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Bitcoin is consolidating at 55K and investors are bracing for further drawdowns. BNB holders are rotating funds in the low-cap gems that are showing resilience in this bearish climate. One such project is DeFi casino Rollblock, making waves in the crypto gambling space with its wildly successful ongoing presale that just broke $3.2 million in record time.
Bitcoin Correction Could Continue
Bitcoin recently breached the $54k support level and bottomed out at $52.7k, sending the market into a panicked frenzy. Buyers stepped in and brought Bitcoin back above $55k, but analysts expect further price declines given that September is a historically red month.
Bitcoin is in deep bearish territory as it’s moving below the 50-day and 200-day moving averages. The RSI indicator shows that Bitcoin is approaching oversold status, meaning that another bounce could come soon. Crypto funds have seen $600 million in outflows over the past week, with the spot Bitcoin ETFs facing strong selling pressure.
BNB Plunges Below Support
BNB is currently priced at $505, with a 1.6% increase in the last 24 hours. BNB briefly tapped the $492 mark and then bounced back above $500 with a 7% increase in intraday volume.
The BNB ecosystem is also experiencing significant volatility, with BNB-related dexes experiencing more than a 20% drop in activity. Despite the adverse climate, BNB is still fourth on the crypto leaderboard with a $73 billion market cap, and experts believe it’s still one of the most secure altcoins in the market.
Rollblock Expected to Outperform Many Established Projects
Community-backed crypto casino Rollblock is the next big entry in the booming GambleFi space. By leveraging blockchain technology, Rollblock ensures transparent and easily traceable transactions while maintaining top-notch security standards for the peace of mind of the rapidly growing user base.
To make access seamless and intuitive, Rollblock has eliminated KYC verification. Individuals can just connect their crypto wallets and access the 150-title gaming catalog immediately. Sports betting is also set to be introduced soon, further expanding the already vast Rollblock ecosystem.
One of the most intriguing aspects of Rollblock is the opportunity to use the casino as an investment platform via the novel revenue-sharing mechanism.
Every week, Rollblock spends up to 30% of its profits on buying back RBLK tokens from the open market. 50% of this amount is then burned forever, reducing the total supply and leading to sustainable price growth for RBLK. The other 50% is airdropped to holders as staking rewards with some of the highest APY on the market.
Stage 6 of the presale is live and early buyers are already enjoying 150% gains. With RBLK priced at just $0.025, another 800% surge is expected by the end of the final stage. Analysts also predict a massive 100x moonshot in 2025 when GambleFi matures as a narrative, and listings on major exchanges are finalized. Investors who get involved today could experience incredible gains by the end of the year and beyond!
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/2024/09/11/crypto-bitcoin-under-50k-btc-bnb-holders-hedging-volatility-new-altcoin-rollblock/