currently stands at 55 points on its fear and greed index, indicating a state of greed.

However, since the altcoin reached its peak in November 2021, it has not been able to surpass its value. Market experts believe that the price of Ethereum could experience a significant correction in the coming weeks, ideally to prepare for the next bull market.

In case of doubt, choose Rollblock

As market upheavals continue, Rollblock has become a title for frenzied investors, appearing as a safe and reliable option for those looking to protect their long-term crypto investments.

Considered as the combination of a 2.6 trillion dollar cryptocurrency market and a 540 billion dollar gaming market, the unique appeal of Rollblock lies in its innovative use of blockchain technology, ensuring total transparency and fairness in online gaming. Unlike traditional casinos, where trust issues often arise, Rollblock’s provably fair gaming system guarantees that every transaction is immutable.

Cette prévente a atteint le stade 5, qui pourrait atteindre une augmentation de 800% par rapport au prix actuel de 0,022 $ au lancement. Outre les gains, Rollblock s’est positionné dans l’un des meilleurs endroits parmi les cryptos dans lesquels investir actuellement, compte tenu de son excellente feuille de route et de son approche axée sur la communauté.

In addition to that, the revenue sharing on the platform from the symbolic profits of the casino constitutes an important and constant stream of passive income for its token holders. Secondly, the value of this token is supported by the buyback and burn mechanism, making it a safe haven.

Conclusion 

Toncoin having exited the top 10, Ethereum and Rollblock remain the top choices. However, the imminent correction of Ethereum compared to the potential 800% of Rollblock has prompted investors to flock to the RBLK presale.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

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*This article has been paid for. Cryptonomist did not write the article nor test the platform.