Can Ethereum and Toncoin Regain Dominance?

SPONSORED POST*

New altcoin Rollblock (RLBK) is sticking its head out as a potential game-changer, particularly in the online gambling sector. As the current bull market presents spurts of growth to many, established coins, including Ethereum (ETH) and Toncoin (TON), are undergoing serious blows that may threaten their long-standing reign.

Navigating Ethereum’s uncertain future

Ethereum (ETH) implemented a successful upgrade that aimed at improving the power infrastructure by eliminating the overconcentration of power in the top execution client. This has attracted a paltry 5% rise in the value of ETH, boosting it over the barrier of $2700. To this end though, such outlooks are tempered by the reality at hand in Ethereum’s charts. Presently, the Relative Strength Index (RSI) is exactly at the neutral 50.

Investors are watching closely as Ethereum faces resistance at $2802 and $2875, with support levels at $2683 and potentially $2569 if a downward trend continues. The recent 55% drop in transaction volume during August has done little to allay fears as to how Ethereum has the potential to fight off the selling pressure in this present bull run and what the long-term picture might be.

Toncoin’s rocky road ahead

In the past months, Toncoin (TON) has faced not only spectacular upward movements but also major downward ones. However, the action has not been so smooth for the TON since its impressive early growth of over 200%, achieved a few months ago. Just last week, the price of TON collapsed by over 21%, a situation created by extreme selling by one liquidity provider who dumped 350,000 TON, worth about $2 million. This selloff came as a shocker to market participants, especially as the price of TON is now below its support of about $5.49.

As Durov, the CEO of Telegram and one of the players associated with TON was also arrested, it brought more doubt, and the value of the coin dropped by 20%. There is still optimism for recovery, with the next level being the resistance positioned at $6.04; however, there is still a long way to go for Toncoin.

Rollblock’s GambleFi Strategy Poised for Success

In contrast to the uncertain bull market outlook for Ethereum and Toncoin, Rollblock (RLBK) is rapidly gaining traction as a top-performing new altcoin, particularly within the burgeoning GambleFi sector. 

Rollblock’s dual-purpose utility token not only functions as a currency within its online casino platform but also allows investors to share in the platform’s daily profits through a unique revenue-sharing program. This approach offers a more stable and potentially lucrative investment compared to older, more established cryptos.

As Rollblock moves into its fifth presale phase, it has already raised over $2.6 million, with the token currently priced at just $0.022. This success underscores the growing interest in GambleFi and the potential for Rollblock to outperform its competitors in the ongoing bull market. 

Unlike Ethereum and Toncoin, which are grappling with significant hurdles, the new altcoin Rollblock is well-positioned to capitalize on the current market trends, offering a compelling blend of innovation, stability, and growth potential for investors.

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

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

Socials: https://linktr.ee/rollblockcasino

*This article was paid for. Cryptonomist did not write the article or test the platform.