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Former top altcoins Avalanche (AVAX) and Celestia (TIA) are erasing their 2024 gains in big reversals this week. These reversals have investors fleeing to the safety and stability of Rollblock’s (RBLK) presale. Crypto casino Rollblock is already 3x higher in its viral presale and is projected to rise another 100x before the end of 2024.
Avalanche Struggles in Concentrated Layer 1 Blockchain Market
Avalanche continues to struggle as the market for Layer 1 blockchain platforms continues to be dominated by Ethereum and Solana.
After a long decline from its yearly peak of $60, Avalanche found a floor around $20. Avalanche investors were then relieved as the price started to rally higher, adding almost 50% over the last month.
This relief came to an end this week, as the Avalanche price lost almost 20% of its value. Avalanche seems now headed back towards $20 as lower highs are being printed on the chart.
Celestia Token Unlocks End Brief Relief Rally
The Celestia price already shed more than 75% in value since peaking at $20 earlier this year. The recent rebound offered Celestia holders some relief, but shortly after, Celestia retraced back to range lows with a 20% decrease.
Celestia has been hammered by imminent token unlocks that will significantly inflate the circulating supply.
Rollblock Welcomes New Investors With Sports Betting Rollout
Many Celestia and Avalanche investors have now thrown in the towel on their tokens and turned to Rollblock’s crypto presale instead.
This top altcoin’s presale has gone viral numerous times for its aggressive price hikes at each new stage. Rollblock’s crypto presale has now racked up 200% growth for early investors, with even more aggressive price hikes expected for the remaining half of the presale.
The most recent Rollblock price hike coincided with the announcement of its imminent sports betting rollout.
Sports betting represents almost half of the annual revenues for the $500 billion global gambling industry. Rollblock’s preparations for the takeover of online gambling are now complete with its sports betting rollout. Rollblock will offer odds on almost every sport imaginable, from hockey and soccer to golf and even curling.
This sports betting expansion further adds to Rollblock’s already massive offering of more than 7,000 games. More than 20,000 players have joined Rollblock, with hundreds more joining every day.
One of Rollblock’s most intriguing features is its revenue-sharing scheme powered by the native token, RBLK. The casino will perform open market buybacks of RBLK by reinvesting up to 30% of the weekly revenue. Half of these tokens will be redistributed as staking rewards with industry-leading APYs. The rest will be fed into an automated burn mechanism, reducing the total supply.
Rollblock’s sports betting rollout increased its 2024 growth projections to a staggering 100x. At a price of just $0.03 per token, now it’s the perfect time to get involved!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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Source: https://en.cryptonomist.ch/2024/10/07/investors-concerned-avax-celestia-erase-gains/