Cardano and Ripple might have shown potential to rise as the top altcoins this season, but newcomer Rollblock (RBLK) is outperforming both of them with its massive 200% rally during the presale.
Cardano (ADA) Price at Risk of Downfall
Cardano is forming an ascending channel pattern on its daily chart which typically represents short-term gains. However, this pattern also resembles a rising wedge which could be a bearish reversal pattern. This week, Cardano’s price is expected to approach the upper trendline at $0.40 which could resolve in a breakdown soon.
Cardano is currently trading for $0.3453 after a 3.69% intra-day decrease. Since Cardano’s volume has increased by 8.50% over the last 24 hours, investors appear to be buying the current Cardano dip. However, unless Cardano’s Momentum Indicator turns bullish soon, Cardano’s price is expected to experience steeper declines in Q4.
Ripple (XRP) Loses Investor Interest Amidst Downfall
Ripple was forming an ascending triangle pattern on its daily chart for the last few weeks, but it has suddenly fallen below the ascending trendline. At the same time, Ripple also rejected its critical daily resistance on Monday, sending Ripple’s price straight into bearish territory. Since Ripple is also facing a crucial legal battle with the SEC regarding the token being a security, Ripple investors are quickly losing confidence in a potential recovery.
Ripple is currently trading for $0.5272 after an intra-day decrease of 2.35%. Ripple’s volume has also decreased by 4.39% over the last 24 hours as traders lose interest in this highly volatile token ahead of the Q4 bull run. If Ripple falls below the crucial support at $0.5209 soon, it could experience a steep decline to $0.4305 in the upcoming weeks.
Rollblock (RBLK) Surpasses $4M Mark During Presale
Rollblock’s new GambleFi project is disrupting the $500bn per annum global gambling market with its revolutionary features. By integrating the latest Web3 technology and gold standard security with traditional casino games, Rollblock is officially bringing the fun and trust back to online gambling. Within a few months of its presale launch, Rollblock has already managed to raise more than $4 million with 15,000+ early investors. As analysts anticipate this bullish momentum to only get stronger amidst the Q4 bull market, Rollblock’s price is expected to rally by a massive 800% by the end of its presale.
The main driver behind Rollblock’s bullish rise to the top is the platform’s Ethereum-backed security protocol. While traditional online casinos still struggle to offer adequate privacy and anonymity to users, Rollblock is changing the game with its no-KYC policy and Ethereum-backed betting system. On Rollblock, users can sign up with a valid email address, deposit any cryptocurrency of their choice, and start enjoying more than 7,000 AI-powered casino games. With no KYC checks and transparent betting analytics, Rollblock allows traders to enjoy a completely anonymous and secure iGambling experience.
Since Rollblock’s ecosystem is powered by the platform’s native $RBLK token, traders can also earn a weekly passive income by becoming liquidity providers. Through Rollblock’s revenue-sharing model, the platform repurchases $RBLK on the open market and distributes them as rewards with up to 30% APY.
Even with these revolutionary features, Rollblock is still selling tokens for a low price of only $0.03 during stage 7 of its presale. Since this price has already rallied by 200% from the initial presale stage, analysts are tipping at another price hike within the next few days.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://rollblockpresale.io/
Socials: https://linktr.ee/rollblockcasino
Source: https://blockchainreporter.net/cardano-ada-and-ripple-xrp-top-10-reigns-at-risk-as-20000-investors-flock-to-this-presale/