Old-guard altcoins such as Litecoin and Bitcoin Cash are proving that they are here to stay as they have both experienced steep price surges. However, many holders are rotating part of these profits into new projects with untapped potential, such as DeFi casino Rollblock. Let’s find out why analysts are tipping this innovative iGambling platform as the next 100x gem.
Litecoin Is Finally Breaking Out
After months of ranging between $60 and $67, Litecoin reclaimed the key $70 mark and flipped it into support. Today, Litecoin sells for $74 and the weekly chart shows a 15% increase. After a week of up-only action, Litecoin is cooling off as 24-hour volume has seen a 30% drop with $242 million worth of LTC traded.
Litecoin struggled significantly after the March correction as it saw nearly more than 40% of its value wiped out in the span of a few months. However, the worst seems to be behind for Litecoin as analysts believe that it could reclaim the $109 yearly high before the end of 2024. Recently, Canary Capital filed for an LTC ETF, and if approval is granted, this could catalyze a major Litecoin.
Bitcoin Cash Shows Signs Of Life Again
Bitcoin Cash has been moving above an ascending trendline that follows a string of higher lows. After bottoming out at $294 in early September, Bitcoin Cash has started climbing back to higher levels with every dip getting promptly bought up. Currently, Bitcoin Cash is priced at $364 with a 12.1% weekly increase.
For the majority of 2024, Bitcoin Cash has been flying under the radar as attention was focused on trending projects and meme coins. However, as memes stall and Bitcoin dominance is weakening, analysts believe that capital will start flowing into altcoins that have shown resilience when the market was at its worst, with one of them being Bitcoin Cash.
Rollblock Is Spearheading The iGambling Revolution
Ethereum-based DeFi casino Rollblock taps into the massive potential of the $450 billion gambling industry. By leveraging blockchain technology, Rollblock ensures easily traceable transactions that cannot be manipulated once placed. Effectively solving one of the main issues that has been driving users away from online gambling.
The casino is fully licensed and already generating revenue with more than 17,500 players. Users can access the 7000-game catalog in a seamless manner. The platform truly has something for everyone, from blackjack to new AI-powered titles.
Moreover, staking RBLK will allow holders to earn some of the highest APYs on the market via the generous revenue-sharing model. On a weekly basis, the casino will reinvest a portion of its profits to perform open-market buybacks of RBLK.
40% of these tokens will be redistributed as generous staking rewards, while the remaining will be fed into a burn mechanism, reducing the total supply and priming RBLK for sustainable price growth.
Stage 7 of the presale is 50% complete, and RBLK sells for just $0.0315. As interest in GambleFi rises and once Rollblock hits major exchanges, a legendary 100x multiplier could be on the cards. Early investors are in for massive gains in the upcoming months. Don’t miss out!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
Source: https://www.crypto-news-flash.com/litecoin-bitcoin-cash-in-this-weeks-top-gainers-so-why-are-ltc-and-bch-holders-switching-to-this-altcoin/?utm_source=rss&utm_medium=rss&utm_campaign=litecoin-bitcoin-cash-in-this-weeks-top-gainers-so-why-are-ltc-and-bch-holders-switching-to-this-altcoin